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~'CI~Y OF SAN BERNARDINO - REQUEST FOR COUNCIL ACTION
From: ROGER G. HARDGRAVE
Subject:
Confirmation of 1997/98 Assessment Roll ---
Central City Parking District No. 947, Roll No.
One, Suspension of Roll No. Two and M.O.S
Dept: Public Works / Engineering
, JUN 1 7 1997
OBIGINIU
Date:
June 17, 1997
Synopsis of Previous Council Action:
07-06-76 - Ordinance No. 3589 adopted, approving the establishment, financing, operation and maintenance of
vehicle off-street parking within the City
12-03-76 - Resolution No. 12613 adopted, making a fmding that the public interest, convenience and necessity
required the formation of a parking improvement district.
07-15-96 - Resolution No. 96-222 was adopted, confirming the 1996-97 Assessment Roll for Central City
Parking District No. 947 (Rolli)
Recommended Motion:
I. Adopt Resolution
AND
2. That the assessments for the costs of maintenance, operation and security for the Central City Parking
District, and Assessment Roll 2, for the expansion of facilities, be suspended for the 1997/98 Tax Year.
cc: Fred Wilson, Acting City Administrator
Barbara Pachon, Director of Finance
Jim Penman, City Attorney
Tim Steinhaus, EDA, Agency Administrator
CA~
Contact Person: Les Fogassv
Supporting data attached: Staff Report, Summary
Phone:
5026
1
Ward:
FUNDING REQUIREMENTS:
Amount: $46,136.09 (RollI) (Parking District Fund)
Source (Acct. No.) 110-352-5198
Assessment District No. 947
(Acet. Description)
Finance:
Council Notes:
Res 97- I $'(p
07-07-97
7hft11
Agenda Item No. ~:;..
. CITY OF SAN BERNARDINO. REQUEST FOR COUNCIL ACTION
STAFF REPORT
The Central City Parking District was formed in 1977 to provide for the acquisition and improvement of the three
downtown City parking Lots #1, #2 and #3, and to provide for the ongoing maintenance, operation and security of
the three lots. Bonds were sold in the amount of$I,950,000 to provide funds for the acquisition and improvement
of the three lots with a 25 year repayment. The revenue source for annual debt service is derived from assessments
on the various parcels within the district. In addition to the bond payments, the cost of maintenance, operation and
security has also been assessed against the parcels within the district. The bond repayment and the maintenance,
operation and security costs comprise the total of Roll I. Credits are given for on-site parking spaces on each
parcel, as well as 75% of the area tax generated by each parcel. Although EDA is not assessed directly on parcels it
has acquired since the formation of the district, they pay the assessments on EDA owned parcels directly, pursuant
to an agreement between the City and EDA. The attached summary shows the breakdown ofR011l , with the
various credits.
In 1979, it was determined that additional parking facilities were needed. Funds for the expansion of district lots
#2 and #3 were loaned to the District from the City's General Fund in the amount of$812,763.45, with a 28 year
payback. An annual amount of $30,300 is assessed as Roll 2.
Proposition 218, approved by the voters last November, requires that all existing assessment districts that do not
fall into one of the various exemption categories, be approved by a majority of the property owners. After
reviewing the this district with the City Attorney's office, it was determined that the bond repayment portion of
RollI was exempt from the procedural and approval requirements of Proposition 218. The maintenance operation
and security portion ofR011l and all of Roll 2, however, are not exempt and would need property owner approval.
Additionally, the method of assessment would also have to be brought in compliance with Proposition 218,
requiring are-engineering of the district. Due to time constraints and deadlines for submitting rolls to the County,
there is not enough time remaining to accomplish the re-engineering of the district this year.
The Economic Development Agency will include in their proposed 1997/98 Budget to finance the costs for
maintenance, Operation and Security, and Roll 2. A presentation of this proposal was made to the Parking Place
Commission at a special meeting scheduled on July I, 1997.
The Parking Place Commission took action at their May IS' 1997 meeting to direct preparation of the bonded
portion of Roll 1, which was approved by the Commission at their June 19, 1997 meeting.
We recommend approval of the 1997-98 Assessment RollI (bond repayment only) and suspension of assessments
for the maintenance, operation and security portion of RollI and all of Roll 2.
06-26-97
,
Downtown Central Parking District - AD947
Assessment Rolls Summary
Assessment Year - 1997
Costs
MOS (MaintJOperISecurity) $0.00
Bond (Base Rental) $175,000.00
Incidentals $0.00
Admin Costs $0.00
Property Acquisition $0.00
Other $0.00
Gross Annual Cost
$175,000.00 $175,000.00
Contributions
Business Area Tax
$105,852.00
$23,011.91
$0.00
$128,863.91 $128,863.91
EDAPmts *
Other Contrihutions
Total Contributions
Total RollI: $46,136.09
Total Roll 2: $0.00
Total Assessments: $46,136.09
Total A V (Land) in District: $14,399,347.00
MOS Assessment Rate per $100 Assessed Value (Land): $0.000000
Base Rental Rate (BOND) per $100 Assessed Value (Land): $2.231241
Sum of Individual Area Tax Credits: $37,128.00
Sum of Individual Space Credits (3,967 spaces @ $60 per space):
$238,020.00
. Assessments paid directly by EDA
Tuesday, June 10, 1997
Page 1 ofl
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CENTRAL CITY PARKING DISTRICT
(AD 947 )
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