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HomeMy WebLinkAboutRes No. 2017-54 and 2017-55 - President's Plaza I Assmnt-LevyRES�i17'ION �OS. �017-54x5 �5 �lTY �F PALNI DE�EI�T �FFI�� OF THE �ITY TF�EA��JRER STAFF R�P�FtT RE[��1���; APPR�1fE T#�E; MAiVA�EMENT D1�7F���T�;PLAN �OR; AIVD �F���� TH�� LEV�` �1ND �QL�E�TI�N �F A��E��fl11EhET� �V1fITHIN, T�-fE PF2E�I�ENT'� PLA�4 I�R�PERT.Y A�II] BU�fNE�� 1�11PR�VEh+�ENT DI�T�I�T ��R �i��l�L YEAR �0171��1�. �UBMITTED BY: T�om�s ,�,. Met�, D�puty �ity �reasu�er ��fVTRA�TOR: Wi�ld�r� Fir��n�i�l �ervices �ATE� ;Jufy � 3,.��17 ��NT�I�T�: B�urtdary �11ap Resolutiorr�iVo_ ���7- 54 . R�s�lution �lo. ��17- ��r� �ngin�er's Anr��a� Le��r R�p�rt f�r �isc�R Ye2�r ���7I�0'18.{Fir�al} Re�ort�rrt�r�dation Vlfaive further-r�eding �nd a[lopt:. 'I,: Resolution kJ�; �017= 54 . appraving�the Management�aEs#rict.l�l�n for the Presi�en#'s Plaz� I Properky �nd Busin�ss fmprave�nent Distric# for Fiscal `�`ear �Q'E�f�O'l8. � . . .. �_: R�solutivn� hJo. �01 �� 55 :, ..ordering the levy a�d c�l1�c#���r. �f: �nnu�l asses�ments� witYiin �he� .Presid�nt's Pla�a I Praper#� and Busir�ess .Irr�prav�m�ni aistrictfor.Fi��a� Year��017�2Q�$,- �trateaic Plan �biecti�re N�# AppliC�,l��e, B��kqr�und The Pres�dent's �la�a I Praperty and �usir�ess lmpro�rement �Distfi�t ("PP �I"} was ori�inally: formed in Fiscal� 1��ar 198811599 far a five-year t�tm_ A majo�ri#�r of. properky owrters ���bsequently�vated to renew PP I far tC�ree additional�five-�ear terms,� �h� curr�nt one �beinc� from �isc�I�Y��rs ��95J�016 to ���8l���0. PP I is en�ering ir�to the tk�i�d yearaf:that term. PP.f °in��udes praperties that a�e lacat�d on the sauth �id� of Fiighwap '�11, and on ti�e �orEh side of E[ P�seo, �etw�en PartaEa and Larkspur �an�_ � . �t�f# R�pork , Pub�i� H�ari�� for Pr�s�der�#'s P�aza I Page � o# � -July 1�, ��f� The �ity af Palm D�sert .colaact� anr�ual ass�ssments frorr� PP I property o+�mer�. to pay. for services:s�ch as landscape malr�ter�a€��e, street sweepir��, �r�� parkFn� �ot IigC�ting withi� k�e cornrr7on parici��g !�t ar�as. The or,ly modkf��at�on to the PP I budget wil! t�e the alJaw�d three percent {3°�) oost-o�-liv�ng �djr�stments that were� buif� fnto fhe �urr�nt five-�ear. pfan which �h�e pmperty owners ap}�roved. The �,tt�ched res��utions �wil� apprave n�xt fis�al �r�ar's �+far�ageme�t Di�irict P�an, ar�c� allow the �ity to fevy and coll��t the associated annual 2�s,sessrTrents witF�in� PP I. .. �ta�f �e�omm�nds a�proval �f bot� re�olutions. Fiscal An�lvsls T�ie as�essm�nt and col�ection o# the full levy amount w��l:fir�ance �oth anga�ng maintenance of P� I, and ass�ciaked staff costs, refivir�g th� �ity �f any fina�cfal burr�9n. Prep�red B}+: � ,. Thorn�s J. Meti - Deputy �f#y TreaSurer �epartrner�t H��d: �' Jan t A+1. Maore `. rector,of Finan�� ! �ity Tre��urer Ap�roved B�r: �{ .�.�.�� �+ .�.. u'ri A��aian �� �ity Manager tjm H;11VI+OF�D �4471LgL DISTRICT5�k1BLIC �IEAAl�1G1FY 2�1� pFtE91DE1�7'$ PI.AZA F STAFF REPORT.doc PRESIDENT PLAZA No. 1 (EAST) o e Date. 2017 VICINITY WIP a - . - - �, � i ,: . _ .:��< .� - � � .. e , i'�v.' ,�'y. ;r -�+t � . u.�'� �� � s' i =� � �t�=�: �� �� ��r . `� 9- - � �.,F.�� ~,�- t. � � � I�'�'" LA. _ .. � 1 . tF. ' ..�' ��:�. +' ' I .T. �: � '� �al. �. � �- . .' il � Q ❑ � ti r �a � � � (� �r � a �` . .. y�' .. ' 1�� �� "� . r ��aru � p . � � . J � a � O D ' -- v, r . 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JS R .d � RE50LL1TIaN Nfl. 20'17- 5� RE50LUTION DF THE CITY CDLINCIL QF TH� GITY �F PALM ❑ESERT, CALtFDRNIA, APPRDViNG i'HE MANAGEMENT d1STRICT PLAN FQR THE PRE5IDENT'S PLA�A PRQP�RTY AND BL]51NE55 IMPROV�MENT ASS�SSMENT ❑15TRICT, F[SCAL YEAR �a1i12098 1NHER�AS, ir� Fiscal Year 2�1512016 #he City Caun�if pursuanf to the pr�visians of Property and Business lmprav�menf Disfrrct �aw af �9g4, Part � of Divrsron T8 of,the 5treefs and Nrghway$ �vde af �alifamia �hereafter Teferre� ta as the "Cade"j, and in accordance� with the provisians of th� Califamia Cansfituflvn Anicle X!1!!7 �onducted pro�eedings ftir the renewallformativn o� fhe Presi�ent's Pla�a Business Improvement District �hereafter referred to as the "Districf"], and the levy of annual assessments connected therewith; and, WHEREAS, or� Jtaly 9, 20'15 the City �oun�il held a full and fair public hearing regarding t�a renewallforrnatian af fhe '�istrict and the estaE�lishment af annual assessments and fhe maximuTn assessments required ta pay the rnaintenance and services af landscaping, lighting, refuse coliection and all appur�er�ant facilities and aperations refated thereto for a five-year periad b�ginnir�g July 1, 2�� 5 and ending June 3�, 2D20 pursuar�t fo the Cade; and, WHEREAS, Upon conclusion of the public hearing oi Ju�y 9, 2�15 the �ity Councif tabUlated the property owner assessment pratest �allots returned and �y resalufian cor�firmed ti�af majarity protest did nat exist and by r�sofution a�praved the Mar�agemenf District Plan, appvir�ted an Advisary 6oard for the District, ordered the renewalffarrnation flf the District, and ordered the levy and cof�ection of the first ar�nual assessments; arid, WHEREAS, pursuant to tha Code, the City �ounci! appointed the E[ Paseo Business Asso�iation as the Advisary Board for the District and this Advisary 8oard shal[ cause to be prepared an annual Managernent Dis#rict Plan (hereafter referred ta as the "Repflrt"} eaci� fiscal year for w�ich assessmenfs are �o be le�ied and �aflected, sai� Repvrt shall be filed with the �ity Clerk ar�d sha�l contain: any praposed ct�anges fo �ne District baundary; the impravements and ac#ivities to be pravided; the estimated c�sts and method ❑f assessrnent; the amaunt of any surplus or de�cit; and cor�tributio�s from ot��r sour�es; and, WHEREAS, pUrsuant to �he Cod�, fhe Advisory 8aard Y�as caused �o be prepared a Repvrt in connecfian with the �istri�f describing t�e prapas�d improWements, services, expendifures and assessments to he levied for Fiscal Year ��'l712�18, and fl�d wi�� the City Clerk of the Ciiy of Palm Desert and the City C�erk has pres�nted tQ the �ity Council suGh Report entit�ed "Management ❑istrict Plan for tne PresidenYs Plaza Property and Business Improvemenf Assessmer�f District, Fiscal Year 20�712a18"; and, WH�REAS, �he City Cnunci� i�as carefully examir�ed and reviawed the Report as �resented, and is satisfied with each and afl ofi the items and dacuments as set forth therein, and fin�s tY�af t�e levy af assessmen#s has been spraad in accorda�ce with t�e special benefits re�eived from t#�e impraysments, operation, rnaintenance and services io he p�rfQrmed, as set forth in said Report. N�W, THERE�ORE BE IZ RESDLVEO, DETERMINED, AND �RDER�❑ gY THE CITY CaUNC[L F4R TH� �1STRICT, A5 FOLL�WS: RESDLLJTIaN N�. �07i- 54 5ection 'I. The a�o�� recitals are true and corre�. Se�tion 2_ Th� Management District Plar�, as presenfed, consists of tY�e fvllowing: A. ❑escriptian of the ❑istrict boundari�s and aif prvperties benefiting from ti�e improvemenfs and servi�es. 8. Descri�tion of Irnprovements and services #n b� provided by t�e District. C. Annua� Budget �Estimates of GQ5t5 and Expenses of SBNIC25, �perations and Maintenanc��, ❑. District Rall canfaining the Levy of Assessments tar each Rssessor Parce� within the District, 5ection 3: The Report, as presented, is hereby approved and is order-ed ta E�� fifed in the OfFice vf tne City Cl�rk as a permanent record and #v remain o�en t❑ public inspecfian. 5ectivn 4. The City Clerk shall cer�ify to the passage and adop#ian of fhis Resolutian, and fhe rninutes af this meeting shall so r�f�ect the presentativn af and final appraval of the Repart and appointment af the ❑istrict Ad�isary Baard. PASSEO, APPROVED, AN❑ AOQPTED at a regular mee#ing ❑f the Palm Desert City Cvuncil, held on this day of .�0'17, �y fhe following vote to wit: AYES: NQES: ABSENT: A6STAINED: ,]AN C. HARItlIK, MAYOR GfTY ❑� PALM DESERT, CALlFORNIR ATTEST: RA�HELLE D. KLASSEN, CITY GLERK C1TY QF PALM DESERT, CAL�FgRNIA 2 �EsazuT�aN rro. 20'I7- 55 R�SaLLJTI�N OF THE CITY COUNCIL. QF THE CITY O� PALM dES�RT, CALiFORNIA �R��RI{VG THE LEVY AN❑ C�LL�CTf�N OF ASSESSMENTS FDR THE PRES[DENT'S PLA�A PR�PERTY AND BU5INESS IMPR�VEIVI�NT A5SE55NfENT D[STRIGT, FISCA� YEAR 2a1112018 WHEREAS, Qn Jufy 9, �Q15 the City Caunci� called and duiy hefd a p�blic hearing and property owner protest �allat proceedings tor the President's Pfaza Pr�perty and Business [mprovemen# Assessment Districf �i�ereafiter referred to as the "�istrict") pursuant ta the pro�isions of Prop�rty and Business lrnprovemenf �rstrict Law of 1994, Part T of Division T 8 of the Streets and Nrghways C�de ❑f Galrforrria �heraa�ter reterred to as the "Cade"} and the Galrfarnra Cansf�futiorr Arficle �CIIlD, far the purpose of presenting t❑ the qualified properiy vwners wi#hin the District the annuaf levy of assessments and a maximum an�ual ass�ssment ov�r a five year period beginning July 1, 20�6 arzd endir�g June 30, 20��, for the casts and expenses associated with the maintenar�ce and aperation of �andsca�ing, lighting, refuse cofle�tion and al! appurtenant faciiities related thereto; and, WHEF2EAS, the landowners of recard within t�e District� as �f the clnse of the Pub}ic Hearing held on July 9, �a15 did cast their baltats res�alting in the approval of tY�e ❑istrict renewaflformation and annual 1e�y of assessments related thereta; and, WHEREAS, #�e City C�uncil, pursuant to the Cvde d[d by pre�ious ResQlufions formed the Distric�, a�d appraved a Management ❑istrict Plar� in conne�fi�r� wi#n fhe renewallformation af t�e Distri�t ar�d appointed an Advisory Baard that shall catase to be prepared an annual repart regarding the District for fhe City Gouncil's approva�; and, WHER�AS, the Advisory Board has held a meeting far reviewing an� appro�ing the prapased budgat f�r Fiscal Year 2Q1T12�18 and �as prepared a F2e{�art in connec�ion with the District for Fisca[ Year ���71�018, and filed wi#h the City C�er[� of the Gity af Palm �esert and th� Gity Cferk has pres�:nted tv the City Cauncil su�h Report entitled uManagemer�t District Pfa� for the Presidenf's Pfaza Prap�rty and Business [mpravement Assessment District, Fiscal Year ��171�a18"; and, WH�REAS, The City Council �as �arefully examined and reviewed the Repart as presented, an� �y previflus resvlutian has approved said Report. N�W, THEREFQRE, BE [T RESDLVE�, ❑ETERMINED, AND �RDERED 6Y THE CITY COUNCIL FQR THE ❑[STRlCT, AS FDLLOWS: Section 'I. The a�ove recitals are true and cvrrecf. Sec#ion Z. T�e City Council desires to levy and colle�t the annual assessmer�t tor President's Pia�a Prvperty and Business lr-nprovement Assessment District for �is�al Year 2017/2018 pursuant tfl the provisior�s of th� Code. 5e�tion 3. Bas�d upon its review of the Managemenf ❑istric� Plar�, a capy �f whi�h has heen presan#ed to tne Ci�y Council and �iled with the City Clerk, f�e ��y �ounci! heref�y finds and detet�mines that; A. The territary of land wifhin the ❑istricf will receive special benefits tram the op�ration, maintenance and servicing af t�e imprvvements an� appurtenant facifities lo�afed within the bvur�dari�s of the Disfrict. RES�LUTfON h10. 2�'17- 55 B. District ir��ludes a!f of the iands so benefited; and C. T�e net amaunt ta be assessed up�n the fands wifhin the Disfr�cf in _ ac�ordar�ce with the praposed budgei far the fiscal year commencing July 1, �a17 and ending Jur�e 3�, ZQ'18 is apportioned by a formula at�t! method wnic� fairly distributes the net amount arn�ng alf eligible parcels in pro�artian to fhe special �en�fi�s tv �� received by each parcel fram the impravements and services. D. Tne Assessments sa c�escribed in the Management District Plan are consistenf witY� t�e assessments so appraved by #�e property owners within #k�e District. 5e�tion 4. The Report and assessm�nts as preser�ted ta the City Caun�il and on file in fhe vfFce of the City Clerk are i�ereby canfirmed as filed, Se�tion 5. The City Caunci] hereby orders the impro�ements to be made, and the levy and calle�fion of annua! assessrnents to pay far thase irnpro�ements to be presented ta fhe Caunty Audit�rlCantrvller af Ri�erside far Fiscal Year 2�17I��'i8, The Caunty RuditvrlCantrolfer sY�alf er�ter ❑n the County Tax Roll oppasite eac� parcel of land th� amount �f �evy, and su�h [evies shall �e callected at the sam� time and in the same manner as the GoUnty taxes are callected. After coilectivn by the Counfy, the net amount af the �evy shall be paid ta the City Treasurer. 5ectian 6. The City Treasurer shall �eposit all rrioney r�preser�ting assessments �oltected �y the Caur�ty fflr the Dist�ic� to the credit af a f�r�d for ti�e President's Pfaza Property and Business Impro�ement Assessment ❑istrict, and such maney shall be expended �nly for the improvements described in the Management District Plan. 5ection �. The ado�tion o� t�tis Resolu#ion constitufes the ❑istrict [e�y ftir the Fiscal Year commencing ,luly �, �017 and ending Jut�e 30, 2�18. 5ection 8. The City Clerk is hereby aut�oriaed and directed to file t�e [evy witi� the County Auditor tapan adaption af this Resofution. PASSEO, APPROVED, AND ADDPTED at a regu�ar meeting of #he Palm Desert City Council, held on this day af .��'17, by the fol�owing vote to wit: AYES: NDES: A65ENT: ABSTA[NED: ATTEST: RACHELLE �. KLASSEiV, CITY CLERK G1TY �F PALM DESERT, CALf��RNIA JAN C. HARNI4C, MaY�R CfTY flF PALM ❑ESERT, CALIF�RNIA 2 0 . � � ' I " � � � - C�ty �f Palm �e��rt � . � - �-:�� . . . �,� - � . . �;. .Y� Presid�nt's. P�a�a . Prope � ���a,rid� . y � ? � A. T� . . --:,� � Busi�ess lm^p:r��r�rnent���istrict � �- - � �� � • ' • • ` _ � f p� 1 j P`S ~ f ��� fi��'� y '�+Jy �, Y�tL i� I• � �� - � +�- p e �. �'� '"���'171��1$ ENG�II�EER'S 14�VNUi�L�`LEVY REP�RT . x � � K����T1. r :�� �, y " y,�� . '+ • �1�s � ' f r i � �•� • � • � • l • . �_ - � ��"� `� ; � .PuB�1cwHE NG:' JULY 'I 3, �2�'I7 � • - - ; �`" ' � ��� �''" � 2 • , r'�� � ' � . �..• . . ' � ' � " � ' � . - � " _ ~''- ' . F:fi� '- Y- . y �'_� �f ' ' • . ' ' . . . � - • _, �� � ; _ �`, . � � �'. � . , _ _ - _' *� . ''�� �';" -• . ' ���t' ;r.' . `'=�,,q - - • . • , . . `":� ' - A�'��,,�"'��a, .'�' - r,'� , • ��, - ��- , _ . . • - ''+a, `�` � �'�R F„ ' . � . �„y " • • .' . i �.�. •-�� ^� , � �k �:'� . • ' , ' . - ` i . �.. `� t k� �' �y�, a � • �r' S'= '� = qJ_� � a�� , .�l�p � a L7. � ^' E - ' S+l� � �+ z � - �.r _ .� � ` �+ r ' . � i` � r �� �F ~L. ti{'� j'�.�Y � � � �"� �.a�,� . _,�"' Yk4 ^ .��,R`� �_� -4 � }-;.3.1�.] �. . ` ; � �� ..,,rF .� �rr'� .� � � � � �' �'' . . u - �i �- � • � • ��"'�,. ' ` • � l� � � � - W � L L aA I� � , - —" .s v� •u 'ti r .. - ; � _ L �� �,,� ��� �.�f � �� � � Financ�al. Services _ ^ ^ ��;�� , . „ ';s - . �... � . �� :, . $ ;� .. _ __� �.�� � -�_ � _ , TABLE �F ��IV7�ENTS � VIJI LLDAN � Fnar►�ial Sen+iees [ - � ❑VERVI EUV ... ........... ........... ........ ....... ........ ........... ........ .................. ....... 1 Intraduction - RenewaflFarmafivn 1 � DESCRIRTI�N OF THE D15TRICT .............................................................. 3 �istrict Bvundary . Impro�ements and A�tivities Special Benefits of the lmprovements and Ac#i�it�es 3 3 4 METHOD O� APPdRTiONMENT ................................................................ 7 Methvd af Apportianment Rationa�e Parlting Lot Improvements and Services 5alid Waste �Refusej CQlle�tion Services Mefhod af A�pvrtionment Calculations Appar�ianment of Direct Casts Apporti�nment of Indire�t Casts Tatal Annuaf Assessment Annua[ Sudget Adjustmenfs 7 7 7 1D 11 'i 2 13 13 ❑ESGRIPTION D� BU�GET STEMS ..........................................................- 14 ❑irect Benefit Costs fndirect Beneft Cas#s Le�y BreaEcdawn District Statistics Distr�ct Budget 14 '15 '] 5 �s '17 APPEhI�fK A — ASSESSMENT ❑IAGF�AM ...............................................A-'I APPENOIX B— PARCEL LEVY INFQRMATI�N .......................................... B-'I APPEN�I�C C —ASSESSMENT R�LL .....................................................C-'I �� � 1r111 LLDAi�i � Finan�ial �erviees ��er►r�evv intraduct�on The City af Pa[m Desert �uCity"} formed and established the Presidenf's Pfa2a Praperty and Business Impro�ement Assessmer�t District {"District"} beginning in Fiscal Year '199$l1999 t� pravide impravements and activities that confeT special benefits upon real prv�erty within tne houndaries vf the Disfrict. The i�isfrict was estabfished and le�ied pursuant to Pra�erty and B�sin�ss lmpravement District L.aw af � 994, Rart 7 of Divisian 18 af the Galifornia Streets and Highways Code (the Act}. Pursuant ta the Act, property awners within fhe District submitted a signed petition reques#ing fvrmatian of #he Distric#. For each term, a maximum assessment was approved by fhe prvperty owners through an assessment ballat pra�eeding, cvnducted accarding ta pra�isions of the Califarnia Consfitutian Arficle }CIIIa �"Pro�vsition �18"].The District was su�cessfully fvrmed far a term af fve years ending in Fiscal Year 2�D21�003 and suc�essfufly renewed in Fiscal Year �20�3120�4 far a term vf f[ve years ending in Fiscal Year 20D7l20D8. llnder the provisions af the Act, fhe properfy vw�ers witi�in the District may rer�ew the District for a maximum #erm of �fen �1 �} y�ars. The District then nee�s ta �e farmed again and the process is the same as that vf th� ariginal fvrmatian. The District was successful[y Re-farmed in Fisca[ Year 20'I512415 fvr a term of five years ending in Fiscal Year 2Q'191202fl. Fiscal Year 2�1912��0 is the last y�ar af the term af fhe �urrently existing District. Pursuant to tne Act, the City propvses ta annually levy and calfect assessmerits to prflvide f�nding far improvements and activities authori�ed within the ❑istric# fvr a periad of five years �Fiscal Years 2� 15I�0 � fi thraugh �a'! ���42�}. This IVlanagement Qistrict Plan ("Plan"� descri�es the District, impro�ements and activiti�s, mefhad vf appartionment, the propased assessments fvr the curr�nt fiscal year, and the maximum assessment propased fvr the five-year durafion af #he re-farmed District. The prvposed assessm�nts are based an fhe es#imated �ost ta pro�ide t�e impro�ements, activities, and aperations that pra�id� a direct and special benefit to praperties wifhin the District. The �asts vf impravements, acti�ities, and aperatians inciude all expenditures, deficits, surpluses, r�venues, and reserves. Tha word "property," fvr the purposes af tt�is Plan, refers ta real praperty siivated within the Districf, and iclentifed as an individual praperty or parcel assigned i#s awn Assessar'S Pares[ Number 4APN) by th� �vunty af Ri�erside Assessvr's �ffice. The County of Ri�erside AuditarlCantroller uses APNs tv identify on the tax ro[I parcels and properties assessed for tax�s, special assessments, and fees and c�arges. 201712a'18 PresidenYs P[aza Praperty an� 6usiness Emprflvement District Page 4 �VI�iLLaAN J � Financiai 5�rvices i��n@W�� Pursuant tv the �ode, the renewal vf the ❑isfri�t requires similar praceedings tv tnat of the initial District fvrmation. A written petitian af the �rvperty awn�rs within the District, representing more than 5a percent (5fl°/o} vf the proposed ass�ssment ta be levied was su�mitfed to the Palm Desert City Council. The City Council initiated proceedings fvr fhe fvrmation ot the ❑istrict �y ada�ting a resolutian expressing its intention to farm the Disfrict. The resolution af intentian cantained the Managemen# District Pfan and th� time and place af a public hearing on the establishment of the District and levy of assessments. WitFiin 90 days ❑f adopting the resviut+on of intentian, the City Cvuncil held a public hearing vn the matt�r, and caused notice tv fhe praperty owners pursuanf ta Sectian 54954.6 af fhe G�vernment Code. Assessmenf ballvts �praperty owner protesf balfo#s} inrere mailed ta each property awner af [east 45 days priar to fhe public hsaring pursuant t❑ the California Gonstitutivn. Pursuant ta the Cade, the City Council alsa caused the publi�atian af the res�lufion of infention in a newspap�r of general circulafion; mailed the resaiutivn af intenti�n by first- c[ass mai[ ta each prvp�rty awner in the District and to each [ocal �hamber af cvmmerce and business argani�ation lacated within the District. At the public hearing the City Caun�il pro�ided fhe public and property vwn�rs an apportunity to provid� vra! profests and written protests priar to the adap#ion of the Management ❑istricf Plan. Pursuant tv the California �onstitution, the City Cauncif tabulat�� property owner assessment �allots recei��d fram prapsrty owners fv determine whetY�er a majority protest exisfed. It was defermined and de�lared by resolution that majvri#y prvt�st �id r�ot exist and the praper�y owners canfirmed and approved the assessmenis. Pursuant ta the C�de, the City Cauncil appointed an Advisory Baar� for the District. This Advisory Board shall make yearly recommendatians ta the City Coun�il vn tY�e exp�nditures of revenue derived from t�e levy af assessmsnts a�d on the �fassification of properties as a�plica�le. At least one m�mber vf the Ad�isvey Baard sha�l be a business licensee wit�in the District wha f5 nat a prap�rty awner witliin the Distri�t. Tnis Ad�isory Baard shall cause to be prepared a plan each fiscal year fvr whi�h assessments are fv be fevied and �a!lected. Said annual plan shall be� fi[ed with the City C1erk and shall cantain: any �rv�ased changes tv the district haundary; the improvements and a�tivities ta be provided that year; the esfimated CD5t5 for that year; the methvd af assessment; tne amaunt of any surplus or cleficit; and cantfibufians fram ather sources. The City Cauncil may a�prave the plan as submitted ar as modifed. There are na prapvsed changes in this �lan. 2fli 7l2��18 Presidenf s Plaxa Property a�d Business Improvement aistrict Page 2� � �!1![LLDAh! ��scri �tion �f the Disirict Dis�r�ct ��undary The ❑isfrict consis#s vf a�l parcels lo�afed in the commercia[ business ar�a known as the President's Plaza within the City af Palm Desert, Caunty vf Riuerside. The ❑istrict includes forty-two �42) assessed c�mmercial parcels and three �3} nor�-configuous.and non-assessed parking !ot parcels and one ('f) nvn- assessed easementlwalkway parce[. The baundary of the District and fhe parcels therein are laca#�d South of Palm ❑eserf Ori�e at Highway 1'11; Nvrth �f E[ Pasev; West vf Pvrfola Avenue; and East of Larkspur Lane. President's PEaza is cammon�y referred t❑ as President's Plaza East {fhe area east ot 5an Luis Rey Avenue}; and President's Plaza Vllest (the area west of 5an LL1i5 Rey Avenue] fvcated within the �oundaries vf the District. fmpravernents and �I�t�vities In an effort t� enY�ance and impra�e busin�ss oppartunifies and the ap�earan�e of the area knawn as the President's Pla�a, the City provided funds for fhe renovafi�n and capita! impro�ement of fhe �arKing Iot and lan�scaped areas related to this cammer�ial business center. In canjunction with this renavation, President's Plaza Pro�erty and 8usiness [mprovem�nf ❑istrict was fvrmed in 1998 tv pra�ide and ensure the c�ntinued mair�t�nance af the im�arovements after the renavations had been c�mplet�d. Ir� ZO'i 5, the praperty awners renewed tF�e ❑istric# fvr a fv� (5j year term and the assessments that are Ie�ied cantinue to pro�ide fun�ing far this maintenan�e. The assessments gen�rate� will cantinu� to �ro�ide th� necessary revenue far th� maintenance, and an incr�ase in assessment will be added effe�tive fiscal year 24� T1��� 8 based on anticipated increases in costs for #he District's a�ti�ities and far parking !ot mainter�ance. It has �een d�termined that the properties within fhe District an� fhe businesses associated with those pro�erties recei�e special and distinct henefits frc�m the impTvvements and activities to be funded tt�raugh the assessme�fs. The im�rovements include the necessary activities, services, aperatian, administratian, and maintenance reqiaired ta keep the improvements in satisfactary conditivn including fabflr, material, and equipment. The servicss r-�ay include but are no# limited ta regufar maintenance, repair, remvva[ ar re�lacem�r�i af al� ar any part of the imprvvements including patching vf asphalt, slurry sealing, and stri�ing �f the parking Iot areas; remv�a[ �f trimmings, rubb�sh, dek�ris and ather sofid waste; the �leaning, sandblasting, and repainting of walfs and other improv�ments ta remave ❑r cover graffiti; praviding for the grawth, health and �eauty of ]andscaping and lighfing incfuding cultivatian, trimming, spraying, fertili�ing ar treafing far disease ar damage; as well as 2017l20T8 President's Pfaza Property and Business [mprovemeni Distri�t ?age 3 �VIIlLLDAfti! � Financial Servic�s � � � 5U��7�ylR� I�@CG55af]( !fl'��atlOCl a11i� B�ECfC�Ca� ECIeC�}I. T�12 S�ECI�IC 1171�]fDV�fl'1BCit5 and activities include: * Parking lot landscaped areas: including, but not �imifed fa, ground � caver, shrubs, trses, plants, irrigativn and drainage systems and associated appurtenant facilities; + Parking lat lighting facllities: including, f�ut nat fimited ta, bul�s, fix#ures, poles, wiring, and electrical energy; � • Debris remaval: including, but nat limited to: salid waste containets, refuse collection services, and regular mechanical sweeping af the parking lot; and, � Parking Lvt Maintenance: inclu�ing, but nat limited to, patchir�g vf asphalt, slurry seali�g, and parking lof striping required ta prvperEy . maintain and ensure the satisfactory cvndition of the parking [ots and appurtenant facilities. The cvsts associated with the imprvvem�nts are equitabfy spread am�ng all b�nefifing parcels within the ❑istricf utilizing fh� methvd vf appartianment descri�ed in the Methad of Rppartianment section af this Plan. The tota! funds coEiected shall be dispersed and used for anly ti�e seNices and operations provided tv the ❑istrict. �pecial Benefi�s af the lmpravements and Acti�it�es All assessed praperties within the District recei�e special benefts from on� or more of the im�ro�ements and activities funded t�rvugh the District ass�ssments. 5�ecificaUy, lighting and landscaping .amenities within the parking Ivts, regular swee�ing and main#enance of the parking lots, and refuse collectian services and facilities. The special henefits af lighting (parking Iot ligh#sj are the �vnvenience, safety, and security �f �roperty, impra�emen#s, and goads. Spec�fically: 1. Enhanced deferrence af �rime and the aid ta police prote�tivn; �. Increased n�ghttime safety for patrons and empl�yees; I 3. Imprvved visihflity for pedestrians and motvris#s; 4. Imprvved ingress and egress to pro�erty; 5. Reduced �andalism and other criminal acts and damage ta im�rflvements ar praperty; 6. Enhanced aesthetic appeal vf the parking areas and the pra�erties that are associated with fhe parking areas; ��i7l20T8 Presider�fs �laza Property and Business impm�emsnt District - Page 4 �' Wl LLDAN � Fnancial5ervioes � 7. ]ncr�ased pramation of business activities and o�partunities during nighttime haurs; and, 8. The s�ecia� ecanomic enhancement to th� propertiss and their a�ility tv attract and sustain business and cvmmercial a�tivity as a result af fhe benefits identified abave. The benefts asso�iated with landscaped islands and medians within the parking lots are specifically: '1. Imprvve� aesthetic app�al ❑f the parKing areas and nearby �arc�ls; �. Impraved dust contrvl; 3. Enhanced adaptatian of the urban enviranment within the natural environmenf; 4. Imp�o�e� traffic circulativn; 5. A positiv� r�pr�sentatian vf the businesses within the Distri�t; 6. Centralized locafivns for refus� cvllectian fa�ilities; and, 7. The speciaf econamic enhancement ta the �roper#ies and theiT abifity tQ attra�t and sustain business and commercia! activity as a resu[t af #he benefifs �denti�ed aba�e. ❑ebris remvval �parking lat swee�ing� and refus� cvllection are esser�tia[ an� necessary activities far all pro�erties—particularly commercial properties. These activities and services are praposed to he funded thraugh the assessments salely for tfi� special beneft vf properties within the District. The benefits assaciated wifh these services are: '1. Enhanced aesthetic a�peal nf the parking areas and fhe pro�erties that are assQ�iat�d with the parking areas; �. Impra�ed dust canfral; 3. A� pasiti�e re�resentatian vf the businesses within the District; and 4. A cenfralized focation vf refuse cvllectian facilities and availability af #he service that would Qtherwise require ind�vidual fa�ilities that cauld �e cast prahi�itive and physicafly restri�five. � Parking Iot maintenance is an essential and n�cessary acti�ity far all properties, and in particular, far commercial prvperti�s. Th�s im�rvvement is funded through ihe assessments solely far the special �enefit ot properties witnin the District. The benefits assv�iated with this servi�e are: �. Increased safet7r to automa�ile, truck and pedestrian trafFic wifhin the parking areas and to the praperties that are associated with fhe parking ar�as; ' 2417i7_018 - PreszdenYs Plaza Pro�erty and Business Impravement Qistrict Page 5 � WILLDAI� f �,� Fnanaial5�nriees 2. lmprvved traffG circulation wifhin the parking areas; 3. Erihanced aesthetiG aPpeal vf the parking areas and th� prop�rties that are assaciated with the parking ar�as; � 4. Improved dust cantral; 5. The special e�onamic enhan�ement tv the praperties and #heir afoility to attract and sustain 6usiness and �ammer�ial activity as a result vf the benefits identified abave. The an-going aperatian a�d maintenancs af the landscaping, lighting, swe�ping and refuse �allecfion services, and parKing lot areas provide n❑ measurable general benefit ta other praperties outside #he haundaries af the District, ar to the public at large. Therefare, th�se impra�emenfs and the carrespvnding assessments have �een identified, as providing 'i 40°lo special henefit ta parce[s within the ❑istrict. 20'1712018 PresidenYs Pla�a Prvperty a�d Business Impmvement �istrict Page 6 �VIJI LLDAN � � Flnancia! 5ervices iVlethod of I�I�Oportionrn�r�t iVlethod �f Appartianmen� �ationale The costs of #he District improvements nave eac� be�n appvr#ianed by a fvrmula and metE�od which fair�y distributes fhe net amvunt ta be assessed amang alf assessed parcels in prapvrtivn ta the estimated special henefits tv b� r�ceivEd by each parce[ fram the impra�ements. Pardcing Lat lmpro�emen�s and Servi�es Assessed parcels within President's Pfaza are adjacent to centralized �arking facili#ies �lais} that provide access, parking, and d�livery areas for ti�e husir�esses and parce[s within t1�e DEstri�t. Each parce� d�rives special benefi# fram #he parking lot improvements and the services and activities necessary to maintain the parking lot. The improvements and activities incfude maintenance of several lands�aped islands ancf rnedians, maintenance and aperation af iighting facilities, par[ti�g Ivf maintenance, and sweeping services. Each assessed parcel within the District re�eiv�s a direct and spec�al �enefi# fram th�se imprvv�ments and will share praportionate{y in the cost of maintaining the parking Iots. The parking areas cansists of the three parcels #hat are entirely parking !ot area and pvrtivns �f many af the assessed parcels wi#hin th� Qistrict. The three parcels that are entirely parking lot area parcels �627-�92-416; 627-22'I-��1; and fi27-2��-043j, and ane easementlwalkway parcel {627-222-042} receive na special �en�fit fram #he impro�ements and will nat be assessed. In determining the mefhvd of apportionment fvr these iinprvvements, each parcel's benefit is based ❑n the �arking arEa adjacent to, and assacia#ed with, each parcel. Therefore, it has been determined that a fair and reasonable re�lect�an of each parcel's henefit far #he parking lat imprvvements shal[ be based on t�� appraximate frant footage adjacant to the parking areas. Most parcels within the District front fhe parking lvfs on anly one side. To ensure a reasonable and equitable appvrti�nmenf af spec�al benefit, parcels that front the parking Iaf vn m�re than one side �corner praperties}, are an�y assessed for #heir frvnt footage alang #he side of their property adjacent to the parking Ivt. 5v�id Waste (R��use} Co!lection 5ervices Es#ablishing separate refuse rec�ptacles far ea�h parcel vr �usiness within President's P{aza, and thereby allawing far separate charges and agreemenfs for this service, is na# prac#ical due to �imited space and a�cessibility. Therefore, severa� cvmman refuse �antainers have been placed within the parking lot area for use by al� the properties and businesses, and patrans af these businesses, within the District. Histori�alfy, al! developed pro�erti�s wit�in Presid�nf's Plaza have shared proportionatefy in the �osts associated with refus� calle�tivn based vn the building square footage vf the strucfures on each parce[., In determining the methad _af appartionment fvr refuse cal[ectian services, the passi�ility of fact�ring in business t7rpes as wel� as buiiding square faatage was 201712�1B Presider�t's Plaza Praperty arnS 6usiness lm�rovement aisfriGt Page 7 �W1L�LDAN I cansidered. Hawever, the inclusian af business fypes in fhe calculatian af an annual assessment poses se�eral �rablems. First, many af the parcels assessed include multiple busir�ess types, which �could r�quire a camplex �alcula#ian to identify pat�ntiai use af the service. 5ec�nd, businesses aften change fram year to year or even month ta month, maKing spe�ific business relafed assessments difficult t❑ #rack and time-consuming and expensive to administer. Third, establishing a method vf appartivnm�nt that is business-spec�fc rather than parcef-specifrc wauid likely resuEt in annual changes for each �ar�ePs assessment even if ih� cvst of the service was unchanged. Finally, tY�e level of servic� (number af pick-u�s and re�eptacles} has change� very litt�e ��er t�e last several yeaTs. AI#hough many of the �usinesses and business #ypes have changed within the ❑istrict, the tatal cast af providing fnis service has remained fairly cvnstant. ln cantrast tv the total cost, it is nvt reasvna�le to assume that a11 deuelv�ed parcels Ut�lize ar require the same le�el of refuse senrice—typica[ly the largeT the bu�lding, the greater amaunt af refuse that is gensrated, T�erefore, it has be�n determined that a fair and reasvnable estimate vf each pa�cePs benefit for refuse cvllectian is fhe bui[ding square fvatage determ9ned for each parcel. As noted previvusly, due tv limited space and accessi�ility, it is nvt practica! for each parcel ar business within Presiden#'s Plaza ta ha�e separate cantainers or agreements with the waste hauler. Hawever, it is re�agni2ed that th� baseline [e�el of service �i.e., number of bins, si�e of the �ins ar�d frequency of service} established far t�e ❑istrict may nof be adequate or appropriate[y reflect the nee�s of changing business within the District. Therefare, the follawing consideratians and �riteria shal! be fa[lowed wher� #he [evel a� servi�e pra�ided requires modi�icativns: 1. If the le�el vf service is redu�ed, the it��rementaf cost savings �if any} will �e reviewed and a�plied as fvilaws: a. R�serve Fund Accaunt — The City staff and the vwners' assaciativn wi11 e�afuate the existing availahle Reserve Funds to ensure an acceptable amount of maney is k�eing retained fQr narmai annua[ aperatian of the District. Based vn this evalua�ivn, the owners' assaciatian wi[I modify fh� annuaf plan �recammendatian to the Gity Cvuncil} ta apply all ar a portian of the CDSt sa�ings ta #he Reserve Ac�aunt. A fully funded R�senre is an amvunt equal ta approximately one ha� f of al� annual aperating expenses. However, most operating resenres are typically less t�an 50°/0, but greater than 25°/0 of all annua! v�erating exp�nses. b. Reduced Assessmenfs — Rffer reviewi�g the Reserve Account, any cvst sa�ings nof applied to the Reserve Accaunt (Reserve Fund Co�fecfi�n} will he passed on ta each parcel wifhin the District �y reducing th�ir annua] assessment for the next fiscal year, in proparti�n to tneir est�mated henefit �frvm th� methvd af apportianm�ntj. � 20'ITi20i8 PresidenYs Pfaza Prnperty and Business lmprovement C3istriet � Page 8 � � �!1lILLDAh! �.�.,� �n�,G�, ����5� 2. If the le�el af service is increased, the incremenfa! .cbst increase �it any} wifl he re�iewed and a�pfied as fa�lows; � a. Increased service District-wide --- VlThen th� current Dist�ict was renewedlfvrmed, an assessment range f�rmula was ap�aro�ed. Th�s farmula pravided fvr anficipated cast vf li�ing increases, but also allowe�i svme f�exibility far increased �vsts due ta increasec! [eveis af service. If an increased ievel af service is required for the entire District, the increase is reflec#ed in the annual huc�get. This budget increase wil[ typically cause a prap�rtianal increase of the annual assessment. lf #he increased cost resuits in an assessment rate that exceeds the maximum assessment aflowed, th�n r�serve funds wiil be used to reduce the annual assessmer�t to the maximum assessment al[awed. If the reserve fund is nvf sufficient ta caver th� cos# increase, the City Cvur�cil may pra�ide a tempvrary �aan to the District or conduct a property owner baliot proceeding fvr an assessmenf increase. b. �ncreased service fvr ane parcel — When fhe current District was renewedJformed, a baseline assessment rate and level of service was established far alI prv�art«s within the ❑istri�t. As businesses within th� District change or continue ta graw, these businesses may generate a need for an increased le�el of service, huf if is nof fair ❑r equitable to s�rea� the cvst vf fhis increased senri�� ta ather prvperti�s within the Distri�t. Th�r�fvr�, - if a�usiness requir�s an inc�eased leve! af service, t�at particular business �wner ar tFte owner vf the property on whi�h the business is lacated, mtast pay the resulting cvst increas� as a surcharge. Eith�r the City or the prop�rty owner may initiate the need for an in�reased service level. The City �oun�il sha!! make tY�e final determination as to the appropriate mechanism �y which t�e increased level af ser�ice will b� prvvided. The increased level of service may be acc�mpiished by: • Increasing the number gf pick-u�s ❑n the specific bin(s� used by the property ar business. +{ncreasing the size of the spe�ific bin�sj used by th� property ar business if space permits. + Prvviding se�arate �ain(s} for the pro�erty vr busir�ess it space and accessibifity permits. �+ Any camhination af the a}�av�. { The casts associafed with th� increased fev�l of service shafl �e the obiigation af the dusiness ar�dlaT property awner w�ich is provided with the additivnal service. Payment for the increased [eve! af service shall be re�iewed by the awner's associatian, whicY� wi1[ make a r�commendation #o the City Cauncii for appr�val. The additianal cost af �roviding tfie increased le�el af service may he added fo tYae annual assessment far the property as a surcharge �in additian ta tt�eir annua� assessm�nt}, up�n written petitivn vf the prap�rty owner and appraval hy 2�1712�18 � President's P]aza Praperty and Business Impro�ement District �age 9 `� WILLDAN I j� Fnar�cial5ervices � the City Cauncil �T�is may require a signed agreement befween the praperty awr�er and tne City af Palm Qasert}. Hvweuer, hefare any a�tivn is taken tv add a surcharge to t�e prvperty tax roll as part of the properiy's annual assessment, the �roperty ownerlbusiness shall wvrk wit� City staff and the awner's associativn to es#ahlis� the necessary level of additivnal s�rvice and arrange far direct payment f�r th� service to t�e waste hauler or th� Gity if at alI possi�le. M�thvd �f ►4pportivnrro�eni Galculations Tne appartianment vf benefit witnin the District ufilizes a weighting factor knawn as an Equivalent 6eneft LJnit [EBU}. Each parcel's EBLI represents a percentage of the total EBU applied for the �ntire ❑istrict. Depending an the improWement or a�tivity pravided, the EBLI assigned to each parcei is based ❑n either the parcel's de�elopment (apprvximate bui�ding square faatage} or the parcel's area at impro�em�nt �front fv�tage ta the parking [gts}. The cost af refuse collection services is appvrtianed based ❑n �ach parce�'s apprvximate building square fovtage. A!I vther impravements and services funde� thraugh the aisfrict are associated with the parking [vts. The fv#a[ cost af fhe parlcing lat improvements and services is apportianed to ea�h parcel �ased on their firont foatage to the parking lots. The sum of each �arce!'s praporfianate share af refuse costs and parking fot C05t5 represenfs the parcel's Tata[ Direct -Gvst. [n additian to a parcel's Total ❑irecf �ast, each parce[ is assessed far administration expenses and a reserve fund cvllection �Indir�ct Casts}. The Indirect Casfs far each parcel have been apportianed by a percentage of the parcel's Direct �asts, not #o exceed fifteen percent (15°/a]. Therefore, each parce!'s Tata1 Annual Assessmenf is the s�am af its propartianate share of the Total Direct Cost and Tvtal Indirect Casts. Although each parcel's proportiona[ benefit and assessment far each improvement is calculated indi�idually, each parcel's maximum assessm�nt is based an .the parcel's combi�ed assessment for all costs and services. The rate applied to any ❑ne impro�ement or service may exceed the maximum rate vriginally establishe�, provide� the parcel's cambined assessment does not exceed the cambined maximum assessment established far t�e property {exclut�ing changes in land use or development}. The Caunty r�quires #i�at all annual assessmenfs le�ie�f and suhm�tted f�r collec#ian on tax bills be rounded to the nearest e�en penny, thus allawing the tatal assessment t❑ be split intv fwv instaliments. In vrder fv campiy wifh the County's requirements, the calculafian of eac� assessment campanent �i.e:, refuse casts, �arking lot cvsts'and indirect costsy is rounded ta the nearest e�en p�nny and #hen added tog�ther fo� the parcel's Tatal Annual Assessment. Tl�e fallowing des�ri6es the general methQd used t❑ arrive at each par�el's praposed assessment. 201712�78 President's Plaza Praperty and 8usiness Improvemen# pistrict Page 70 l Appar#ianme�t of D�recf �asts Refuse Coliection Assessm�nt �' �IILL�AN I � Flnanr.iat services The Total Refuse Cost estimafed for refuse services is based an the City's contract with a waste hau[er far service ta President's Plaza. This Tota! Refuse �Qst divided by the estimated Tatal Buil�ing Square Faofage establEshes a Rate per 6uilding square faat. This Rate E5 mu[fiplied �y each pa�cel's estimated building square faotage to calculate the par�e!'s prop�rtionate share af the refuse service cost. Tafaf Refuse Cast I TotaJ Building Square Footage = Raf� pQr Burlding Square Foo! . Rate x ParceJ Burldrng Square Footage = R@fl15� A55@55f77�l7t Note: Far purposes af cafculating the refuse assessm�nt;, the building square faotage for ea�h parcel has been rounded to the nearest hundred square feet. Refer to Appendix "B" far building square iaotage applie�. Table 1 provides th� Refuse assessment rates for Fiscal Year 2��512016 fhrvuah Fiscal Year 201912�24. Table 1: BUilding 5ize Pr�posed Rates Fisca f Year �01 Sl2016 �D.5059' Fis�al Y�ar �016l24�i. a $Q.5211, �i;�al'(earZQ'IT128'f8 �U.53fi7 Fiscal Year �4i8f2D'[9 ��.55�$ FFiscal Year 20'19l2U2D $U.5694 There are c�arrently fvrty-twa �42] devebped �ommercial praperties within the ❑is#ricf that are assessed fvr ref�se collectivn s�rvices hase� on approximate building square faatage. {Refer ta the Assessment Ro�[ for indivi�ual parcel Refuse assessmen#s�. Parking Lat �4ssessment The Total Lot Cost estimated for parking lot improvements and services (maintenance} is bas�d on the estimated annual costs ta maintain the landscaping, lighting, �and parKing lat impr�vements, as wel� as provide 2D1712018 Presidenf's Plaza Praparty and Business lmprovemsrrt District Page �1 "i � ' V111 LLDAN � F�ancia! Services mechanical sweeping af the parkii�g lot; within President's Plaza. This Tatal Lat Casf �ivided �y the applied par[cing lat Total Frant Faatage, establishes a Rate per fron# �foof. This Rate is rnulti�lied by eacH parcel's applied fron# f�atage to calculate the parcePs proportionat� share af the parking �at mainfenance casts. Total Laf Cvsf I Tota! Franf Foo�age � Rate per Front Fv.v# Rate per front footx Parcel Front.Foo�age = Parking Lot Assessmenf Na#e: Far purppses of calculating ti�e parking �ot assessment, each parce]'s front footage i5 based an ti�e parcel's iootage raunded to tlie nearest fi�e feet. Referto Appendix "8" far frant fa�tage app�ied. � Table � vra�idss the Parkinq Lot assessment rates for Fiscal Year 2�'i 512�� 6 thrvt�ah Fiscal Year 26� 912D20. Tahle �: Par[cing Lot Proposed Rates Fis�al Y�ar�Q�[5l2f}ifi , �13,:45 � Flscal Year2U1fi1�(3�T�.� - - �a13.8� ,FiscaE llear.Z0i712a18� .•� . .. . . �1q.2T - . t: . , FFisca#=Ysar2018T2D1g - �1�1.�9 Fiscal Yea�.20131�OZ0:_' , $15.13 �, - _ All parcefs within the District receive direcf and- special benefits from fhe parking lot irnprov_ernents and services. Each af these parcels is assessed proportianafely based vn their frant footage adjacent ta the parking lot. Apporfionmenf of !na[irect Casts To- ensure the irnprovements, ac#i�ities, and services provided and funded thr�ugh the District are cantinued, each par�el wil� be assessed 'for its praportianal share af adm�nistrative and res�rve casts {Indire�t Costs}. These Indire�t Cvsfs include all expenses �related tv t�e administrativn of th� �istrict as well �as th� callectivn vf maney toward a Reserve Fund. T�e annual assessment for Indirect Costs �as bsen estabEishe� at fifteen percent �15°/aj af the Tvtal Direct Casts assessed tv each parcel. 2017J�4'[8 ' PresidenYs Plaxa Praperty and 6usiness Impro'vement District - Page 'i� �' 1N� LLDAC� � =�J„� Financial Services T�e sum af �ea�h parcel's proportionate share af refuse costs and par�Cing Ivf cvsts represents the �arcei's Direct Cast. This Direct Cost rnultiplied �y fift�en percent {'i 5°IQ} repres�nts each parc�l's pra�vrtionate share of the lndire�t Costs. Parcel's Tv�aJ �ireG� �ost X 75f � lndirect Assessment. Table 3.provides the ❑isfrict's.lndirect Cost amounts �#or Fiscal Year 24� 51�a16 thrauah � Fiscal l�ear �fl� 91�d24. Ta61e 3: Total Propvseci Indirect Cos�s �i�cal.-Year 2U151�0'15� - ... :� � $29,45B�7i Fiscal Year�2016120'17 - �� �3D,340.4'i Fiscal Year 201T12018 $31;250'.�� Fiscal�Year �018l�01S.." $32�18B.�1d. Fiscal Year 20 1 912 020. �� -- � -$33,153,78 Tafal Annual Assessment Each par�el's Tvta! Annual Assessment is t�"e sum of their prapartiona#� share af the airect �vsts and Indirect Gasts. The preceding. descriptian af t�ie me#hvd af apportianment aut�ines the estimated cast and rates a�plied for tY�e District and #he maximum amount prajected. The maxirnum ��-aj�cte� amounts were deteTmined by appiying_ an annual inflationary facfor vt three percent (3°/a} over the �i�e-year duratian of the pisfrict based on the first year assessments. A�nuaJ ��dget Adjusfinents Fvr the five years� of -the term of the PB[D renewal, annual assessments may be adjusted by the President's Plaza PBID owners' assaciatian up fv three percent� �3°�0} per year. Actual annual adjustrnents may range fram zero percent ��°Iaj �a three percent 3°/aj. Adjustmerits may differ fram year to year depending vn the service needs��entified i�y the owners' assvcia#ian. In ariy everit, assessmerits wil[ not exceed the lev�ts illustrated'by the Disfrict Budget �Tah[e 4}. Any annuai �udget sur�lus ar deficit wiEl be accrued inta the fv1[�wing year's PBID �udget. Ass�ssments will �e set accQrdingiy, within the ranstraints af the annual adjus�ment, to adj�ast for surpluses ❑r defcifs that are carried fvrward. 2017l�018 President's Plaxa Propertj+ and Business lmpr��ement Dist�ct ' Page 'i3 ��I�I'[ LLDAh� � ��,�,�:� s�r�;�85 Descriptivn af Budg�t It�ms aireci Benefit Costs Larrdscape Marntenance Cvntrac� �— Includes all regularfy sche�uled la�ar, mateTial ��.g. pipe, fertilizer, insecticides}, and equipment required fo properly mainfain and ensure t[�e satisfactary candition af all landscaping, irrigation and drair�age systems, and appurtena�t facilities. AI! fandscaping imprvveme�ts within the Distric# ar� con#racted for maintenance and service on a regular basis. Ti�e frequency and specific rnaintenance aperations required wit�iin fhe Disfrict is determined by City staff, but is �enerally schedu�ed weekly. Landscape Water — Utility cast to furnish wafer required far iandsca�e irrigatian. Landscape Electrre — Utility casf for furnishing of e�ectriciiy required fvr the operation af the irrigafivn systems and vrnamental lighting. Landscape Reparrs ---- This �tem includes repairs that are nai normally included in the yearly maintenance cvntrac# casts. This may include repair af damaged amenities due to vandalism and starms. Planned upgrades may also �e included. These upgrades may inc[ude, but are nvt limited fo, replacing plant materials ar renovatian of irrigation sysfems. Lightrng — The furnishing of elecfricity required far the operation and maintenan�e of the lig�ting facilities �parking lat lighting, including but not limited tv, bulhs, fxtures, poles, wiring, and elec#ri�al energy}. The City cor�tracfs tvr the furnishing of its elec#ricity far fighfing, which includes normal maintenance and bulh repla�ement. T�is cvst does not include repairs ❑r replacement af damaged facilities ciue ta vandalism, acc�dents ar stvrms. 5weeping Servr�es — Weekly cf�aning flf the parking !a#s and gutters using a contracted, mechanized senrice.. Parking Lot Mainienance — Inc[udes all regufar[y scheduled labvr, maferial, and equipment far pat�hing of asphalt, slurry s�aling, and parking lo# striping required to prvperly maintain and ensure the satisfacfory canditian af the parEting fats arid ap�urtenant facilities. The frequericy and specific maintenance operations re�uired witF�in t�e ❑istrict is determin�d by City staff, but slurry sealing and parking ivt striping are generally schedu[eti� annual[y, whi[e �atching af as�phalt is perfarmed ❑n an as-ne�ded basis. Parking lvf mainfenance far slurry sea�ing and �arking Eot striping within the District is confracted far ser►rice ❑n a regular basis, wnile patching af asphalt may be perFarmed �y �ity stafF ar cantracted for servi�e as needed. Salid Vl�aste Remova! Senrrces -- The furnis�ing of bins and bi-weekly calle�tivn af salid wasfe. The City cantracfs with a waste haul�r for this senrice. Or�[y develvped praperties �with a strucfurej Tecei�e spec�al �enefit from fh�s - service and are assessed for this service. - �07T12p1$ President's Plaza Rroperty and BUsiness Impravement Qistrict Page 14 � V1Ii LLDAN � Finar�cf � t 5ervices lndirect �enefit Costs Disfrict Adminisfrafian — The casf #v a�f deparfinents and staff of the City, for praviding the coordinatian of DistTict servi�es, operatians and maintenance of the Qis#rict, respanse to public concerns and educatian, and �rv��dures assac�ated with the fevy and callectian of assessments. This cvst alsv includes �vntrac#ing with professionals ta prvvide additional administrative, lega[, vr engineering servi�es specific #v the District. CBunt� Adminisfrafio►� Fee — Th�s is the actual cost ta the ❑isfrict far the County ta cvllect ❑istrict assessments on� the praperty fax bi!!s. This charge is bas�d on a ffat rate per fund number. County Per Parcel Fee --- This is tfi�e cost ta the ❑istrict for the Cvunty ta collect assessmenfs ❑n th� �rv�erty tax bi�1s. This charge is ❑n a per assessment �asis, at $a.35 per assessment, and is�in addition ta the Cauniy Administratian Fee. Nlisce!lane�us Expenses -- This is a fund for additianal costs related �a District administration 9ncluding required formatian, dacumentatian, recardatian, and legal fees. Reserve Fund CoJlectron —. The Reserve Fund pravides fvr cal[ection af fun�s ta vperat� the District frvm the time period of July 1(beginning of the Fiscal Year) thraugh January when the Counry provid�s the City with th� first installment af assessments caliected from the property tax bi11s. The Reserve Fund eliminates fhe need far the Cify to transfer funds fram non-District ac�vunts #o pay fvr Qistrict chargss during the firsf half af the fiscal year. The Reserve Fund may als❑ be used ta affset any unfvreseen costs such as repairs, legal fees, revenue deficits, vr increased cosfs due tv inflation ar confracfual agreements fhat are greater than vriginally planned. Le►►y Breakdown Totat District Cvsts -- This is fh� sum tatal of al1 �udgefed Direct and jndirect CD5t5. An�rcrpafed !]efrci#15urplus — This item may include antic�pa#ed �vsts af the District t�at exceed th� amvunt to be collected. This item alsv ref�e�ts �eginning �alance defcits. When ffie actual. cast and expenditures fvr the Disfrict are greater than the amaunt budge�ed and cvl�ected in tne prior fiscal year, #he D15tfiCt i1a5 a Beginning Balance Befcit. fhis deficit may k�e the result of unforeseen and �xtraordinary cvsts incurred, vr assessm�nts actualiy co[lected �eing [ess than anticipaf�d. VWherr a deficit accurs, the deficit amvunt may be added to the amaunf fo be cvllEcted through tf�e levy far the currenf fiscal year vr recavered thrvugh use of the Reserve Fund. When the actuaf casts and exp�nditures for the Dis#rict are less fhan the amount �udgefe� and cv[lected in the privr fisca[ year, the District has a Beginning 201712�98 President's Piaaa Praperty and Business lmprovement aistrici Page 15 '� � ' WiLLDAI�! I � Financi�l5ervices f Balan�e Surplus. When a surplus accurs, the amaun# may he used to re�iuce assessments fvr fhe foflowing year ar may he a�ded fv the Reserve Fund. Other Re�enue 5aurcQs — This item may Enciude addi#ional fut�ds designated for use �y th� District that are not fram Disfrict assessments. These funds are added to the District account and may be a�ded to the Reserv� Fur�d ❑r used to redu�e assessments, and may he from either non-�istrict or �Districf saur�es incl�ding City General Fund Contri�utions or ir�terest earnings vn th� Reserve Fund. Balance fo Levy—This is the tota� amaunt t� be levied and cal[e�ted through assessmer�ts for the �urrent fiscal year. The galance to Levy represents the sum vf Tvta! ❑ire�t Costs, Intiirect Cvsts, Re�enue Deficits, Other Revenue Sources, Revenus Surpluses, and Cantribution ReplenisY�ments. �IS'�1"1�� .r7t�i15�1C5 Ta�a! Number vf Parcels --- The tofal number af parc�ls within the ❑istrict. Tatal Parcels Levred ---- The total number of parc�is within the District that wil� be assessed. Non-assessed lots ar parcels in�fude easements, comman areas, and parcels within the boundaries af the District that currently da not benefit from t�e impro�ements. Total Building Square Fvotage = This is fhe sum tofal af the building square fovtage applie� to par�els within the ❑istrict. Fafal Parking tot Frant Footage (parking lotj --- This is the sum tatal of tY�e parki�g lat frvnt faatage ap��ied to parcels within the ❑istrict. Levy Rai�e per Burlding Square Foo�— This amount re�resents the Rate being applied tc� each parcel's individual building square foatage �cal�ulatian af each parcePs propartionate share of refuse cnflectian costs}. The te�y Rate per Square Fvat is th� result of di�idirig the estimated t�ta1 refuse cost far that year hy the sum of fhe District's Tata[ Building 5quare Foatage. The rate is calculated fo three decimal places. Le�y Rate per Fmnf Foat — This amount represerifs the Rate being applied ta each par�el's individual parking Iot trant faotage �calculatian af the parcel's propartionate share vf parking !ot maintenance casts}. The Le�y Rate per Frant Fvat is the resuit of di�iding the estimat�d tatal parEcing lot costs far that year by #he sum of the District's Tatal Parking Lot Front Favtage. T�e rate is ca�c�late� ta #hree decimal pfaces. Le�y Rafe for Indirect Cvsts — This amount represer�ts the percentage a�plied to each parcef's ❑ire�t Cvsts tv d�termine t�e parcePs prapvr�9anate share of the amaunt ta 6e assessed f�r administrative expenses and Reserve Fund Calle�tion. A maximum rate of fifteen percent �15°/aj nas been established. It is anticipated that the maximum amaunt will �e collected eacn year in or�er to establish �and maintain a reas�nable Reserve Fund. 2i]i il��18 PresidenYs Pla�a Property and Husiness ]mpravemeni aistrict Page 16 •�VIJI LLDAN Dis�rict Budge� T�e Disfrict Bu�get shown on the fvl�owing page �Tahle 4) fisfs the estimated casts of providing the varivus impro�emer�#s �an� servi�es. The costs and the resulting rate tor each Fiscal Year is based vn the estimated costs t❑ pravide the impro�ements and ser�ices that year. The prajected annual costs anficipated o��r th� five-year duration of the Distri�t, assessments have �een calculated based vn an annua� inf[ationary facfvr of fhree percent �3°/�} from the first fiscal year. Hawe�er, this inflatian factar daes not mean the assessments wilf increase annua[ly by three percent �3°/0}. The awners' asso�iatian appointed by the City Council, will annuaEly review the Distri�t casts and make re�ommendatians far ar�y changes ar adJustmenfs t� the budget: G�anges to tne budget, cauld result in �hanges ta th� annual assessment, but the resulting #otal assessment may nat excesd the maximum rates established in the original Er�gineer's Report withvut first abtaining property awner appraval thraugh assessment ballots. 2Q1712Q18 Fresiderrt's Plaia Prope�ty ar�d Business Improvemer�t C7istrict Page 1i a A � V�lI LLDAN Fnan�ial S�vioes Rirecf �Bene�it Casts ` ` �Landseaga Maintzr�anc� Casts , $ 7,�i1:38 `$ �,489;52 3 7,714.2i � 7;�45:E� 5„ 8;184.�0 • L:andscape ll6liliEs 5,�d13.�4 5,�74.'[3 e&,�5E3.35 fi��39.87 "6�+�'18:83 . Landscape Repalrs . . � .G.990,i8. 5;'[39.$� . 5.29�.€}6: 5,4;r2.89 5,�75,�'� Lighii�ig 'i�;��58:�2 14;683.�"f ' 1�,�Z4,�k3• t5,578:•18 1fi045.5i 5►ve�ping�Serui�es �_ •_ 5,��3.�4 5:$"Id �3 = 8,45D�36 �.�31:8Z _ _' - 6;418'83 � parl�ir�g i.ot�Maini�nar+ce � 12�298.74� 9��667.7f3 _. '13i0117.�3` 13.439.98 "_ 13.842.34 Secvic� Subiot�f �6asecS ora p2risinglat inotagej� 3 at},222.59 $ 5'fx729.27 S 53;281:1� ,$ :54,8T9.58 '$ 56r5�5.a7 ' Sv1ui N1ias[a Rem4+ra1 Seruces $'IA6,155.45 $150,54d.12 � 155.456.32. $'159.708.01 � 164.499.25 , 5en�iGe Si�tt�taf �Based an huildfng squ�re �otage} $146,155.45 $ �5U,540:9� � 'i55;05F'i32 � '159,i�8.01 �• 1B4,�98.25, . �Total Direct E3e�efif � �•'19Ca.378_d� '� 202,Z69 39 5 208,33i.�7 $ 2T4�58T 8[] $'22a sU�S:� fndirect Ca`sts A ` �' ❑iStriCtAdrnitlTStiation � �' 13,097:[]8 � 13,490.0[i $ �3.894.7� $ 14,39i;54 $� �14,740.88 ' County Ad�rsinistratian Fee ��'i,Q9 '$ 176.22 5 �81.5t � 186.9fi $' 192;55 Counfy Per' Parcel Fee � 16.52 $ 17�0� � 1�.53 � �18. D5 $ 18.�4. PVfis�elianevus'Expen'ses, w-:6,353.iT $ 6,5437� $ s.74�.Q1 $ �fi,�4229 � 7.9�0.48 ' AtlzrsiriistCatir� 5u'�t�ta! $ '�5,637.�{3 '$'•'2U,ZZB.94 � 20;833.�5 $ 21;�58.76 $ �,1U�.52 Res�ive Furid Calleciior� {�°k} $ .5�81B.9D $ iq;i13.4T � 1b,�i6.8'i � '10�T�9.38 $• '1,05't.�8 7otal Indi[ec� Cr�st t�� �'29;�5fi.T.i $ 30,34d1:4i � 31.25�.8�, $ 32.1$8. i4 $ 33F1�3.�8 [.er. Ereakdown , _ l'�tal 3]irecf aridiRdir�ct Casts $2��;834.7$ $ 232;609.8� $ '239.�88.49' � '246,T%5'.i�4 $. 254,'l79:0't zA�tiGipa�ed t]s�ficit ar 5urp�ras ._ - , - - - - �th�rF�ayen�Saurces " - - - = Ba�ance to ieiry � � Y �T,�5�834.�8 $ 232,6D9.84 $�.23�;58808 S 2d6�775:74 S 2�,1T9.Q1, �°la irrcrease = . 3.fl0°In 3.d�°% 3.U�°/a 3.�D°� Distrrct �S�y ��+6'%r.� � ' . . � �ota! ParCel& �_ 46.�{i 46.UQ 46.�4 46,00 ' �6.� ,� Tatal Parcefs Tn Levy • �P.4fl 42s00, Q�.�� �2.[1Q 42:4� T�nt�iBlJilding 5quar� F'ootage - ,_ �86.90�.U�] 288�9U�.Q4 ,288,9a4.�0,. �28B;90U.I]p �88;900;44 TotaF Ffai�t-Faotage.[Pa�ltin9 Lai.)' . 3,735 3�'�3� 3;�35 . 3,735 3,735 � Cevy Rats per 6��Iding Sguare Foot �� [1�5459 •� U,5211 � p.535T 5 0.5528 $� Q.5fi94 - °� increase _ ' 3.00°/0 3:L10°�. 3.[1056 3:0�°la l.evy R2te pe� FI�R� FOot ' #3.45 r� i3:8'�0'�$ 14.2fr5:r.�"'a ' 74.fi83 �$ 15.134; 5� inctease • .3:��9b 3:0�39� 3.0[1°l0 3.4D°l4 . �evy Rale''FGrAdr�iinTReser�s S1� 95,Ua°!o 15.fl6°�o 1�s.�D°ro �5.dQ°Jrr ^IS:OQ%- Resenre Fund Balance - PFe�ious Balas�ce� _.• 1'F7��T�.i6 �12'l���9�,17 i3i.4Q4:fit4 t4�I,$21.51 152r55fl.89 ' �stimat0d��n�ir� BaEan�e ' 1�'f�2�'I..i� �39,4[l� fi4 14�,821.5'[ 152.55�.89 '{63�6U2:15 h� Total Nd�ect cosls includng a 95'o collection for, reserves are 1596 of the total d'o e�t her�elit �osts. • R�hha�rorum annual �assessmer�ts fnr direct costs and o�direct costs iw FY 2U17-20i B represent a 3% inerease over the assessments appGed in the currerrt P6� term {Rscal Year 201B-17j. 5ources: City,o[ Palm pesert; Wi�ldan Finanaa! Serrices 2�i 7��i8 PresidenYs P]aza Property and Br�siness lmprovement aistrict - Page '18 �1�IJ1 LLDAfV � Fjcnarrai�l 5ervices � App�nd�x A Ass�ssrn�nt Diagr�m The Assessment Diagram for the District is shown in redur�ed format an the fallowing page and is inciusive af ali parcels identified an t�e Counfy of Riverside Assessor's Parcel Ma�s as 6�ak 6�7, Pages 212, 22� and 22�. The Ass�ssment Diagram wi�1 be ke�t on f!e with the Ci#y Clerk af #he Ci#y of Pa1m Desert. • 201 iI2�18 President's Plaza Property and 6�asiness Impravemeni Distriet Page A-1 '� W�LLDAN � Financial Seroices � Assess�tFNi' oiA[�RnM Paesioen�rs Pu�n i PFipPERTYAN� BUSSNESS IMPROVEMENT �ISTRICT cm or nwu oeEert7 carrrr a� nr.eRSAe 6TA7! Or CALIFpW�A srnre Mrr ��� o+uy oesexr rw C� , � �o_� c� ��� � �' �° ���0� Qaap — 3 � � � �5 � Q � � '° m � � ���OOOa � � � �a �������� � � � PRlGO � 1 r � � f I LEOEno - �� O �uP PEiRE�I'6 MA�PER 20'1 T12D 18 ��� • e. •�l��eR'� � e�L'N 9�� �ll:l�`t'�7_l�l���"i�= = - H �e �.�r a».:z�-a��'�a rer-�r�.oe: �i �; e:rr/,-��`r��J'.i,:o�. ���� �� � ��'.� � I:�- „i,fi,,�,) ,.��., ,,.. ! �-/!�li ,..a:, PresidenYs Plaxa Property and eusiness Improvement Qistrict .�,.a, n11hf LYl1[RMF1['RfiPSNRR�1' OAlY OOT[Rp11'ORfif]d u1S]WT,T�`�1AYM .7M& CSiYCl.E1tC ' QiY OAfA1JA 0lSAY arxnaom w� ancs na rrm uvawr�merr � B�PP{�L7T'nF�LLWA' P8T,11114_i4VOP .� uix oviniM oev�,i•.....•6 0! N6 LT�1' I]!l.5L6S DE�'iT, I1HT{f01111� IIIYPN Ah'D ��s v uxn s�memrrn<n� assrsa�vn ou�x a�m nxexau�rrwar�cvirnoaFn�¢ nwvor am. nm...—^—..nu�s�umnm ASSCl@AtY[Ai)LLN'Plt9 �¢nmINi13Cf1PlIf�IlPT11II eurununmrwarrarara�u�aorngmr oe ru� uus�r m� xxe_unxur .umnriraEr��smwu� mmm �=e�=�^^^ aou. ex�aoxn� �v n�¢ o� onnm R1Yr�Lar 41YOP1nIML�![i e¢�noa nwres �t RTiI[IiHfiURVN RLf%Z_,,,,]A,RIB[]Q][ ar wus ur •••��,••,••.wo uuauuunn• r�uwm�tMatwcrenrm[�cal urxnaorri�sw. TIlB CV WM1Y 1ECiVDYH.IWtiIY CW i1viJ81L 6 i7AIC W CNDO�N�L FmC Aa5'f.m0. IJ1R&T WAPD. f.VllliF1'lJ:UM9PJl. '�� cw�rnw�sme >w*c rn. cwxncywu w nu wau nrm na�urrsrope �n ASSPSSOAtilAY.C�d�nea�me.� tl WDBT]I}IDTLtYfC9NII iMR,SRi11Cr K1Y�SSti]SU�qR�Y�aSinRCCNlITR�C �'u{c114.V5 51NLL OD1'L'RN rM N7. u1RAud NSL1T1N0 I}UIEIIIR � MuniFiiiancial ��� Rage A-2 0 �V1If LLDAN I � Fnan�ia! Services �4ppenciix � - Par��l Le►ry 1nf�rrnat�on The �ar�el infvrmation is shown in Table 5 an #he fvllowing page, inclu�ling building square footage and front footage, is used in calculafing ea�h parcel'S proportionate share of all District Costs. �Q1712018 President's Plaza Property and Business fmpra�ement �istrict Page B-1 � Taf�le 5: Parcel irifarmation 1 �- 3 �4 � fi. � 8_ 9 1� 1t y2 13 14 15 16 17 18 19 � �� 2� ^a3 24 � 2Cs Z7 28 29 30 3i � � sa 35 36 3i � 39 40 41 42 `5��7��)2 � �'�E68 HiGHVsiAY"17 i 52'F-212�pf3,3 ., 73677 WIC�1-�WRY 11 i 627-2a 2-�!]4 73731 I-f�G'HVJAY i17 �27-272�Ct5 73E4Q' =�7. PA$Ep, •6ZF292-AE7� _ + -736a"U �LPASEd �27 272� . 7369U EL Ff1SE0 ��'f;242-U3�= - 737E]f1 EL.PASEO E�7=�32-D11 •7371Q EL-PJ1SE0 sz��a�-�i2 -��S�z`z- �� �tiSEo -�7 82��3Z-0�?3 - ` 7373� EL�PASEO 6�7=27�-0°l5 "�3fi�5 HiGH111ff�Y I:]i sz�-z�2;ais� fi27-272-U17 �736�[} EI;'PASEO 827•22'I-UOi 7374� �IiIGNWAY 111, 62� 22i�2 73758' FltGNWAY �t1 i fi�7�29-0U4 45i45 SAN LUIS REY AVE B�T•22]�RB ' 7374p• EL-PASEO T?7-22i-�8 73�50 E1 PJlSEO 62-i-221-09CA} 73&�9 li2GH1AIA5! '�71 ������ !k 627•�-Aa� ' �'738R5. HIGi3�A�'S` '�li 827-� 003 ° 7`3851 ti3GNW,4Y"� 1 i �62?-7.�-004 73�&1 ' kRGHYFS[AY�11'[ 5Xi-222-005 73$73 kItGHWRY•'!1l 627�-AQB � 73893 kEt�}iWAY' S�9i fi�7222-01�- - 73�E5 FIIG1-1tM1lAY, '�1'1 ��7-22'1-�15 7398 j 'f�1�WAY i 11 �27-2�2-7�i- . _ . � 527=�22-424 73�94' 'Ei PASEO 627 �-0Q�x i3314 EC Pi4SEQ • 527222-U26 7392� ELPf4SE0 627•222-02i• 73930 'EL PASEQ ' :�6�7-222-028 739�4 EL PA$ED 627�222-029 . • 7395Q EL,f�AS�fl s2� ��aa - 'S'�7•2�2-�34� 73425 ,k11GHWRY'11�t $27-Z22-03& 73894 EL PAS�O fi27-�22A41 73885 'H1G}iWAY 111 6�T �2-04�= E27�223�643' �I5�'S] PC}F2:i1C]L+A',P��fE £27��44, 73599 -E4FAS�Ci 627-222-048 73g41• HIGHWAY' 171 . �7��-05� 7382� •FJ,.Fe4S�D '827�222-p5� - 73833 Fi1Gl-IWAI' 3 i i fi27222-�755 739i{i EL.Pi45�4 � ;-E2"f-�22-D5� 73933 �F13G1-3NIAY`t71 50-�` aaa.�ao: 1 []U.9� 1TT.5� 5�.0� S�.OU. 5b.4a 50,a0 50 i1Q 5E1,U0 221.� ioo.ao. 50.0[} 9fl.� 2 73_[i2 5f1.iiD �.t�l?. 2�5F76 50.00 50.06 'S0.0a 50.OQ 10[l.Od 5D.OQ �1.b0 .5D.AQ �:� �.�R ,5d:G4• �]'�0 a�tl.� 56.dR. 5�:t3U 1�D�40' `�aii:�o 75�1b 14D,S3 1UQ�7b' z��:ss �i51:69� 1IX3:OOF� "fdA.[i� 5a o0 2[l� ;{!a "IOE}.� 570.00• 5f3.00 50.06 •5f3 OD 5fx 00 �.� 56.00 Z2Q_Dd 1QEI pEf. �� ,S�.U� � 215.013 �.� 5�.Da 225.06 ..�11^� 50.06 �.�' 5p.0� YOL1.U0' 50.OQ _5p.OQ 5i].�'- �:-._SEi,�6 5�.(10 , 50:�, �6:UD 5EkOQ - 5[3.i]Q sa o0 �asoo �OD 06 . 75 00 i4Ci,�U U 10F3.i10 2.5E� .UO ' �.� -99�.00 i4p.OG, � 3.885 8,6�0 8, 525 7 �,'!32 `a;$�- 8xi5T7 3,2�a 5.t13A �,4Qt] S,ODU _ 2[3,987 '14,�38 �}�75E} 5_ 4,3�' 48, 982 5,30a d�5&3 1,56$ 4;43� 3�250 3,�5Q' 3 a0Q . ; 8,71i �,69� 3,9p4 3,752 5E(l5a 5,�30p' 5��[► .5,I�D �,850 4�gfl� �,95� �. . s;��s 5,90(1 5.925 73,338 7i�� �y.s� 8,238 75,fl?7 g.�12' � �` W I LLDAhI � RlianCial SeClli�eS � ' 3,90[? 8.70� 6.50Ct' . 13� TOd, ^ �.8UD ' s $,�204 3,20Q, 5.�•- : �,�.< 5,QQ6 2i,DOfb �a �oo - 4;8t10' 4,8Dp i$,2U0 5,3Q6 4 EQ�. 1;50� 4;4DEf 3;3FX3 =-. �4� 3.QU[3 - 6a7¢� 9 7E1[? 3,9iZQ= 3,8�, 5, 7 0Q 5,GD[? 5,04C} 5,20EI � �;044, 4,SR[) ' 5,004 s,'3�s, . 8�9[1[S. _ 5;9�i . 13;3pQ• � i,$Of} �,;�ai� _ . 8,2�Y_ ] 5,G0[3. �.3Q[3: Toial ' 3,T40.29- -- -�,?85.OU' 288,56G 288�9f36 ", "Assessor Parcel IJ�Crl��s 527•272-016, 627-221-071. 627-222-027, and 627-223-0-03 are part of the [�sFricYs parlm�g lot and partel 627 222-042 ia a easerrenUwaliiway. These parceEs are not assessed end Iherefore not sasigned an Assessment N.ir�er Saarces: Rverside Ca[My Secured Rolk W4dan Fnar�ciaf Senei�es 2Ui712�78 President's Plaza P�aperty and Business ]mprflvement Qistrict Pags B-2 �' �1[ LLDAN I � Fnan�ial Servic�s �4ppendi� � �ssessment Rall Parcel identificativn, for each lof vr �arcel within the District, shall �� the parc�l as shawn on the County Assessor's Map for the year in wY�iGh this Pfan is prepare�. The Assessment Rolf, whi�h in�ludes a listing of assessar parcels assessed within this District, along with their ass�ssment amounts, is shawn in Table fi on the fol�awing �age. 2�17120't8 President`s Plaxa �roperty and eusiness �mprovemer�t Distri�t Page C-1 ' WILLDAN iF;r�ar�cta! services Table B: Assessment Rvll ? 2 '3 a 5 s � :$ 9 Sa 1] i2 13 1d 15 16 '� 7 18 19 2D ,�1 �� � 24 z� 26 '2i 2$ 39 .30 31 �2 �s 34 � as 37 38 35 , �4�� 41 , 42 Yota f: sz�,��z�az x 62T 212-0�3_� 627-712-0fld 627-292-0Q5 ��-z�z-0a� �827 2'f2d}49'. szz��a-fl�v° 827-�32-d'! 1 s��-z�z-0iz 827,2i2-{��4 szz-xv�-a}� � 's�z�zr2-0�s �sx����-0�7 627 223�(]01 fi27-22i-902 �sz7=zz�-��a �527-229 -00$ fiZ7-22 ���9 82%�29 -0TU 627-�2T-011' 627 Z22-042 627-�22-a03 .s2�-�22-orriea- 6�7-222,QQ5 szr-z�z-o�s 627-�22-01d sz7-�iz��� sz�-��-ort° �zx zzz�z� fi27 2?2-025 sz� aiz�i�s 827-�?2�127 82��^z2�-0�8 fi�Z-2,Z2-fl29 �527 2�-t13[l 5�7-P22-fl34 62i-�22-0�8. ,e�7�az��ai 527�22•fl42 8�7-222-{3�3 fi2�-�22-O�d 627-222-0�$• 5i� �-052 fsz�zzz-o� $2�-7.2�-055 5�T-22�=U�$ � 73669 'MGFiYilRY 73�] 7367,7 HIGF�iWAY Z3'! -7373T HIC�H4VAY t1'� '736�Q9 EL-F�A$�f? 736fi0 EL PAS�(} 73680 EL PA5E� �raroo �� ��s�a 73711] �! PASE47 73722 �L PASE❑ 13T3U f�PRSEO T3525- HiGHWAY 191' $7f 3.21 2,S53.D7 1 426;54 �.425.i1 �13:27 7.9 �.�7 �� s.2�r 7� �,�z 7]3 27 T13.2i 3;138.38 o.00 7,426.54 '�13.27 I13.27 3,U67:�5 713.27� i13.2T � 3,2fl9.71 �.QO' .713.23 7i3:�7 7t3.21 713-�7 �,4��.�a 7�3.�7 713:ZT 7t3.�7 713.27 713.27 'it3.�7' 713-27 713.27 7i3` 2T' '7T3:27 i,d2fi' S4 4,425.54 t,i169.9U 41.GiQ fl;GU i.997.15 7,��8,54 3ti58� 34 �.339:9} 3,42fi.54 i,991.15 ;$2,p93.i$ 4.£fi9_GO �,5s2.�D6 6; i9d:22 3,�12,53 d �f]i.04 r.�f�,�s 2,G83.56� i:zaa, i 1. ?,6$3.56. �1,2��.97 o.00 �,a�a.ci 2N57$.22 2,5i6.P� 9,768.9 7 �.844.�8 2.488.88 85B.7d' � ;� 2=364.54 1 �'77t j 5 �,zza 1� 1,�T�.14 3,595.99_ �,522�a5 2.QS3.S8 2,039.59 2;737.24 ��,693.55 2,683.56 2,7°0 ;95. �.8&3.55 �575.22 a.sa3.�s 3;381.29 5,313.46 s:tss.si �, 4[l: �oy� �k [�l�-SP' 4:1,88.36 8, 279.54 4,4Lit.f}+� g,450.69 4,99 ].43 $42�.96 1;.i�8,38 898:�8: i:�-r;so .573.9�4 767,9� ��.sz 5Q9.52 3oa:za 5d9.52 �, i �9.40_ a.aa 1c�135_1$ 493:42 493.A2 i,925.28 533.53 47T.32 fi p;2S E}:46 d6i.22 972.&G �zz.�� .. �8:52 �53.38 485.3$ 42{1 i96 41��2 517.58 �Q9.5Z 565.5� v?5.6� .569:52 493.42 sos:sz 721.]8 7.�71;UU ��i5.4�, a,on �.UO 'Y;37{}:32 841 �4 };aia.sa 589.'1� i.42'#.5B ' i,D4$.28 '$3,227 +�7 8,55Q.85 6;885.88 �A.�.��L 4,400.,3d 5,86t,4a � _ � �s�.�r 3,906.35 � �.sfl�.�s 3,906.35 - 16,57ff:75 � a.00 %�936.17 3 78�.91 3,78�:9i � �.7sQ:�� ;±��'Lf91.53 9,659:47 d,fi7$.71 d.Q[1 3.536.�2 2.857.U8 x,s��.a$ 2,87'f:93 _ �a;775.$9 3,721.20 3,�2T'41 �3,165:70 ' 3��BB.UB 3,906-35 3,9tlG 3S A�Q29�79 �.9[�6<35 . �,78�=91 3,9Qfi.35 5,529.Q1 7;750.99 a,s7i.�� �.00 o.ao 1{�,�C15.75 _6 464 84 - 3'�;322.7fi T,521.37' 1 Q,898.81 8,09&.8fi �a��a `�i� ��as�o 737fi1 HIGf-M7,4Y 13 � i3759 HIG!-ANAY '{'f 3; 45?45 5AN LUIS REY RV. 73740 �L PASEO 737� EL PASEO z38o7 HIGFfWRY ii1 738�.5 HIQMNRY ii7 7�85'1 1-Il,r",,FI`,M1IRY tt9 73861 HICsHVilAY.311 73873, Hf6HVVRY, 11 f 7389'!, HICsHINf�I" 7 Y1 73965 J=iIGHNTAY iT1, 73981 1�IGHVNAY 1 ] 1. 7390Q � L I�AS EO T399Q EL PA5E0 'I392[� � L PASEfl 73936. EL PASEa 7394U EL PRS�A 739v� EL PA5�0 73925. 4HC�,FFNAY `1 ]'1 13890 EL PAS�O 73885 HIGHWAY 11h 4521i P�F2TQIAl�11E �3990 E1�P,AS�� •- 73941 H[GHWP,Y 11i 7382�. �CL PRS�Q- 73833 'F�IGHINRY •1 ] i 73970 EL PA5E0 T3993 HIGHV+IAY 911 n� [Le ta mundvig, tatals rr�y not add up !o 5238,588. 9ourees: I�verside Cc�unty 5ecured Ro1Y V1�i9dan Fn�eial5ervaees 553,281.15 515�,45G.3x� , 33i,250.58 5239,588.U9 2d17120'18 President's P�aza Praperfy and 6usin�ss Imprvriemeni District Page C-2