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HomeMy WebLinkAboutRes 06-45 thru 06-48 President's Plaza III PBIDCITY OF PALM DESERT DEVELOPMENT SERVICES STAFF REPORT REQUEST: Approval to Initiate the Proceedings to Re-form the Presidents' Plaza III Property and Business Improvement District SUBMITTED BY: Martin Alvarez, Senior Management Analyst DATE: April 13, 2006 CONTENTS: Table 5 (Annual Assessments) Resolution No.(s) 06-45 , 06-46 , 06-47 , 06-48 Preliminary Management District Plan Preliminary Engineer's Report Site Map Recommendation: Waive further reading and adopt: 1. Resolution No. 06-4s, initiating proceedings for the formation of Presidents' Plaza III Property and Business Improvement District. 2. Resolution No. 06-46 , describing the proposed improvements and services and approving the Preliminary Management District Plan for the Presidents' Plaza III Property and Business Improvement District. 3. Resolution No. 06-47 , granting preliminary approval of the Engineer's Report regarding the formation of the Presidents' Plaza III Property and Business Improvement District; and 4. Resolution No. 06-48 , declaring the intention to form the President's Plaza III Property and Business Improvement District, the levy of assessments, and the call for an assessment ballot proceeding to submit to the qualified property owners within such district the question of levying such assessments commencing with Fiscal Year 2006/07. Staff Report Presidents' Plaza III Business Improvement District Page 2 of 3 April 13, 2006 Executive Summary: The Presidents' Plaza III Property and Business Improvement District was established in 2001 for a five-year term and budget. The District is in its fifth and final year of the term. The District includes 16 properties located on the south side of Highway 111 and on the north side of El Paseo, between Highway 74 and Sage Lane. The City collects annual assessments to pay for services such as landscape maintenance, street sweeping, and parking lot lighting within the common parking lot areas. In February of 2006, Staff circulated the draft District Management Plan and a petition to all 16 property owners seeking their approval to re-form the district. A majority of the petitions were signed and returned in favor of proceeding with the re- formation of the Presidents' Plaza III District for another five-year term. The annual assessment per parcel is proposed to increase from .0530 cents per parcel square foot to .0722 cents per square foot, starting FY 2006/2007. In order to proceed with the re-formation of the District, the City Council may approve a series of resolutions that would allow the City to: 1) Initiate the proceeding to re-form the district; 2) Grant preliminary approval to the Management District Plan and Engineer's Report (i.e. 5-year budget and annual assessments each property; 3) Call for a property owner ballot proceeding; and 4) Set a public hearing for June 8, 2006, to declare the ballot results. Background: The Presidents' Plaza III Property and Business Improvement District is located on the south side of Highway 111 and on the north side of El Paseo, between Highway 74 and Sage Lane. The District was established in 2001 for a five-year term and budget and includes, but is not limited to, funding the following common services within the parking lot area: • Landscape Maintenance 1 • Street Sweeping • Utilities (Water) • Reserve Fund (Parking Lot Reslurry) • Street Lighting 1 • Administration The District is in its fifth and final year of the term and renewal of the District is necessary to continue to provide the administration of the parking lot area maintenance. Discussion: Staff proposes to re-form the District for another five-year term. In February of 2006, Staff circulated a petition and the Preliminary Management District Plan to all 16 Staff Report Presidents' Plaza III Business Improvement District Page 3 of 3 April 13, 2006 property owners located within the District. The District's Management Plan outlined the location of the district, the new five-year budget, and the proposed annual assessment for each property. As required by the Property and Business Improvement District regulations, a majority of the property owners returned the petition in favor of proceeding with the re-formation of the district. The next step in the formation process requires that the City Council adopt a series of resolutions to accomplish the following: 1) Initiate the formation of the Presidents' Plaza III Property and Business Improvement District. 2) Grant preliminary approval of the Business Management Plan and Engineer's Report (FY 2006/07- FY 2010/11). 3) Approve a property owners' ballot proceeding for the formation of the district and set a public hearing date of June 8, 2006, to declare the results. The five-year budget has been established with up to a three percent cost of living adjustment, if applicable. The annual levy for each property is based on the each parcel's square footage. Starting Fiscal Year 2006/2207, the annual assessment per parcel is proposed to increase from .0530 cents per parcel square foot to .0722 cents per square foot. Table 1 outlines each district's maximum proposed annual levy (see attached). Conclusion: With the proposed annual levies, reserves, and cost of living adjustments, the district can be maintained to City standards and be self-supporting for a five-year term. Therefore, Staff recommends that the City Council adopt the attached resolutions, authorizing the balloting of all property owners and scheduling of a public hearing on June 8, 2006, to declare the results. Depprtment He Homer Cro}) ACM for De lopment Services Submitted By: Martin Alvarez Senior Management Analyst Approval: -Carlos L. 0 City Manage Paul Gibson Director of Finance • Table 5: Assessment Roll 8 E (V C E o E o % a.y @ 2 d N 2 a y } w LL Q y r. O w. n Ni m O V M N O tO N M 00 (fl r M (h O. C C CT)OO CO CO OD CO tO 00Yr CD 00r- CD 00 r OO a,2A r r �t CO CO W CO (O r- M M N N Ul N (0 M r a E p N N M M M r- N M r- .4N N) p C.) N ci 3 y } V u LL Q Q En (n Os) EA Cn (n f» vi of V> E» (n (n cn 69 Cn C» O CO CO CO CO CO aO O V CO O N N N O CO O N M T m M r a) (n O N r 0 0 O) (O Cn 0 V O O M r- N O Cn N Cl co co r M r- C 6) 00 (O CO CO M to 00 st O M In O OD r CO r r v OD W 00 CO O r- CO M N n N to M r N N M CO M r- N M r- V M 0 0- O CO O CO CO 00 00 O V CO O N N N O OD O N M V O) M r C) (0) O N r 0 0 O) (O tD O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O O O O O O O O O O O O O O O O O O' O M O O W Ofl V r- O M CV r) N O 6CD M V O CO M CO01 M r N COO M Kt (I) ornrnrn(nrn00 mN tnrr-v_oovrn(o rn r- M r- r- r- r- M V V r- M V N CO (f) V' CO) CI)V r000000>->-)-0 9 ?) ?) OD Cn CO (n CO CO ? » OD 3 -I --I J J J--I I I W W W W W W I I W W) (n r- O O O 0 O O r- r- to O r r- O Or co (nC V ON V 0) N N r- r- O M M 00 00 00 00 00M M N M M r- r r r r- r r r r r r r 73080 EL PASEO 73155 HIGHWAY 111 73185 HIGHWAY 111 z 0 0 ZCO fY C W 0 (n Z CC W = 0 zz- I-c CI CC z >>0 -Li CC z 0 > O Zzz �Z(na$ W z z Q D QN o. QQ- LZ� & ‹C�UQ H H C)Q J U Z a W W W— CO W d' W CC W W W H QOLw0wa2E m�00QQ w 0 0 o Z el- x 0 0 0 I W OF_Z W QOa �U00�} ZZW(n-IOW FL 4 U. W-2ZL ��d<or2!<c)6) Q�2CC Q Q J I Q-,>- J Z D U Q a Q Q I O 0 W CC 0 S J W I.L -, Z-) W W 0-) 73130 EL PASEO K 2 cn(nozmOccaon 0—(n0 41 (D Cn V' O N M Cr M V N (D r CO O) 0 d 0 0 N N N N N M CO 01 M M VI CM rt O E 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N 3 N N N CV N CV N (V N CV CV (V N N N w Z a) CD CD CD (n o) a) rn 0) (n (n rn D) CD a) CD (0 d (0 V r- r rL rL N r- r- t` r r- r= N- F- N r= rt Q N N N N N N N N N N N N N N N N CO O CO 60 (D OD (D (D CO a)O CO O CD CO CO CO Z O CD V O N M Cr M V N (O r 00 CD O QCD CDN N N N N M M 00 M M M 0, 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N N N N N N N N N N N N N N N N O) CD Cn Cn CD O) O) CD Cn Cn O) O) O CD O) Q) r r r r r r- r- r r r r r- r r r- r N N N N N N N CV.CV N N N N N N N CO O CO CO M (O (D OD (D M M (O Cfl OD O (O Zr- N M V (n O r W (n CD.- N 0) Lc) co Q O H n Due to rounding, totals may not add up to $32,783. Sources: Riverside County Secured R uniFinancial RESOLUTION NO. 06-45 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, INITIATING PROCEEDINGS FOR THE FORMATION OF THE PRESIDENT'S PLAZA III PROPERTY AND BUSINESS IMPROVEMENT DISTRICT, AND THE LEVY AND COLLECTION OF ASSESSMENTS, PURSUANT TO THE PROVISIONS OF PART 7 OF DIVISION 18 OF THE CALIFORNIA STREETS AND HIGHWAYS CODE The City Council of the City of Palm Desert, California (hereafter referred to as the "City Council") does resolve as follows: WHEREAS, The City Council desires to initiate proceedings for the formation of President's Plaza III Property and Business Improvement District (hereafter referred to as the "District") pursuant to the provisions of the Property and Business Improvement District Law of 1994, Part 7 of Division 18 of the Streets and Highways Code of California (hereafter referred to as the "Act"), formation of a business improvement district, and the levy and collection of assessments by the County of Riverside for the City of Palm Desert to pay for the Improvements and Activities as described in the Preliminary Engineer's Report and the Management District Plan; and, WHEREAS, Pursuant to the Act, a written petition of the property owners within the District, representing more than 50 percent of the proposed assessment to be levied, has been presented to the City Council; and, WHEREAS, The City Council has retained MuniFinancial for the purpose of assisting with the formation of the District and establishment of the assessments, and to prepare and file a Management District Plan with the City Clerk in accordance with the Act; and in accordance with the requirements of the California Constitution, Articles XIIIC and XIIID to prepare and file an Engineer's Report with the City Clerk; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PALM DESERT DOES HEREBY RESOLVE AS FOLLOWS: 1. The above recitals are true and correct. 2. The City Council hereby orders MuniFinancial to prepare and file with the City Clerk the Preliminary Engineer's Report and the Management District Plan concerning the formation and establishment of assessments for the District in accordance with the Act. 3. Proposed improvements: The improvements within the District are more specifically described in the Preliminary Engineer's Report and the Management Plan attached hereto and incorporated herein by reference. 4. Boundaries and Designation: The District consists of all parcels located in the commercial business area known as the President's Plaza III within the City of Palm Desert. The territory is within the City of Palm Desert, within the County of Riverside, RESOLUTION NO. 06-45 State of California. The proposed district is designated as: "President's Plaza III Property and Business Improvement District." PASSED, APPROVED, AND ADOPTED at a regular meeting of the Palm Desert City Council, held on this day of , 2006, by the following vote to wit: AYES: NOES: ABSENT: ABSTAIN: ATTEST: RACHELLE D. KLASSEN, CITY CLERK CITY OF PALM DESERT, CALIFORNIA JIM FERGUSON, MAYOR 2 RESOLUTION NO, 06-46 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, DESCRIBING PROPOSED IMPROVEMENTS AND SERVICES, AND APPROVING PRELIMINARY MANAGEMENT DISTRICT PLAN REGARDING THE PROPOSED FORMATION OF THE PRESIDENT'S PLAZA III BUSINESS IMPROVEMENT DISTRICT, AND THE LEVY AND COLLECTION OF ASSESSMENTS, PURSUANT TO THE PROVISIONS OF PART 7 OF DIVISION 18 OF THE CALIFORNIA STREETS AND HIGHWAYS CODE The City Council of the City of Palm Desert, California (hereafter referred to as the "City Council") does resolve as follows: WHEREAS, The City Council pursuant to the provisions of the Property and Business improvement District Law of 1994, Part 7 of Division 18 of the Streets and Highways Code of California (hereafter referred to as the "Act"), did by previous Resolution, initiate proceedings for the formation of the President's Plaza III Property and Business Improvement District (hereafter referred to as the "District"), pursuant to the provisions of the Act, and did order the preparation of a Management District Plan for said District, and WHEREAS, The City Council has retained MuniFinancial, for the purpose of assisting with the formation of the District and establishment of the assessments, and to prepare and file a Management District Plan with the City Clerk in accordance with the Act; and in accordance with the requirements of the California Constitution, Articles XIIIC and XIIID, and WHEREAS, MuniFinancial has presented to the City Council the Preliminary Management District Plan, which is incorporated herein by reference, and WHEREAS, The City Council has carefully examined and reviewed the Management District Plan as presented, and is satisfied with the District, each and all of the budget items and documents as set forth therein, and is satisfied that the assessments have been spread in accordance with the special benefits received from the improvements, operation, maintenance and services to be performed within the District, as set forth; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PALM DESERT DOES HEREBY RESOLVE AS FOLLOWS: 1. The above recitals are true and correct. 2. That the Management District Plan as presented, and consisting of the following: a. A Description of Improvements and services to be provided by the District RESOLUTION NO. 06-46 b. The Annual Budget (Estimates of Costs and Expenses of Services, Operations and Maintenance); c. The District Roll containing the Levy of Assessments for each Assessor Parcel within the District; and, d. A Boundary Map for the boundaries of the District. PASSED, APPROVED, AND ADOPTED at a regular meeting of the Palm Desert City Council, held on this day of , 2006, by the following vote to wit: AYES: NOES: ABSENT: ABSTAIN: ATTEST: RACHELLE D. KLASSEN, CITY CLERK CITY OF PALM DESERT, CALIFORNIA JIM FERGUSON, MAYOR 2 RESOLUTION NO, 06-47 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, TO PRELIMINARILY APPROVE AN ENGINEER'S REPORT FOR THE PRESIDENT'S PLAZA HI PROPERTY AND BUSINESS IMPROVEMENT DISTRICT, FISCAL YEAR 2006/2007 The City Council of the City of Palm Desert (hereafter referred to as the "City Council") does resolve as follows: WHEREAS, the City Council has retained MuniFinancial for the purpose of assisting with the Annual Levy of the President's Plaza III Property and Business Improvement District (hereafter referred to as the "District"), and to prepare and file an Engineer's Report (hereafter referred to as the "Report") with the City Clerk in accordance with the provisions of California Constitutional Articles XIIIC and XIIID; and, WHEREAS, there has now been presented to this City Council the Preliminary Engineer's Report as required by California Constitutional Articles XIIIC and XIIID; and, WHEREAS, this City Council has carefully examined and reviewed the Report as presented, and is preliminarily satisfied with the District, each and all of the budget items and documents as set forth therein, and is satisfied that the levy amounts, on a preliminary basis, have been spread in accordance with the special benefit received from the improvements, operation, maintenance and services to be performed within the District, as set forth in said Report; and, NOW, THEREFORE BE IT RESOLVED, DETERMINED, AND ORDERED BY THE CITY COUNCIL FOR THE DISTRICT, AS FOLLOWS: Section 1: Engineer's Report: The City Council hereby orders MuniFinancial to prepare and file with the City Clerk the Engineer's Report concerning the levy of assessments for the District for the fiscal year commencing July 1, 2006, and ending June 30, 2007, in accordance with California Constitutional Articles XIIIC and XIIID. Section 2: Proposed improvements and any substantial changes in existing improvements: The improvements within the District include: landscaping, lighting, and street sweeping. The Engineer's Report describes all the improvements and any substantial changes in existing improvements. Section 3: That the "Engineer's Report" as presented, consists of the following: a) A Description of Improvements. b) The Annual Budget (Costs and Expenses of Services, Operations and Maintenance). c) The Method of Apportionment. RESOLUTION NO. 06-47 Section 4: The "Engineer's Report" as presented is hereby approved on a preliminary basis, and ordered to be filed in the Office of the City Clerk as a permanent record and to remain open to public inspection. Section 5: That the City Clerk shall certify to the passage and adoption of this Resolution and the minutes of this meeting shall so reflect the presentation of the Report. Section 6: Intention: The City Council hereby declares its intention to seek the annual levy and collection of assessments within the District pursuant to the Act, over and including the land within the District boundary, and to levy and collect assessments on all such land to pay the annual costs and expenses of the improvements and services described in Section 4 of this Resolution, for Years 2006/2007 through 2010/2011. Section 7: District Boundaries: The boundaries of the District are as described in the Engineer's Report and are consistent with the boundaries established and described in the Management District Plan, on file with the City Clerk, and incorporated herein by reference. The District is within the boundaries of the City of Palm Desert, within the County of Riverside, State of California and includes the territory referred to as the "President's Plaza III Property and Business Improvement District". Section 8: Proposed Assessment Amounts: For Fiscal Year 2006/2007, the proposed assessments outlined in the Engineer's Report and Management District Plan will be submitted for approval to the property owners. As such, the proposed assessment is new, and does require property owner approval for an increase in accordance with the requirements of the California Constitution, Articles XIIIC and X111D. 2 RESOLUTION NO. 06-47 PASSED, APPROVED, AND ADOPTED at a regular meeting of the Palm Desert City Council, held on this day of , 2006, by the following vote to wit: AYES: NOES: ABSENT: ABSTAIN: ATTEST: RACHELLE D. KLASSEN, CITY CLERK CITY OF PALM DESERT, CALIFORNIA JIM FERGUSON, MAYOR 3 RESOLUTION NO. 06-48 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, DECLARING THE CITY'S INTENTION TO FORM THE PRESIDENT'S PLAZA III BUSINESS IMPROVEMENT DISTRICT, AND LEVY AND COLLECT ASSESSMENTS, PURSUANT TO THE PROVISIONS OF PART 7 OF DIVISION 18 OF THE CALIFORNIA STREETS AND HIGHWAYS CODE, AND CALL FOR AN ASSESSMENT BALLOT PROCEEDING TO SUBMIT TO THE QUALIFIED PROPERTY OWNERS WITHIN SUCH DISTRICT THE QUESTION OF ESTABLISHING AN ASSESSMENT RANGE FORMULA FOR SUCH DISTRICT AND LEVYING SUCH ASSESSMENTS FOR SUCH DISTRICT WHEREAS, The City Council pursuant to the provisions of the Property and Business Improvement District Law of 1994, Part 7 of Division 18 of the Streets and Highways Code of California (hereafter referred to as the "Act"), did by previous Resolution, initiate proceedings for the formation of the President's Plaza III Property and Business Improvement District (hereafter referred to as the "District"), pursuant to the provisions of the Act, and did order the preparation of a Preliminary Engineer's Report and Management District Plan for said District, WHEREAS, The City Council has retained MuniFinancial for the purpose of assisting with the formation of the District and establishment of the assessments, and to prepare and file an Engineer's Report and Management District Plan with the City Clerk in accordance with the Act; and in accordance with the requirements of the California Constitution, Articles XIIIC and XIIID, and WHEREAS, MuniFinancial has presented to the City Council the Preliminary Engineer's Report and the Management District Plan, which are incorporated herein by reference, and WHEREAS, The City Council has, by previous resolution, approved the Preliminary Engineer's Report and the Management District Plan, which contain a full and detailed description of the improvements and services, the boundaries of the District, the estimated costs of improvements and services, and the proposed assessments upon assessable Tots and parcels within the District; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PALM DESERT DOES HEREBY RESOLVE AS FOLLOWS: 1. The above recitals are true and correct. 2. The City Council hereby declares its intention to form the District and levy and collect assessments within the District, pursuant to the Act, to pay the annual costs of the services and improvements, as described in the Preliminary Engineer's Report and the RESOLUTION NO. 06-48 Management District Plan. The City Council has determined at this time to call an assessment ballot proceeding. 3. Callinq an assessment ballot proceeding: Pursuant to California Constitution Articles XIIIC and XIIID, an assessment ballot proceeding is hereby called on behalf of the District on the matter of establishing assessments on the properties within the District. 4. The assessment ballot proceeding for the District on the matter of authorizing the levy of the assessments, pursuant to California Constitution, Article XIIID, Section 4 consists of a ballot, included with the mailed notice required by Government Code Section 54954.6, distributed by mail, to the property owners of record within the District as of the close of the Intent Meeting. Each property owner's ballot is weighted by the amount of their assessment. Each property owner may return the ballot by mail or in person to the City Clerk not later than the conclusion of the Public Hearing on June 8, 2006. The Public Hearing is scheduled to begin on Thursday, June 8, 2006, at 4:00 p.m., at the City Council Chambers, 73-510 Fred Waring Drive, Palm Desert. At the close of the Public Hearing, the City shall tabulate the ballots to determine if a majority protest exits. The ballots shall be weighted according to the proportional financial obligation of the affected property. A majority protest exists if, upon the conclusion of the hearing, ballots submitted in opposition to the assessment exceed the ballots submitted in favor of the assessment. 5. District Boundaries: The boundaries of the District are as described in the Engineer's Report and the Management District Plan, which is incorporated herein by reference. The District is designated as "President's Plaza III Property and Business Improvement District." 6. Description of Services and Improvements: The services and improvements within the District are specifically described in the Engineer's Report and the Management District Plan, which are incorporated herein by reference. 7. Proposed Assessment Amounts: The proposed assessments are detailed in the Engineer's Report and the Management District Plan, which also detail the assessment range formula. 8. Public Hearing(s): The City Council hereby declares its intention to conduct a Public Hearing concerning the levy of assessments for the District in accordance with Government Code, Section 54954.6 and California Constitution, Article XIIID, Section 4(e). 9. Notice. The City Council shall cause the resolution of intention to be published in a newspaper of general circulation in the City once, at least ten days before the public meeting and at least ten days before the public hearing. Property owners will be provided a mailed assessment ballot for the proposed assessment. Ballots must be 2 RESOLUTION NO. 06-48 received prior to the conclusion of the Public Hearing, after which they will be tabulated. Any District property owner may file a written protest regarding the District formation with the City Clerk prior to the conclusion of the hearing, or, having previously filed a protest, may file a written withdrawal of that protest. A written protest shall state all grounds of objection and a protest by a property owner shall contain a description sufficient to identify the property owned by such property owner. At the meeting and the hearing, all interested persons shall be afforded the opportunity to hear and be heard. 10. Notice Of Public Hearing. Notice is hereby given that a Public Hearing on these matters will be held by the City Council on Thursday June 8, 2006 at 4:00 P.M., in the City Council Chambers, located at 73-510 Fred Waring Drive, Palm Desert. 11. The City Clerk is hereby authorized and directed to give notice of such hearing as provided by law. PASSED, APPROVED, AND ADOPTED at a regular meeting of the Palm Desert City Council, held on this day of , 2006, by the following vote to wit: AYES: NOES: ABSENT: ABSTAIN: ATTEST: RACHELLE D. KLASSEN, CITY CLERK CITY OF PALM DESERT, CALIFORNIA JIM FERGUSON, MAYOR 3 Del PALM DESERT CITY OF PALM DESERT PRESIDENT'S PLAZA III PROPERTY AND BUSINESS IMPROVEMENT DISTRICT RENEWAL PRELIMINARY ENGINEER'S REPORT FISCAL YEARS 2006/2007 TO 2010/2011 Intent Meeting: Public Hearing: April 13, 2006 June 8, 2006 g MuniFinancial Corporate Office 27368 Via Industria Suite 110 Temecula, CA 92590 Tel: (951) 587-3500 Tel: (800) 755-NIU\I (6864) Fax: (951) 587-3510 Office 1 _ovations _\naheim, C.\ Lancaster, C.\ Los Angeles Regional Office Seattle, \X'_\ www.muni.com Oakland, CA Phoenix, _\Z Sacramento, C:\ San Diego, CA ENGINEER'S REPORT AFFIDAVIT City of Palm Desert Alessandro Alley Property and Business Improvement District City of Palm Desert Riverside County, State of California This Report describes the District and defines improvements, budget and method of assessment apportionment, and the parcels proposed to be levied for Fiscal Year 2006/07 as they existed at the time of the passage of the Resolution of Intention. Reference is hereby made to the Riverside County Assessor's maps for a detailed description of the lines and dimensions of parcels within the District. The undersigned respectfully submits the enclosed Report as directed by the City Council. Dated this day of , 2006. viunil inancial Assessment Engineer On Behalf of the City of Palm Desert By: Richard Kopecky R.C.L.#16742 TABLE OF CONTENTS OVERVIEW 1 Introduction 1 Formation 1 DESCRIPTION OF THE DISTRICT 3 District Boundary 3 Improvements and Activities 3 Special Benefits of the Improvements and Activities 4 METHOD OF APPORTIONMENT 6 Method of Apportionment Rationale 6 Parking Lot Improvements and Services 6 Method of Apportionment Calculations 6 Apportionment of Direct Costs 6 Apportionment of Indirect (Administration/Reserve) Costs 7 Total Annual Assessment 7 Annual Budget Adjustments 8 DESCRIPTION OF BUDGET ITEMS 9 Direct Benefit Costs 9 Indirect Benefit Costs (Administration/Reserves) 9 Levy Breakdown 10 District Statistics 10 District Budget 11 APPENDIX A -ASSESSMENT DIAGRAM A-1 APPENDIX B -ASSESSMENT ROLL B-1 City of Palm Desert OVERVIEW President's Plana 111 MID Renewal Preliminary Engineers Report FY 2006 /2007 i NTRDDUDTIDN The City of Palm Desert ("City") formed and established the President's Plaza IIi Property and Business Improvement Assessment District ("District") beginning in Fiscal Year 2001/2002 to provide improvements and activities that confer special benefits upon real property within the boundaries of the District. The District was established and levied pursuant to Property and Business Improvement District Law of 1994, Part 7 of Division 18 of the California Streets and Highways Code (the Act). Pursuant to the Act, property owners within the District submitted a signed petition requesting formation of the District. The District vas successfully formed for a term of five years and a maximum assessment was approved by the property owners through an assessment ballot proceeding, conducted according to provisions of the California Constitution Article XIIID ("Proposition 218"). Fiscal Year 2005/2006 is the last year of the term of the District. Under the provisions of the Act, the property owners within the District may renew the District for a maximum term of ten (10) years. The renewal process is the same as that of the original formation. "Therefore, the preparation of this updated Engineer's Report is the first step in satisfying these requirements. Pursuant to the Act, the City proposes to annually levy and collect assessments to provide funding for improvements and activities authorized within the District for a period of five years (Fiscal Years 2006/2007 through 2010/2011). This Engineer's Report ("Report") describes the District, improvements and activities, method of apportionment, the proposed assessments for the current fiscal year, and the maximum assessment proposed for the five-year duration of the renewed District. The proposed assessments are based on the estimated cost to provide the improvements, activities, and operations that provide a direct and special benefit to properties within the District. The costs of improvements, activities, and operations include all expenditures, deficits, surpluses, revenues, and reserves. The word "property," for the purposes of this Report, refers to real property situated within the District, and identified as an individual property or parcel assigned its own Assessor's Parcel Number (APN) by the County of Riverside Assessor's Office. The County of Riverside Auditor/Controller uses APNs to identify on the tax roll parcels and properties assessed for taxes, special assessments, and fees and charges. FORMATION A written petition of the property owners within the District, representing more than 50 percent of the proposed assessment to be levied must be submitted to the Palm Desert City Council in order to proceed with the District formation. After the required signatures have been gathered, the City Council may initiate proceedings for the renewal of the District by adopting a resolution expressing its intention to renew the District. The resolution of intention will reference the Engineer's Report and the :Management District Plan, and will notice the time and place of a public hearing on the re-establishment of the District and levy of assessments. MuniFinancial Page 1 City of Paler Desert President's Plaza III PBID Renewal Preliminary Engineer's Report FY 2006/2007 Within 90 days of adopting the resolution of intention, the City- Council may hold a public hearing on the matter, and cause notice to the property owners pursuant to Section 54954.6 of the Government Code. Assessment ballots (property owner protest ballots) would be mailed to each property owner at least 45 days prior to the public hearing pursuant to Article XIIID oftlhe CalOwia Constitution. At the public hearing the City Council may provide the public and property owners an opportunity to provide oral protests and written protests prior to the adoption of the Engineer's Report and the Management District Plan. Pursuant to the California Constitution Article XIIID, the City Council will tabulate property owner assessment ballots received from property owners to determine whether majority protest exists. This tabulation will occur after the close of the Public Hearing. If the property owners approve the renewal of the District and imposition of new assessments, the City Council will appoint an owners' association for the District. This owners' association shall make recommendations to the City Council on the expenditures of revenue derived from the levy of assessments and on the classification of properties as applicable. This owners' association shall cause to be prepared a report each fiscal year for which assessments are to be levied and collected. Said annual report shall be filed with the City Clerk and shall contain: any proposed changes to the district boundary; the improvements and activities to be provided that year; the estimated costs for that year; the method of assessment; the amount of any surplus or deficit; and contributions from other sources. The City Council may approve the report as submitted or as modified. MuniFinancial Page 2 City Of Palm Desert Pre iilent,_ Plaza HI PBID Renewal R port l 2CC6 2w0 / DESCFR1PTION OF THE DISTRICT DISTRICT BOUNDARY "1'he District consists of all parcels located in the commercial business area known as the President's Plaza 111 within the Cite of Palm Desert, County of Riverside. The District includes sixteen (16) assessed commercial parcels. The boundary of the District and the parcels therein are generally located South of Palm Desert. Drive at Highway 111; North of El Paseo; \Vest of Sage Lane; and East of Old Highway 74, and includes the Palm Desert Parking Lot — lease parcel to the City of Palm Desert located South of Highway 111; East of New I lighway 74; and \Vest of Old I Iighwav 74. IMPROVEMENTS AND ACTIVITIES In an effort to enhance and improve business opportunities and the appearance of the area known as the President's Plaza III, the Agency provided funds for the renovation and capital improvement of the parking lot and landscaped areas related to this commercial business center. In conjunction with this renovation, President's Plaza III Property and Business Improvement District was formed in 2001 to provide and ensure the continued operation and maintenance of the improvements after the renovations had been completed. Should be District be renewed by the property owners for another five (5) year term, the assessments generated will continue this maintenance. In December 2005, the District paid for the slurry sealing, re -striping and repair of the parking lot through reserve funds that had been accumulated during the first five years of the term of the District. It has been determined that all the properties within the District receive special and distinct benefits from the improvements and activities to be funded through the assessments. The improvements include all necessary activities, services, operation, administration, and maintenance required to keep the improvements in satisfactory condition including all necessary labor, material, and equipment. The services may include, but are not limited to, regular maintenance, repair, removal or replacement of all or any part of the improvements including removal of trimmings, rubbish, debris and other solid waste; and, providing for the growth, health and beauty of landscaping and lighting including cultivation, trimming, spraying, fertilizing or treating for disease or damage as well as supplying necessary irrigation and electrical energy. The specific improvements and activities include: • Parking lot landscaped areas: including, but not limited to, ground cover, shrubs, trees, plants, irrigation and drainage systems and associated appurtenant facilities; • Parking lot lighting facilities: including, but not limited to, bulbs, fixtures, poles, wiring, and electrical energy; and, • Debris removal: including, but not limited to, regular mechanical sweeping of the parking lot. MuniFinancial Page 3 City of Palm Desert President's Plaza 111 PRID Renewal Preliminary Engineer': Report FY 2C06/2C07 The costs associated with the improvements are equitably spread among all benefiting parcels within the District utilizing the method of apportionment described in the Method of Apportionment section of this Report. The total funds collected shall be dispersed and used for only the services and operations provided to the District. SPECIAL BENEFITS OF THE IMPROVEMENTS AND ACTIVITIES All assessed properties within the District receive special benefits from one or more of the improvements and activities funded through the District assessments. Specifically, lighting and landscaping amenities within the parking lot, and regular sweeping of the parking lot. The special benefits of lighting (parking lot lights) are the convenience, safety, and security of property, improvements, and goods. Specifically: 1. Enhanced deterrence of crimc and the aid to police protection; Increased nighttime safety for patrons and employees; 3. Improved visibility for pedestrians and motorists; 4. Improved ingress and egress to property; 5. Reduced vandalism and other criminal acts and damage to improvements or property; 6. Enhanced aesthetic appeal of the parking area and the properties that are associated with the parking area; 7. Increased promotion of business activities and opportunities during nighttime hours; and, 8. The special enhancement to the value of property which results from the above benefits. The benefits associated with landscaped islands and medians within the parking lot are specifically: 1. Improved aesthetic appeal of the parking area and nearby parcels; 2. Improved dust control; 3. Enhanced adaptation of the urban environment within the natural environment; 4. Improved traffic circulation; 5. A positive representation of the businesses within the District; 6. Centralized locations for refuse collection facilities; and, 7. The special enhancement to the value of property which results from the above benefits. MuniFinancial Page 4 City of Pahn Desert Preident'. Plaza III PBTD Rent>zz.al Preliminary Engineer's Report f'Y 2006/2C07 Parking lot sweeping is an essential and necessary activity for all properties —particularly commercial properties. This improvement is funded through the assessments solely for the special benefit of properties within the District. The benefits associated with this service arc: 1. Enhanced aesthetic appeal of the parking area and the properties that arc associated with the parking area; 2. Improved dust control; 3. The special enhancement to the value of property which results from the above benefits. The on -going operation and maintenance of the landscaping, lighting and sweeping improvements provide no measurable general benefit to other properties outside the District or to the public at large. "Therefore, these improvements and the corresponding assessments have been identified as 100°%o special benefit to parcels within the District. MuniFinancial Page 5 City of Palm Desert METHOD OF APPORTIONMENT President': Plaza III PBID Renewal Preliminary Engineer's Report I'Y 2006/2007 METHOD OF APPORTIONMENT RATIONALE The costs of the District improvements have each been apportioned by a formula and method which fairly distributes the net amount to be assessed among all assessed parcels in proportion to the estimated special benefits to be received by each parcel from the improvements. PARKING LOT IMPROVEMENTS AND SERVICES All assessed parcels within the President's Plaza III PBID have use of, and access to, a centralized parking facility (lot) that provides access, parking, and delivery areas for the businesses and parcels within thc District. I3ecause the parking area is a centralized facility used and accessed by all properties within the District, each parcel's benefit is based on the size of such parcel. Therefore, it has been determined that a fair and reasonable reflection of each parcel's benefit for the parking lot improvements shall be based on the approximate size, in square feet, of each parcel. METHOD OF APPORTIONMENT CALCULATIONS The Total Direct Costs of the parking lot improvements and services are apportioned to each parcel within the District based on each parcel's lot size in square feet. In addition to a parcel's Total Direct Cost, each parcel is assessed for District administration expenses and a reserve fund collection (Indirect Costs). The indirect Costs for each parcel have been apportioned in the same manner as 'Total Direct Costs. "Therefore, each parcel's "Total Annual Assessment is the sum of its proportionate share of the 'Total Direct Costs and Total Indirect Costs. APPORTIONMENT OF DIRECT COSTS The Total Direct Costs estimated for parking lot improvements and services (maintenance) are based on thc estimated annual costs to maintain the landscaping, lighting, and mechanical sweeping of the parking lot within President's Plaza I11. These Total Direct Costs, divided by the sum of the square footage of all parcels within the District, establishes a rate per parcel square foot. This rate multiplied by each parcel's square footage equals the parcel's proportionate share of the parking lot maintenance costs (rounded to the nearest even penny). The rate provided in Table 1 is for Fiscal Year 2006/07 only. Please refer to the District Budget (Table 4) for future assessment rates. Total Direct Cost / Total Square Footage = Rate per Square Foot Rate x Parcel Square Footage = Direct Cost Assessment Component MuniFinancial Page 6 City of Palm Desert President's Plaza. 111 PPID Renewal Preliminary Engineer's Report FY 2006/23C7 Table 1: Direct Cost Proposed Assessment and Rate Proposed Direct Proposed Rate Costs for FY (per Square Foot) for 2006-07 FY 2006-07 First Fiscal Year Maximum $ 20.400 S 0.0450 APPCJRTIQNMENT OF' ANDIRECT (ADMINISTRATION/RESERVE) COSTS To ensure the improvements, activities, and services provided and funded through the District are continued, each parcel will be assessed for administrative and reserve costs (indirect Costs). These Indirect Costs include all expenses related to the administration of the District as well as the collection of money towards a Reserve 1-'und. The Reserve Fund Collection is proposed to be slightly over thirty-five percent (3329°/) of the annual Total Direct Costs of the District. Similar to the method of apportionment for 'Total Direct Costs, the District's indirect costs are apportioned to each parcel based on each parcel's lot size in square feet. The rate provided in Table 2 is for Fiscal Year 2006/07 only. Please refer to the District Budget (Table 4) for future assessment. rates. Total Indirect Cost / Total Square Footage = Rate per Square Foot Rate x Parcel Square Footage = Indirect Cost Assessment Component Table 2: Indirect Cost Proposed Assessment and Rate Proposed Proposed Rate Indirect Costs (per Square Foot) for for FY 2006-07 FY 2006-07 First Fiscal Year Maximum S 12,383 $ 0.0272 TOTAL. ANNUAL ASSESSMENT Each parcel's Total Annual Assessment is the sum of their proportionate share of the Direct Costs and Indirect Costs. The preceding description of the method of apportionment outlines the estimated cost and rates applied for the District in the first fiscal year of existence (FY 2006/07). The rate provided in Table 3 is for Fiscal Year 2006/07 only. Please refer to the District Budget (Table 4) for future assessment rates. MYluniFinancial Page 7 City of .Palm Desert President's Plaza 1.11 PB11) Renewal Preliminary Engineer's Report FY 2C06/2007 Direct Cost Rate + Indirect Cost Rate = Total Rate per Square Foot Total Rate x Parcel Square Footage = Total Parcel Assessment Table 3: Total Cost Proposed Assessment and Rate First Fiscal Year Proposed Direct Proposed Rate Costs for FY (per Square Foot) for 2006-07 FY 2006-07 Direct Costs Maximum Indirect Costs Total Costs Maximum $ 20,400 $ 0 0450 $ 12,383 $ 0.0272 $ 32,783 $ 0.0722 ANNUAL BLIOGET ADJUSTMENTS For the five years of the term of the PBID renewal, annual assessments may be adjusted by the President's Plaza III PBID owners' association up to three percent (3%) per year. Actual annual adjustments may range from zero percent (0%) to three percent (30/o). Adjustments may differ from year to year depending on the service needs identified by the owners' association. In any event, assessments will not exceed the levels illustrated by the District Budget (Table 4). Any annual budget surplus or deficit will be accrued into the following year's PBID budget. Assessments will be set accordingly, within the constraints of the annual adjustment, to adjust for surpluses or deficits that are carried forward. 13/ MuniFinancial Page 8 City of Paint Desert President':: Plsza III PRII) Renewal Preliminary Engineer's Report I � Y 2006/2007 DESCRIPTION OF BUDGET ITEMS IN TABLE 4 DIRECT BENEFIT COSTS Sweeping Services: Weekly cleaning of the parking lot and gutters using a contracted, mechanized service. Landscape Contract Maintenance: Includes all regularly scheduled labor, material (e.g. pipe, fertilizer, insecticides), and equipment required to properly maintain and ensure the satisfactory condition of all landscaping, irrigation and drainage systems, and appurtenant facilities. All landscaping improvements within the District are contracted for maintenance and service on a regular basis. The frequency and specific maintenance and operations required within the District will be determined by City staff. Lighting Repair and Maintenance: This item includes repairs that are not normally included in the yearly maintenance contract costs. This may include repair of damaged amenities due to vandalism and storms, as well as planned upgrades which could include replacing lighting materials or renovation of lighting systems. Landscape Repair and Maintenance: This item includes repairs that are not normally included in the yearly maintenance contract costs. 'Phis may include repair of damaged amenities due to vandalism and storms, as well as planned upgrades, which could include replacing plant materials or renovation of irrigation systems. Landscape Utilities -Water: Utility cost to furnish water for required landscape irrigation. Street Lighting Utilities - Electric: The furnishing of electricity required for the operation and maintenance of the lighting facilities. The City contracts for the furnishing of its electricity for street lighting, which includes normal maintenance and bulb replacement. This cost does not include repairs or replacement of damaged facilities due to vandalism, accidents or storms. Landscape Utilities - Electric: Utility cost for furnishing of electricity required for the operation of the irrigation systems and landscape maintenance. INDIRECT BENEFIT COSTS (ADMINISTRATION/RESERVES; District Administration: The cost to all departments and staff of the City, for providing the coordination of District services, operations and maintenance of the District, response to public concerns and education, and procedures associated with the levy and collection of assessments. This cost also includes contracting with professionals to provide additional administrative, legal, or engineering services specific to the District. County Administration Fee: This is the actual cost to the District for the County to collect District assessments on the property tax bills. This charge is based on a flat rate per fund number. MuniFinancial Page 9 City of Palm Desert President's Plaza LTT P13T7) Renewal Preliminary Engineer's Report FY 2006/20 7 County Per Parcel Fee: This is the cost to the District for the County to collect assessments on the property tax bills. This charge is on a per assessment basis, at $0.50 per assessment, and is in addition to the County Administration Fee. Operating Reserve Fund Collection: The Operating Reserve Fund provides for collection of funds to operate the District, for each fiscal year, from the time period of July 1 through January when the County provides the City with the first installment of assessments collected from the property tax bills. The Operating Reserve Fund eliminates the need for the City to transfer funds from non -District accounts to pay for District charges during the first half of FY 2006/07 through FY 2010/11. The Operating Reserve Fund may also be used to offset any unforeseen costs such as repairs, legal fees, revenue deficits, or increased costs due to inflation or contractual agreements that are greater than originally planned. The Operating Reserve Fund Collection amount is slightly less than five percent (4.90 Ya) of the annual "Total Direct Costs of the District in IY 2006/07. Parking Lot Maintenance Fund Collection: The Parking Lot Maintenance Fund provides funds for the scaling and re -striping of the parking lot after the fourth year of the renewal term of the District. The parking lot's total surface area is approximately 184,000 square feet. During December 2005, the District's cost of sealing and re -striping the parking lot was $27,200 (15.5 cents per square foot multiplied by 175,520 square feet of surface area) and its cost of repairs within the parking lot was $24,300 (for 8,500 square feet of surface area); for a total cost of S51,500. The cost of sealing and re -striping the parking lot's total surface area of 184,000 square feet would have been approximately S28,520 (15.5 cents per square foot multiplied by 184,000 square feet of surface area). Insurance: This line item supports insurance costs for the operation of the District. LEVY BREAKDOWN Total District Costs: This is the sum total of all budgeted Direct and Indirect costs. DISTRICT STATISTICS Total Parcels: The total number of parcels within the District. Total Parcels to Levy: The total number of parcels within the District that will be assessed. Ikon -assessed lots or parcels include easements, common areas, and parcels within the boundaries of the District that currently do not benefit from the improvements and which are not included in the Total Parcels to Levy. Total Parcels Square Footage: This is the sum total of the assessed parcels' square footage applied to each assessed parcel within the District. Levy Rate per Direct Costs per Square Foot: This amount represents the Rate for Direct Costs being applied to each assessed parcel's individual lot square footage. The Levy- Rate per Direct Costs is the result of dividing the estimated Total Direct Costs for that year by the sum of the District's Total Parcels Square Footage. The rate is calculated to four decimal places. MuniFinancial Page 10 City of Pahn Desert Presides is PInre [ I PE _TD Renewal t''"i lbninan: E?Z,g ize1'r'F R(2 o; t Levy Rate per Indirect Costs per Square Foot: This amount represents the Rate for Indirect Costs being applied to each assessed parcel's individual lot square footage. The Levy Rate per Indirect Costs is the result of dividing the estimated 'Total Indirect Costs for that year by the sum of the District's Total Parcels Square Footage. The rate is calculated to four decimal places. Total Levy Rate per Square Foot: This amount represents the Rate being applied to each assessed parcel's individual lot square footage. The Levy Rate per Square Foot is the result of dividing the estimated 'Total District Costs for that year by the sum of the District's 'Total Parcel Square Footage. The rate is calculated to four decimal places. DiGTRECT BUDGET The District Budget shown on the following table (Table 4), lists the estimated costs of providing the various improvements and services within the District. The costs and the resulting rates for Fiscal Year 2006/07 through Fiscal Year 2010/11 are based on the estimated costs to provide the improvements and services for each year. Direct Costs, District and County Administration Costs, and Insurance Costs are adjusted for the three percent (3" 0) inflation factor. The owners' association, appointed by the Cite Council, will annually review the District costs and make recommendations for any changes or adjustments to the budget. Changes to the budget could result in changes to the annual assessment but, the resulting total assessment may not exceed the maximum rates established in this Report without first obtaining property owner approval through assessment ballots. MuniFinancial Page 11 City of Palm Desert Table 4: Five Year Budget President's Plaza 111 PEW Renewal Preliminary Engineer's Report FY 2006/2007 Budget Item Actual Proposed Assessment Maximum Proposed Assessment for Fiscal Years FY 2006-07 t11 2006-07 2007-08 2008-09 2009-10 2010-11 Direct Costs Sweeping Services S 4.000 S 4,000 S 4,120 $ 4,244 $ 4.371 $ 4,502 Landscape Contract Maintenance 4,500 4.500 4,635 4,774 4.917 5,065 Lighting Repair & Maintenance 1,200 1.200 1,236 1,273 1,311 1,351 Landscape Repair & Maintenance 3,500 3,500 3,605 3,713 3,825 3,939 Landscape Utilities - Water 2,000 2,000 2,060 2,122 2,185 2,251 Street Lighting Utilities - Electric 4,700 4,700 4,841 4,986 5,136 5,290 Landscape Utilities - Electric 500 500 515 530 546 563 Subtotal Direct Costs $ 20,400 $ 20,400 $ 21,012 $ 21.642 $ 22,292 $ 22.960 Indirect Costs District Administration 3,500 3,500 3.605 3,713 3,825 3,939 County Administration Fee 175 175 180 186 191 197 County Per Parcel Fee 8 8 8 8 9 9 Operating Reserve Fund Collection 1,000 1,000 1,000 1,000 1,000 1,000 Parking Lot Maintenance Fund Collection 6.200 6,200 6.200 6,200 6,200 6,200 Insurance 1.500 1.500 1,545 1,591 1,639 1,688 Subtotal Indirect Costs $ 12.383 $ 12.383 S 12,538 $ 12,699 $ 12,864 $ 13,034 Levy Breakdown Total District Costs 32.783 32,783 33,550 34,341 35,155 35,994 Balance to Levy S 32,783 S 32.783 S 33,550 $ 34,341 $ 35,155 S 35,994 District Statistics Total Parcels 16 16 16 16 16 16 Total Parcels To Levy 16 16 16 16 16 16 Total Parcels Square Footage 453,956 453,956 453,956 453,956 453.956 453,956 Levy Rate per Direct Costs per Sq Ft S 0.0450 S 0.0450 $ 0.0464 $ 0.0478 $ 0.0492 S 0.0506 Levy Rate per Indirect Costs per Sq Ft $ 0.0272 S 0.0272 $ 0.0278 $ 0.0280 $ 0.0284 $ 0.0288 Total Levy Rate per Square Foot $ 0.0722 $ 0.0722 $ 0.0740 S 0.0758 $ 0.0776 $ 0.0794 Operating Reserve Fund Balance Previous Balance - 1.000 2,000 3,000 4.000 Ending Balance 1,000 1,000 2,000 3,000 4,000 5,000 Parking Lot Maintenance Fund Balance Previous Balance - 6.200 12,400 18,600 24,800 Ending Balance 6,200 6,200 12.400 18,600 24,800 31,000 Maximum annual assessments for direct costs, district and county administration and insurance are adjusted by 3% from the previous Fiscal Year for Fiscal Years 2007-08 through 2010-2011. The PBID Advisory Board will determine the amount of any actual increase for those years which may not exceed 3% per year. ''• FY 2006-07 Actuai and Maximum Proposed Assessments are the same. Sources G:ty of Palm Desert; MuniFinancjal MuniFinanciai Page 12 City of Palm Desert President's Plaza 11! PBID Renewal Preliminary Engineer's Report FY 2006/2007 APPENDIX A BOUNDARY MAP The Boundary Map for the District is on the following page and is inclusive of all parcels identified on the County of Riverside Assessor's Parcel Maps as Book 627, Page 192. The Boundary Map will be kept on file with the City Clerk of the City of Palm Desert. For the Public Hearing on this District, the Final Engineer's Report will contain an Assessment Diagram. Page :4-1 MuniFinancial O W cc - '' rn _ Q : E- d Cc JC r F=;n Yip <;n7^H_t C^ i•-wj y7 'J_ ZZ..7, t •J l. U - Cu-m } f -. = i C= Q LL F 7 O LFC. 'n C [� L..O f'n i., i t.L-. C _ C L - U ▪ I j. <. D v v �.'^ w� x_F .... < U ! Cr u..C_C._z:,- _ w a a wC r�"} —.. _1=,,,,u CZ H _0 LE r 0 1- Z cw \w 0 LL �— O co w w Q � m D p O Z CO Q � H Q-a O 0 L.L N Q- 0- PRESIDENT'S PLAZA w< ;74.. w w>O J�U Fe a 0 (L 0 0 w 1-0a Uo) w 1- co N1 } z O U C 2 o F 3OVS 0 w Q d CI z'L LARRY WARD. C( Assessors Parcel No. C r- N (D 627-192-009 0 0) r- N (D 627-192-020 0 Cl N CD 627-192-022 627-192-023 L627-192-024 627-192-033 627-192-034 627-192-035 627-192-036 627-192-037 627-192-038 627-192-039 1 627-192-040 DISTRICT BOUNDARY ASSESSMENT NUMBER 0 0 J w J City of Patin Desert Pre ufenr :s Plaza, tit PBIJ) Renewal Preliminary Engineer's Report .1 1/ 2006/2007 APPENDIX B ASSESSMENT ROLL Parcel identification, for each lot or parcel within the District, shall be the parcel as shown on the County Assessor's Map for the vear in which this Report is prepared. The Assessment Roll, which includes a listing of assessor parcels assessed within this District, along with their assessment amounts, is shown in Table 5 on the following page. Page B-1 jMuniiFinancial President's Plaza III PBID Renewal City of Patin Desert Table 5: Assessment Roll E E 2 4LL 0) N m 3 - O M O O 00 (O 7 .- O OD M a 00 c) N co O C M O M Ir 00 0 co sr 0 M r` N M M 4 (O to orn CnrnrnOor-((nm-v_ vrn(n CD 00))I0L s-O—CM7 a- a- I- .a--Mrf 'It r- MVN(00 (MO V. O (D O 40 (D 00 N O sr 00 O N N N O CO O N M R CA M h O CO O N r O O O) U) 10 O bi OD (0CD 07 CO (O COCOW sr M (OO (D O o Or op n n sr 00 00 00 00 rD m- M M N QI N CO M r N N M M M .-- N M .- s M 4 O (O (O (D (0 CO 00 O sr 00 O N N N O (O C0 N CM O) M G O O N r` O O 0) CO (n O 4 O) O M N O O N M O M M. CD 00 141 O 0 W 4 CD M O o 00 r` 00 P s n a OD 00 00 00 10 M M N CO N (n M r\ N N M M M r- N M .- s N M EA M EA fA EA EA EA d9 EA EA EA COP EA EA EA 69 (if Q o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O CO >-r000000}} .00 o Q a W W W W W W Q a Q W W co Q I a a =_= a -aaan.a--- 0_ 7 °JJJJJJ JJ I I W W W W W W Z= I W W M (O.- OO0000' -r000 • N O co r-00 CD CD N CDCV Sr O M M M 0 M M M P) M 0) 0) M M F Nr-rnrr-r-rnrnrsrn m z 0 co cc w 0 cez ww I 1- rn 1- H CC W z w J Q 0 0 z 0 >- -J 0 z cc rn z 0 1- 0 z 73155 HIGHWAY 111 73185 HIGHWAY 111 73130 EL PASEO ce Z rn O > z w z z a QUact a O W J W W O O • aU� OJZW LL MW aZDoQJaa= W LL-1 Z ) W LL 0 m (D CA Sr CD N M Q 0) (O (D 0) 00 O) O O .13 O O N N N N N M M 0/ M M M M 0 SE 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 N N N N N N N N N N N N N N N N yZ rnrnrnrnrnrnrnrnrnrnrnrnCnrnCnrn N N N N N N N N N N N N N N N N a (D (D cD CO CO co 0c10 (D (D co CO co (D m Z (0 O st0 N M sr ) (O (D N 00 C) 0 M 0 O N N N N N M M M M M M M sf Q 0000000000000000 N N N N N N N N N N N N N N N N 0) 0) O) O) O) O) O) O) 0) 0) 0) 0) O) O) 0) O) Ps r'- r Ps Ps r n n r- r- r- n Ps Ps n r- N N N N N N N N N N N N N N N N O (O (0 (O (O (O CO (O (0 (0 (O CO (0 (0 O (O • ZN M sr CO (D r 00 CO O '- N M sf (() (D (0 Due to rounding, totals may not add up to $32,783. Sources: Riverside County Secured Roll; MuniFinancial u_ 0 1- U w m O w 2 w 2 > 0 2 Om b z 0 m 2 CO k 0 a0- 3-0- PRESIDENT'S PLAZA ( 72. [ j 30VS 0 co o_ PALMS z z LARRY WARD, COUNTY RECORDER Assessors Parcel No. 627-192-009 1 j 627-192-020 1 fl 627-192-023 I_ 627-192-024 \§ 627-192-035 I HH I 627-192-040 I §§ 11.-mn�Ino�00CD0=2QsrLOe j 0 5 ASSESSMENT NUMBER PALM DESER I ,4.:,:fry- 0E- PALM DESER • AiW E.USNESS IMPROVEMENT DJSTRiCT RENEWAL inaz14. 07.qTRG-Pui - . • • - • . A Intent Meeting: Public Hearing: 0 7 ic) 20 "/ 01201 1 TBD TBD MuniFinancial Corporate Office 27368 Via Industria Suite 110 Temecula, CA 92590 Tel: (951) 587-3500 Tel: (800) 755-MUNI (6864) Fax: (951) 587-3510 Office Locations Anaheim, CA Lancaster, CA Los Angeles Regional Seattle, WA www.muni.com Oakland, CA Phoenix, AZ Sacramento, CA San Diego, CA OVERVIEW 1 1 1 DESCRIPTION OF THE DISTRICT 3 District Boundary 3 Improvements and Activities 3 Special Benefits of the Improvements and Activities 4 METHOD OF APPORTIONMENT 6 Method of Apportionment Rationale 6 Method of Apportionment Calculations 6 DESCRIPTION OF BUDGET ITEMS 9 Direct Benefit Costs 9 Indirect Benefit Costs (Administration/Reserves) 9 Levy Breakdown 10 District Statistics 10 District Budget 11 APPENDIX A -ASSESSMENT DIAGRAM A-1 APPENDIX B -ASSESSMENT ROLL B-1 Introduction Formation t F r ffi454•^.R6NarwLr,:+l-¢ "S:163"M.92vzzrnsZE221E sa]aL2 ... i;. L.1 C__+ " ,_: The City of Palm Desert ("City") formed and established the President's Plaza III Property and Business Improvement Assessment District ("District") beginning in Fiscal Year 2001/2002 to provide improvements and activities that confer special benefits upon real property within the boundaries of the District. The District was established and levied pursuant to Property and Business Improvement District Law of 1994, Part 7 of Division 18 of the California Streets and Highways Code (the Act). Pursuant to the Act, property owners within the District submitted a signed petition requesting formation of the District. The District was successfully formed for a term of five years and a maximum assessment was approved by the property owners through an assessment ballot proceeding, conducted according to provisions of the California Constitution Article XIIID ("Proposition 218"). Fiscal Year 2005/2006 is the last year of the term of the District. Under the provisions of the Act, the property owners within the District may renew the District for a maximum term of ten (10) years. The renewal process is the same as that of the original formation. Therefore, the preparation of this updated Management District Plan is the first step in satisfying these requirements. Pursuant to the Act, the City proposes to annually levy and collect assessments to provide funding for improvements and activities authorized within the District for a period of five years (Fiscal Years 2006/2007 through 2010/2011). This Management District Plan ("Plan") describes the District, improvements and activities, method of apportionment, the proposed assessments for the current fiscal year, and the maximum assessment proposed for the five- year duration of the renewed District. The proposed assessments are based on the estimated cost to provide the improvements, activities, and operations that provide a direct and special benefit to properties within the District. The costs of improvements, activities, and operations include all expenditures, deficits, surpluses, revenues, and reserves. The word "property," for the purposes of this Plan, refers to real property situated within the District, and identified as an individual property or parcel assigned its own Assessor's Parcel Number (APN) by the County of Riverside Assessor's Office. The County of Riverside Auditor/Controller uses APNs to identify on the tax roll parcels and properties assessed for taxes, special assessments, and fees and charges. A written petition of the property owners within the District, representing more than 50 percent of the proposed assessment to be levied must be submitted to the Palm Desert City Council in order to proceed with the District formation. After the regin NIuniFinancial required signatures have been gathered, the City Council may initiate proceedings for the renewal of the District by adopting a resolution expressing its intention to renew the District. The resolution of intention will reference the Engineer's Report and this Management District Plan, and will notice the time and place of a public hearing on the re-establishment of the District and levy of assessments. Within 90 days of adopting the resolution of intention, the City Council may hold a public hearing on the matter, and cause notice to the property owners pursuant to Section 54954.6 of the Government Code. Assessment ballots (property owner protest ballots) would be mailed to each property owner at least 45 days prior to the public hearing pursuant to Article XIIID of the California Constitution. At the public hearing the City Council may provide the public and property owners an opportunity to provide oral protests and written protests prior to the adoption of the Engineer's Report and the Management District Plan. Pursuant to the California Constitution Article XIIID, the City Council will tabulate property owner assessment ballots received from property owners to determine whether majority protest exists. This tabulation will occur after the close of the Public Hearing. If the property owners approve the renewal of the District and imposition of new assessments, the City Council will appoint an owners' association for the District. This owners' association shall make recommendations to the City Council on the expenditures of revenue derived from the levy of assessments and on the classification of properties as applicable. This owners' association shall cause to he prepared a report each fiscal year for which assessments are to be levied and collected. Said annual report shall be filed with the City Clerk and shall contain: any proposed changes to the district boundary; the improvements and activities to be provided that year; the estimated costs for that year; the method of assessment; the amount of any surplus or deficit; and contributions from other sources. The City Council may approve the report as submitted or as modified. K PliuniFinanciai I The District consists of all parcels located in the commercial business area known as the President's Plaza III within the City of Palm Desert, County of Riverside. The District includes sixteen (16) assessed commercial parcels. The boundary of the District and the parcels therein are generally located South of Palm Desert Drive at Highway 111; North of El Paseo; West of Sage Lane; and East of Old Highway 74, and includes the Palm Desert Parking Lot — lease parcel to the City of Palm Desert located South of Highway 111; East of New Highway 74; and West of Old Highway 74. In an effort to enhance and improve business opportunities and the appearance of the area known as the President's Plaza III, the Agency provided funds for the renovation and capital improvement of the parking lot and landscaped areas related to this commercial business center. In conjunction with this renovation, President's Plaza III Property and Business Improvement District was formed in 2001 to provide and ensure the continued operation and maintenance of the improvements after the renovations had been completed. Should be District be renewed by the property owners for another five (5) year term, the assessments generated will continue this maintenance. In December 2005, the District paid for the slurry sealing, re -striping and repair of the parking lot through reserve funds which had been accumulated during the first five years of the term of the District. It has been determined that all the properties within the District receive special and distinct benefits from the improvements and activities to be funded through the assessments. The improvements include all necessary activities, services, operation, administration, and maintenance required to keep the improvements in satisfactory condition including all necessary labor, material, and equipment. The services may include, but are not limited to, regular maintenance, repair, removal or replacement of all or any part of the improvements including removal of trimmings, rubbish, debris and other solid waste; and, providing for the growth, health and beauty of landscaping and lighting including cultivation, trimming, spraying, fertilizing or treating for disease or damage as well as supplying necessary irrigation and electrical energy. The specific improvements and activities include: arVIuniFinanciai • Parking lot landscaped areas: including, but not limited to, ground cover, shrubs, trees, plants, irrigation and drainage systems and associated appurtenant facilities; • Parking lot lighting facilities: including, but not limited to, bulbs, fixtures, poles, wiring, and electrical energy; and, • Debris removal: including, but not limited to, regular mechanical sweeping of the parking lot. The costs associated with the improvements are equitably spread among all benefiting parcels within the District utilizing the method of apportionment described in the Method of Apportionment section of this Report. The total funds collected shall be dispersed and used for only the services and operations provided to the District. • ... All assessed properties within the District receive special benefits from one or more of the improvements and activities funded through the District assessments. Specifically, lighting and landscaping amenities within the parking lot, and regular sweeping of the parking lot. The special benefits of lighting (parking lot lights) are the convenience, safety, and security of property, improvements, and goods. Specifically: 1. Enhanced deterrence of crime and the aid to police protection; 2. Increased nighttime safety for patrons and employees; 3. Improved visibility for pedestrians and motorists; 4. Improved ingress and egress to property; 5. Reduced vandalism and other criminal acts and damage to improvements or property; 6. Enhanced aesthetic appeal of the parking area and the properties that are associated with the parking area; 7. Increased promotion of business activities and opportunities during nighttime hours; and, 8. The special enhancement to the value of property which results from the above benefits. JMuniFinancial The benefits associated with landscaped islands and medians within the parking lot are specifically: 1. Improved aesthetic appeal of the parking area and nearby parcels; 2. Improved dust control; 3. Enhanced adaptation of the urban environment within the natural environment; 4. Improved traffic circulation; 5. A positive representation of the businesses within the District; 6. Centralized locations for refuse collection facilities; and, 7. The special enhancement to the value of property which results from the above benefits. Parking lot sweeping is an essential and necessary activity for all properties — particularly commercial properties. This improvement is funded through the assessments solely for the special benefit of properties within the District. The benefits associated with this service are: 1. Enhanced aesthetic appeal of the parking area and the properties that are associated with the parking area; 2. Improved dust control; 3. The special enhancement to the value of property which results from the above benefits. The on -going operation and maintenance of the landscaping, lighting and sweeping improvements provide no measurable general benefit to other properties outside the District or to the public at large. Therefore, these improvements and the corresponding assessments have been identified as 100% special benefit to parcels within the District. NtuniFinancial !_. • The costs of the District improvements have each been apportioned by a formula and method which fairly distributes the net amount to be assessed among all assessed parcels in proportion to the estimated special benefits to be received by each parcel from the improvements. All assessed parcels within the President's Plaza III PBID have use of, and access to, a centralized parking facility (lot) that provides access, parking, and delivery areas for the businesses and parcels within the District. Because the parking area is a centralized facility used and accessed by all properties within the District, each parcel's benefit is based on the size of such parcel. Therefore, it has been determined that a fair and reasonable reflection of each parcel's benefit for the parking lot improvements shall be based on the approximate size, in square feet, of each parcel. The Total Direct Costs of the parking lot improvements and services are apportioned to each parcel within the District based on each parcel's lot size in square feet. In addition to a parcel's Total Direct Cost, each parcel is assessed for District administration expenses and a reserve fund collection (Indirect Costs). The Indirect Costs for each parcel have been apportioned in the same manner as Total Direct Costs. Therefore, each parcel's Total Annual Assessment is the sum of its proportionate share of the Total Direct Costs and Total Indirect Costs. The Total Direct Costs estimated for parking lot improvements and services (maintenance) are based on the estimated annual costs to maintain the landscaping, lighting, and mechanical sweeping of the parking lot within President's Plaza III. These Total Direct Costs, divided by the sum of the square footage of all parcels within the District, establishes a rate per parcel square foot. This rate multiplied by each parcel's square footage equals the parcel's proportionate share of the parking lot maintenance costs (rounded to the nearest even penny). The rate provided in Table 1 is for Fiscal Year 2006/07 only. Please refer to the District Budget (Table 4) for future assessment rates. MuniFi 71 nancial Total Direct Cost / Total Square Footage = Rate per Square Foot Rate x Parcel Square Footage = Direct Cost Assessment Component Table 1: Direct Cost Proposed Assessment and Rate Proposed Direct Proposed Rate Costs for FY (per Square Foot) for 2006-07 FY 2006-07 First Fiscal Year Maximum $ 20,400 $ 0.0450 .=!. .y .Y.ii 7,.. J�. iL..; r.73 ::7-414 7-1C3 ./>°G..._....... 'f.�..". '- To ensure the improvements, activities, and services provided and funded through the District are continued, each parcel will be assessed for administrative and reserve costs (Indirect Costs). These Indirect Costs include all expenses related to the administration of the District as well as the collection of money towards a Reserve Fund. The Reserve Fund Collection is proposed to be slightly over thirty-five percent (35.29%) of the annual Total Direct Costs of the District. Similar to the method of apportionment for Total Direct Costs, the District's indirect costs are apportioned to each parcel based on each parcel's lot size in square feet. The rate provided in Table 2 is for Fiscal Year 2006/07 only. Please refer to the District Budget (Table 4) for future assessment rates. �f T� Total Indirect Cost / Total Square Footage = Rate per Square Foot Rate x Parcel Square Footage = Indirect Cost Assessment Component Table 2: Indirect Cost Proposed Assessment and Rate Proposed Proposed Rate Indirect Costs (per Square Foot) for for FY 2006-07 FY 2006-07 First Fiscal Year Maximum $ 12,383 $ 0.0272 fllluniFinanciai f --"gc - o Each parcel's Total Annual Assessment is the sum of their proportionate share of the Direct Costs and Indirect Costs. The preceding description of the method of apportionment outlines the estimated cost and rates applied for the District in the first fiscal year of existence (FY 2006/07). The rate provided in Table 3 is for Fiscal Year 2006/07 only. Please refer to the District Budget (Table 4) for future assessment rates. Direct Cost Rate + Indirect Cost Rate = Total Rate per Square Foot Table 3: Total Cost Proposed Assessment and Rate First Fiscal Year Proposed Direct Proposed Rate Costs for FY (per Square Foot) for 2006-07 FY 2006-07 Direct Costs Maximum $ 20,400 $ 0.0450 Indirect Costs $ 12.383 S 0.0272 Total Costs Maximum $ 32,783 S 0.0722 For the five years of the term of the PBID renewal, annual assessments may be adjusted by the President's Plaza III PBID owners' association up to three percent (3%) per year. Actual annual adjustments may range from zero percent (0%) to three percent (3%). Adjustments may differ from year to year depending on the service needs identified by the owners' association. In any event, assessments will not exceed the levels illustrated by the District Budget (Table 4). Any annual budget surplus or deficit will be accrued into the following year's PBID budget. Assessments will be set accordingly, within the constraints of the annual adjustment, to adjust for surpluses or deficits that are carried forward. Iun Fir(ai lcia! Sweeping Services: Weekly cleaning of the parking lot and gutters using a contracted, mechanized service. Landscape Contract Maintenance: Includes all regularly scheduled labor, material (e.g. pipe, fertilizer, insecticides), and equipment required to properly maintain and ensure the satisfactory condition of all landscaping, irrigation and drainage systems, and appurtenant facilities. All landscaping improvements within the District are contracted for maintenance and service on a regular basis. The frequency and specific maintenance and operations required within the District will be determined by City staff. Lighting Repair and Maintenance: This item includes repairs that are not normally included in the yearly maintenance contract costs. This may include repair of damaged amenities due to vandalism and storms, as well as planned upgrades which could include replacing lighting materials or renovation of lighting systems. Landscape Repair and Maintenance: This item includes repairs that are not normally included in the yearly maintenance contract costs. This may include repair of damaged amenities due to vandalism and storms, as well as planned upgrades, which could include replacing plant materials or renovation of irrigation systems. Landscape Utilities -Water: Utility cost to furnish water for required landscape irrigation. Street Lighting Utilities - Electric: The furnishing of electricity required for the operation and maintenance of the lighting facilities. The City contracts for the furnishing of its electricity for street lighting, which includes normal maintenance and bulb replacement. This cost does not include repairs or replacement of damaged facilities due to vandalism, accidents or storms. Landscape Utilities - Electric: Utility cost for furnishing of electricity required for the operation of the irrigation systems and landscape maintenance. • . Lam._ . District Administration: The cost to all departments and staff of the City, for providing the coordination of District services, operations and maintenance of the District, response to public concerns and education, and procedures associated with the levy and collection of assessments. This cost also includes contracting with iVluniFinancial professionals to provide additional administrative, legal, or engineering services specific to the District. County Administration Fee: This is the actual cost to the District for the County to collect District assessments on the property tax bills. This charge is based on a flat rate per fund number. County Per Parcel Fee: This is the cost to the District for the County to collect assessments on the property tax bills. This charge is on a per assessment basis, at $0.50 per assessment, and is in addition to the County Administration Fee. Operating Reserve Fund Collection: The Operating Reserve Fund provides for collection of funds to operate the District, for each fiscal year, from the time period of July 1 through January when the County provides the City with the first installment of assessments collected from the property tax bills. The Operating Reserve Fund eliminates the need for the City to transfer funds from non -District accounts to pay for District charges during the first half of FY 2006/07 through FY 2010/11. The Operating Reserve Fund may also be used to offset any unforeseen costs such as repairs, legal fees, revenue deficits, or increased costs due to inflation or contractual agreements that are greater than originally planned. The Operating Reserve Fund Collection amount is slightly less than five percent (4.90%) of the annual Total Direct Costs of the District in FY 2006/07. Parking Lot Maintenance Fund Collection: The Parking Lot Maintenance Fund provides funds for the sealing and re -striping of the parking lot after the fourth year of the renewal term of the District. The parking lot's total surface area is approximately 184,000 square feet. During December 2005, the District's cost of sealing and re - striping the parking lot was S27,200 (15.5 cents per square foot multiplied by 175,520 square feet of surface area) and its cost of repairs within the parking lot was $24,300 (for 8,500 square feet of surface area); for a total cost of S51,500. The cost of sealing and re -striping the parking lot's total surface area of 184,000 square feet would have been approximately $28,520 (15.5 cents per square foot multiplied by 184,000 square feet of surface area). Insurance: This line item supports insurance costs for the operation of the District. Total District Costs: This is the sum total of all budgeted Direct and Indirect costs. Total Parcels: The total number of parcels within the District. Fire,: 'icial Total Parcels to Levy: The total number of parcels within the District that will be assessed. Non -assessed lots or parcels include easements, common areas, and parcels within the boundaries of the District that currently do not benefit from the improvements and which are not included in the Total Parcels to Levy. Total Parcels Square Footage: This is the sum total of the assessed parcels' square footage applied to each assessed parcel within the District. Levy Rate per Direct Costs per Square Foot: This amount represents the Rate for Direct Costs being applied to each assessed parcel's individual lot square footage. The Levy Rate per Direct Costs is the result of dividing the estimated Total Direct Costs for that year by the sum of the District's Total Parcels Square Footage. The rate is calculated to four decimal places. Levy Rate per Indirect Costs per Square Foot: This amount represents the Rate for Indirect Costs being applied to each assessed parcel's individual lot square footage. The Levy Rate per Indirect Costs is the result of dividing the estimated Total Indirect Costs for that year by the sum of the District's Total Parcels Square Footage. The rate is calculated to four decimal places. Total Levy Rate per Square Foot: This amount represents the Rate being applied to each assessed parcel's individual lot square footage. The Levy Rate per Square Foot is the result of dividing the estimated Total District Costs for that year by the sum of the District's Total Parcel Square Footage. The rate is calculated to four decimal places. D ] 6 -E = 's.:ka ; The District Budget shown on the following table (Table 4), lists the estimated costs of providing the various improvements and services within the District. The costs and the resulting rates for Fiscal Year 2006/07 through Fiscal Year 2010/11 are based on the estimated costs to provide the improvements and services for each year. Direct Costs, District and County Administration Costs, and Insurance Costs are adjusted for the three percent (3%) inflation factor. The owners' association, appointed by the City Council, will annually review the District costs and make recommendations for any changes or adjustments to the budget. Changes to the budget could result in changes to the annual assessment but, the resulting total assessment may not exceed the maximum rates established in this Report without first obtaining property owner approval through assessment ballots. g illiuniiFinancial Table 4: Five Year Budget Budget item Actual Proposed Assessment Maximum Proposed Assessment for Fiscal Years FY 2006-07 (II 2006-07 2007-08 2008-09 2009-10 2010-11 Direct Costs Sweeping Services $ 4,000 S 4.000 $ 4.120 S 4,244 $ 4,371 $ 4.502 Landscape Contract Maintenance 4,500 4,500 4.635 4,774 4,917 5,065 Lighting Repair & Maintenance 1,200 1.200 1,236 1,273 1,311 1,351 Landscape Repair & Maintenance 3.500 3.500 3,605 3,713 3,825 3,939 Landscape Utilities - Water 2,000 2.000 2,060 2,122 2,185 2,251 Street Lighting Utilities - Electric 4,700 4.700 4,841 4,986 5,136 5,290 Landscape Utilities - Electric 500 500 515 530 546 563 Subtotal Direct Costs S 20,400 S 20.400 $ 21,012 $ 21,642 $ 22,292 $ 22,960 Indirect Costs District Administration 3,500 3,500 3,605 3,713 3,825 3,939 County Administration Fee 175 175 180 186 191 197 County Per Parcel Fee 8 8 8 8 9 9 Operating Reserve Fund Collection 1,000 1,000 1,000 1,000 1,000 1,000 Parking Lot Maintenance Fund Collection 6,200 6,200 6,200 6,200 6.200 6,200 Insurance 1,500 1 500 1,545 1,591 1,639 1 688 Subtotal Indirect Costs $ 12,383 $ 12,383 S 12,538 $ 12,699 $ 12.864 S 13,034 Levy Breakdown Total District Costs 32,783 32,783 33,550 34,341 35,155 35,994 Balance to Levy S 32,783 $ 32,783 $ 33,550 S 34.341 $ 35,155 S 35.994 District Statistics Total Parcels 16 16 16 16 16 16 Total Parcels To Levy 16 16 16 16 16 16 Total Parcels Square Footage 453.956.00 453,956.00 453,956.00 453,956.00 453,956.00 453,956.00 Levy Rate per Direct Costs per Sq Ft S 0.0450 $ 0.0450 $ 0.0464 S 0.0478 $ 0.0492 $ 0.0506 Levy Rate per Indirect Costs per Sq Ft $ 0.0272 S 0.0272 S 0.0278 $ 0.0280 $ 0.0284 $ 0.0288 Total Levy Rate per Square Foot $ 0.0722 $ 0.0722 S 0.0740 $ 0.0758 $ 0.0776 $ 0.0794 Operating Reserve Fund Balance Previous Balance - 1,000 2,000 3.000 4,000 Ending Balance 1,000 1,000 2,000 3 000 4.000 5,000 Parking Lot Maintenance Fund Balance Previous Balance 6,200 12,400 18,600 24,800 Ending Balance 6,200 6,200 12 400 18.600 24,800 31.000 Maximum annual assessments for direct costs. district and county administration. and nsurance are adjusted by 3% from the previous Fiscal Year for F.scal Years 2007-08 through 2010-2011 Tne PBID Advisory Board will determine the amount of any actua: increase for those years which may not exceed 3% per year FY 2006-07 Actual and Maximum Proposed Assessments are the same Sources. City of Palm Desert, MuniFinancial if The Boundary Map for the District is on the following page and is inclusive of all parcels identified on the County of Riverside Assessor's Parcel Maps as Book 627, Page 192. The Boundary Map will be kept on file with the City Clerk of the City of Palm Desert. For the Public Hearing on this District, the Final Engineer's Report will contain an Assessment Diagram. ate! MVluniFinancial PAGE 'I OF 1 w U 1- w O w 2 w 2 w 0 & • 7 O m u)b G ƒ }§} 0 00 o w O22< O z «ƒoLL I y° / '" § D \ E0 E E MO_ PRESIDENT'S PLAZA *w, 39 G g\ LARRY WARD, COUNTY RECORDER Assessor's Parcel No. 627-192-006 J 627-192-009 \\ NJ c•J 627-192-021 627-192-022 627-192-023 627-192-024 j NJ 627-192-034 627-192-035 \ NI 627-192-037 627-192-038 627-192-039 \ NI k).-Nn�0ewcea��mara # v-�� ZZ z § 5 DISTRICT BOUNDARY ASSESSMENT NUMBER L. Parcel identification, for each lot or parcel within the District, shall be the parcel as shown on the County Assessor's Map for the year in which this Report is prepared. The Assessment Roll, which includes a listing of assessor parcels assessed within this District, along with their assessment amounts, is shown in Table 5 on the following page. Niun Financial O O M co co o0 W O d' 00 O N N N O CO O O V' N M V 0) M I� 0) L�) O N 0... CD CD0) LO LO CD • O O 4 M N O LC) N M oO CO r M r2 M E r C7 (0 LO O (D a)Ln co V CD M( O CO r CO 3 h m O r r d< CD 00 CO W Q1 r- M M N LO N Ln M r E O E O N N M M M r- N M r N O O M d y } d N y r0- Table 5: Assessment Roll LL O CD 0 O N } U. d O CO O CD CO OD 00 O d' 00 O N N N O CO O' N M d: CD M r 01 co O N r O O O LD O O' ni m O d' M N O lf) N M O CD r M M 05 O u) CO O CD to O d' O M tD O 00 r 00 ✓ r d' W co c0 00 LO r- M M N LO N Ln M r N N M M M N M d' c') (f) CA Cf) Cn Cfl V, VI CA 09 0) CA C» 09 09 CR Cf) 09 O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 O O M O O o0 (D d' O 00 M d' O N N M O M d' co Cn M d' CO M r N d• M m d' co O m m m m m00 r- co r r- d c0 d 0) co 0) TY O M .- Cn M U) CD 4- d' d' co;c • M r- r- r- ." M Cr a a M d' N CO LO i>->-000000>->-yOO>->-O Q QWWWWWWQQ'WW¢QW Q II0_aaEL0_aIII Il( O J J J J J J '= =� J J =7 =� J I I W W W W W W III W W I I W V) In <- 0 0 0 0 0 0 L() 0 0 (D Lf) O ✓ O (O r 00 0) O d O N d CO L0 CO M N N N O O ) M M M M M M M M M M M M CO M M ✓ r r r r r r r r r r r r r r- r Property Owner z 0 • Z w q W s ❑ m W m 0 Z Z i OZ m > > O Z 0 Z Z Z W W Z Q a Q 0 rx cn w ZO z cc Z LU mo25CC CO 0UH FFa- OUQZ~� 0 HZHCe wui wzm (wd. Q W �w UJ L�l.IO z m JJ JwCC ES W❑w QpQQ1-J W000Z0a-OOIWY} O(-ZW QOQU HUQ WZ J_ J WZ OO()J}V)nOJ(o) OH Q Q J D Q } J Z D_ Q -I Q Q I ❑❑ W CC Cl W LL-,Z-,W LL❑-, (O 0) d' O N M d' CO d' LO CD r 00 0) O O O N N N N N M CO M M CO M M d' O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CV N CV N N CV CV N N N CV N N CV N N 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) N N N N N N N N N N N N N N N N CO CD co co QD CO CD CO O CD CD CD O CD QD CO CD 0) d' O N M d' M d' L() CO r W 0) O O O N N N N N M M M M M M CO Tr O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N N N N N N N N N N N N N N N N 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) ✓ r r r r r r r r r r r r r r r N N N N N N N N N N N N N N N N CD CO CO CO CD CO CO CO CO (O CD CD CD (D CD CD r- N CO d' LD O r a0' 0) O r- N C') Tr LO CO m F 1) Due to rounding, totals may not add up to $32.783. Sources Riverside County Secured Roll, Mund'inancial