HomeMy WebLinkAboutPresident's Plaza III/Res 06-82, 06-83, 06-84, 06-84ACITY OF PALM DESERT
DEVELOPMENT SERVICES
STAFF REPORT
REQUEST: 1. Approval to Declare the Results of the Property Owner
Protest Proceeding for the Re-formation of the Presidents'
Plaza III Property and Business Improvement District.
2. Approval to Amend and/or Approve the Final Engineer's
Report for the Presidents' Plaza III Property and Business
Improvement District; and Order the Levy and Collection of
Assessments for Fiscal Year 2006/2007.
DATE: June 8, 2006
CONTENTS: Resolution No.(s) 06-82 , 06-83 , 06-84 , 06-84A
Table 1 List of Assessments
District Map
Final Engineer's Report
Final Management District Plan
Recommendation:
At the conclusion of the public hearing, waive further reading and adopt:
1. Resolution No. 06-82, declaring the results of the property owner protest
proceeding for the re-formation of the Presidents' Plaza III Property and
Business Improvement District.
2. Resolution No. 06-83, approving and/or amending the Engineer's Report
regarding the re-formation of the Presidents' Plaza III Property and
Business Improvement District.
3. Resolution No. 06-84, approving the Final Management District Plan for
the for the Present's Plaza III Property and Business Improvement District,
FY 2006/07.
4. Resolution No. 06-84A, Ordering the Formation of the Presidents' Plaza III
Property and Business Improvement District, and the levy and collection of
assessments for FY 2006/2007.
Executive Summary:
The Presidents' Plaza III Property and Business Improvement District (PBID) was
established in 2001 with a five-year term. The District is in its fifth and final year. On
April 13, 2006, the City Council initiated the re-formation of the PBID and authorized
Staff Report
Presidents' Plaza III Property and Business Improvement District
Page 2 of 3
June 8, 2006
If the District is approved, the property owners will continue to be assessed to fund the
maintenance of parking lot landscaping, lighting, street sweeping and utilities. At the
conclusion of the public hearing, the City Council may approve the attached resolutions
to:
• Declare the results of the property owner ballot proceeding.
• Approve the District's Final Engineer's Report, annual assessments for each
property and the District's five-year Budget; and
• Authorize the levy of annual assessments for FY 2006/2007.
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 Sage Lane and
Highway 74. The District was established in 2001 for a five-year term and budget that
includes, but is not limited to, funding the following common services within the parking
lot area:
• Landscape Maintenance • Street Sweeping I
• Utilities (Water) • Reserve Fund (Parking Lot Reslurry) 1
• Parking Lot Lighting • 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 and maintenance of the parking lot
area.
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
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.
On April 13, 2006, the City Council authorized staff to ballot the property owners for the
re-formation of the Presidents' Plaza III PBID. Ballots will be tabulated at the conclusion
of the public hearing the results will be declared.
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
Staff Report
Presidents' Plaza III Property and Business Improvement District
Page 3 of 3
June 8, 2006
per square foot. Table 1 outlines each district's maximum proposed annual levy (see
attached).
If the district is approved, the City Council may adopt the attached resolutions to
accomplish the following:
1. Declare the results of the balloting and approve the re-formation of the
Presidents' Plaza III Property and Business Improvement District.
2. Approve the Final Engineer's Report and Management District Plan for a five-
year term (FY 2006/07-FY 2010/2011).
3. Order the levy and collection of annual assessments starting FY 2006/02007.
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 another five-year term.
Therefore, Staff recommends that the City Council adopt the attached resolutions
authorizing re-formation of the District.
Submitted By:
Martin Alvarez
Senior Management Analyst
Approval:
Carlos L. Ortegs
City Manager
Paul Gibson
Director of Finance
Department Head:
Homer Croy
ACM for Development Services
CITY COUNCIL ACTION:
APPROVED ✓ DENIED
RE EIVED OTHER
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MEETING DATE (n - 8 n 0(o
AYES:
NOES:
ABSENT:
ABSTAIN:
VERIFIED BY:
Original on File w t- City Clerk's Office
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RESOLUTION NO. 06-82
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM
DESERT, CALIFORNIA, DECLARING THE RESULTS OF A PROPERTY
OWNER PROTEST PROCEEDING FOR THE PRESIDENT'S PLAZA III
PROPERTY AND BUSINESS IMPROVEMENT DISTRICT AND
APPROVING CERTAIN RELATED ACTIONS
The City Council of the City of Palm Desert (hereafter referred to as the "City Council")
does resolve as follows:
WHEREAS, The City Council called and duly held a property owner protest
proceeding for the President's Plaza III Property and Business Improvement District
(hereafter referred to as the "District") pursuant to the provisions of 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") and the California Constitution Articles
XIIIC and XI11D, for the purpose of presenting to the qualified property owners within the
District the annual levy of assessments and a maximum annual assessment over the next
five years for the costs and expenses associated with the maintenance and operation of
landscaping, lighting, street sweeping and all appurtenant facilities related thereto; and,
WHEREAS, the landowners of record within the District as of the close of the Public
Hearing held on June 8, 2006 did cast their ballots, the results of which are illustrated
below:
Total Ballots Cast
$
Yes Total No Total
$ $
NOW, THEREFORE, BE IT RESOLVED, DETERMINED, AND ORDERED BY
THE CITY COUNCIL FOR THE DISTRICT, AS FOLLOWS:
Section 1: The above recitals are true and correct.
Section 2: The protest proceeding was conducted, with ballots presented to qualified
property owners of the District for receipt by the City Clerk on June 8, 2006, weighted
according to the proportional financial obligation of the affected property.
Section 3: The results of the tabulation of the valid property owner protest ballots returned
by the property owners within said District, prior to the conclusion of the Public Hearing
and property owner protest proceeding held for the District on June 8, 2006, is hereby
confirmed and made public record.
Section 4: The tabulation of the valid property owner protest ballots returned by the
property owners within said District indicates approval of the assessment and maximum
assessment allowed over the next five years. Therefore the City Council is hereby
authorized to take the necessary steps to levy the assessments as approved.
RESOLUTION NO. 06-82
Section 5: The City Clerk is hereby directed to enter this Resolution on the minutes of the
City Council which shall constitute the official declaration of the result of such property
owner protest proceeding.
Section 6: This Resolution shall become effective immediately upon its adoption.
Section 7: The City Clerk shall certify the adoption of this Resolution.
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. 06-83
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM
DESERT, CALIFORNIA, TO APPROVE THE FINAL ENGINEER'S
REPORT FOR THE PRESIDENT'S PLAZA III PROPERTY AND
BUSINESS IMPROVEMENT DISTRICT, FISCAL YEAR 2006/07
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 final 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 satisfied with the District, each and all of the budget items and
documents as set forth therein, and is satisfied that the levy amounts 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 XIl1C and XIIID.
Section 2: Proposed improvements and any substantial chances 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. 06-83
Section 4: The "Engineer's Report" as presented is hereby approved 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.
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
2
JIM FERGUSON, MAYOR
RESOLUTION NO. 06-84
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM
DESERT, CALIFORNIA, APPROVING THE FINAL MANAGEMENT
DISTRICT PLAN FOR THE PRESIDENT'S PLAZA III PROPERTY AND
BUSINESS IMPROVEMENT DISTRICT FOR FISCAL YEAR 2006/07
AND APPOINTMENT OF AN OWNER'S ASSOCIATION
The City Council of the City of Palm Desert (hereafter referred to as the "City Council")
does resolve as follows:
WHEREAS, pursuant to the provisions of 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"), property owners within the President's Plaza III
Property and Business Improvement District (hereafter referred to as the "District"),
representing more than 50 percent of the proposed assessment to be levied have
presented to the City Council a written petition for the formation of the District; and,
WHEREAS, the City Council pursuant to the Act, did by previous resolution order
the Assessment Engineer, MuniFinancial, (hereafter referred to as "Engineer") to prepare
and file a Management District Plan (hereafter referred to as "Report") in connection with
the formation of the District, and the establishment of maximum assessments to pay the
maintenance and services of landscaping, lighting, street sweeping and all appurtenant
facilities and operations related thereto; and,
WHEREAS, the Engineer has prepared and filed with the City Clerk of the City of
Palm Desert and the City Clerk has presented to the City Council such report entitled
"Management District Plan for the President's Plaza III Property and Business
Improvement District, Fiscal Year 2006/07; and,
WHEREAS, the City Council has carefully examined and reviewed the Report as
presented, and is satisfied with each and all of the items and documents as set forth
therein, and finds that the levy has been spread in accordance with the special benefits
received from the improvements, operation, maintenance and services to be performed,
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: The above recitals are true and correct.
Section 2: The Report as presented, is hereby approved and is ordered to be filed in the
Office of the City Clerk as a permanent record and to remain open to public inspection.
RESOLUTION NO.
Section 3: Pursuant to the Act, the City Council hereby appoints the President's Plaza 111
Owner's Association as the Owner's Association for the District. This Owner's Association
consists of at least one member that is a business licensee within the District who is not
also a property owner within the District. This Owner's Association shall cause to be
prepared a report for each subsequent 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.
Section 4: 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 and final approval of the
Report and appointment of the District Owner's Association.
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. 06-84A
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM
DESERT, CALIFORNIA ORDERING THE FORMATION OF THE
PRESIDENT'S PLAZA III PROPERTY AND BUSINESS IMPROVEMENT
DISTRICT AND THE LEVY AND COLLECTION OF ASSESSMENTS
FOR SAID DISTRICT FOR FISCAL YEAR 2006/07
The City Council of the City of Palm Desert, California (hereafter referred to as the "City
Council") hereby finds, determines, resolves and orders as follows:
WHEREAS, pursuant to the to the provisions of 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"), property owners within the proposed
District, representing more than 50 percent of the proposed assessment to be levied have
presented to the City Council a written petition for the formation of the President's Plaza III
Property and Business Improvement District (hereafter referred to as the "District"), and
the levy and collection of assessments; and,
WHEREAS, the City Council, pursuant to the Act did by previous Resolutions
initiate proceedings and order the preparation of a Management District Plan in connection
with the formation of the District, and the establishment of maximum assessments over
the next five years to pay the maintenance and services of landscaping, lighting, street
sweeping and all appurtenant facilities and operations related thereto; and,
WHEREAS, the City Council, pursuant to the Act did by previous Resolution
appoint an Owner's Association consisting of at least one member that is a business
licensee within the District who is not also a property owner within the District, and this
Owner's Association shall cause to be prepared an annual report regarding the District for
the City Council's approval; and,
WHEREAS, the City Council called and duly held a property owner protest
proceedings for the District pursuant to the provisions of the Act and the California
Constitution Articles XIIIC and XIIID, for the purpose of presenting to the qualified
property owners within the District the annual levy of assessments and a maximum annual
assessment over the next five years for the costs and expenses associated with the
maintenance and operation of landscaping, lighting, street sweeping and all appurtenant
facilities related thereto; and,
WHEREAS, the protest proceeding was conducted, with ballots presented to
qualified property owners of the District for receipt by the City Clerk on June 8, 2006,
weighted according to the proportional financial obligation of the affected property, and the
tabulation of said protest ballots returned by the property owners indicated approval of the
assessment and maximum assessment allowed over the next five years; and,
RESOLUTION NO. 06-84A
NOW, THEREFORE, BE IT RESOLVED, DETERMINED, AND ORDERED BY
THE CITY COUNCIL FOR THE DISTRICT, AS FOLLOWS:
Section 1: The above recitals are true and correct.
Section 2: The City Council desires to form the President's Plaza III Property and
Business Improvement District and to levy annual assessments for a duration of not more
than five years pursuant to the provisions of the Act.
Section 3: The City Council hereby declares pursuant to the Act and the method of
apportionment described in the Management District Plan, that said annual assessments
shall not exceed the maximum assessment approved by the property owners and shall
commence with the first fiscal year beginning July 1, 2006 and ending June 30, 2007 to
pay the costs and expenses of operating, maintaining and servicing said improvements
located within the District.
Section 4: Following notice duly given, the City Council has held a full and fair Intent
Meeting and Public Hearing in connection therewith; the levy and collection of
assessments, and considered all oral and written statements, protests and
communications made or filed by interested persons. The City Clerk has tabulated the
ballots and determined that the property owners have approved the annual levy and
collection of assessments and a maximum assessment over the next five years as
outlined in the Management District Plan, in full compliance with California Constitution
Articles XIIIC and XIIID.
Section 5: Based upon its review of the Management District Plan, a copy of which has
been presented to the City Council and which as been filed with the City Clerk, the City
Council hereby finds and determines that:
i.) The territory of land within the District will receive special benefits from
the operation, maintenance and servicing of the improvements and
appurtenant facilities located within the boundaries of the District.
ii.) District includes all of the lands so benefited; and
iii.) The net amount to be assessed upon the lands within the District in
accordance with the proposed budget for the fiscal year commencing
July 1, 2006 and ending June 30, 2007 is apportioned by a formula and
method which fairly distributes the net amount among all eligible parcels
in proportion to the special benefits to be received by each parcel from
the improvements and services.
iv.) The Assessments so described in the Management District Plan are
consistent with the assessments so approved by the property owners
within the District.
2
RESOLUTION NO. 06-84A
Section 6: The Report and assessments as presented to the City Council and on file in
the office of the City Clerk are hereby confirmed as filed.
Section 7: The City Council hereby orders the proposed improvements to be made, and
the levy and collection of annual assessments to pay for those improvements to be
presented to the County Auditor/Controller of Riverside commencing with Fiscal Year
2006/07. The County Auditor/Controller shall enter on the County Tax Roll opposite each
parcel of land the amount of levy, and such levies shall be collected at the same time and
in the same manner as the County taxes are collected. After collection by the County, the
net amount of the levy shall be paid to the City Treasurer.
Section 8: The City Treasurer shall deposit all money representing assessments collected
by the County for the District to the credit of a fund for the President's Plaza III Property
and Business Improvement District, and such money shall be expended only for the
improvements described in the Management District Plan.
Section 9: The adoption of this Resolution constitutes the District levy for the Fiscal Year
commencing July 1, 2006 and ending June 30, 2007.
Section 10: The City Clerk is hereby authorized and directed to file the levy with the
County Auditor upon adoption of this Resolution.
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
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City of Palm Desert
PRESIDENT'S PLAZA III
BUSINESS
IMPROVEMENT
DISTRICT
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PALM DE EF
CITY OF PALM DESERT
PRESIDENT’S PLAZA III PROPERTY
AND BUSINESS IMPROVEMENT
DISTRICT RENEWAL
FINAL ENGINEER’S REPORT
FISCAL YEARS 2006/2007 TO 2010/2011
Intent Meeting: April 13, 2006
Public Hearing: June 8, 2006
Corporate Office Office Locations
27368 Via Industria Anaheim, CA Oakland, CA
Suite 110 Lancaster, CA Phoenix, AZ
Temecula, CA 92590 Los Angeles Regional Office Sacramento, CA
Tel: (951) 587-3500 Seattle, WA San Diego, CA
Tel: (800) 755-MUNI (6864)
Fax: (951) 587-3510
www.muni.com
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.
MuniFinancial
Assessment Engineer
On Behalf of the City of Palm Desert
By: ________________________________
Richard Kopecky
R. C. E. # 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 IN TABLE 4 ...........................................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 President’s Plaza III PBID Rene wal
Final Engineer’s Report
FY 2006/2007
Overview
Introduction
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 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 was submitted to the Palm Desert City
Council to initiate formation proceedings. The City Council initiated proceedings for the
formation of the District by adopting a resolution expressing its intention to form the
District. The resolution of intention referenced the Engineer’s Report and the Management
District Plan, and noticed the time and place of a public hearing on the formation of the
District and levy of assessments.
Not less than forty-five (45) days and not more than ninety (90) days of adopting the
resolution of intention, the City Council held a public hearing on the matter of formation,
Page 1
City of Palm Desert President’s Plaza III PBID Rene wal
Final Engineer’s Report
FY 2006/2007
and caused notice to the property owners pursuant to Section 54954.6 of the Government
Code. Public notices and assessment ballots (property owner protest ballots) were 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 provided 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 Clerk or its designated alternate tabulated property owner assessment
ballots received from property owners and determined that majority protest did not exist.
Pursuant to the Act, the City Council shall appoint an Owner’s Association (“Association”)
for the District. This 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 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.
Page 2
City of Palm Desert President’s Plaza III PBID Rene wal
Final Engineer’s Report
FY 2006/2007
Description of the District
District Boundary
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.
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 the
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.
Page 3
City of Palm Desert President’s Plaza III PBID Rene wal
Final Engineer’s Report
FY 2006/2007
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 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.
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.
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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.
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Method of Apportionment
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 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.
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 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 2006/2007 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
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Page 7
Table 1: Direct Cost Proposed Assessment and Rate
Proposed Direct
Costs for FY
2006-07
Proposed Rate
(per Square Foot) for
FY 2006-07
First Fiscal Year Maximum 20,400$ 0.0450$
Apportionment of Indirect (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 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 2006/2007 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
Indirect Costs
for FY 2006-07
Proposed Rate
(per Square Foot) for
FY 2006-07
First Fiscal Year Maximum 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 2006/2007 only.
Please refer to the District Budget (Table 4) for future assessment rates.
City of Palm Desert President’s Plaza III PBID Rene wal
Final Engineer’s Report
FY 2006/2007
Page 8
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
Costs for FY
2006-07
Proposed Rate
(per Square Foot) for
FY 2006-07
Direct Costs Maximum 20,400$ 0.0450$
Indirect Costs 12,383$ 0.0272$
Total Costs Maximum 32,783$ 0.0722$
Annual Budget 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 (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.
City of Palm Desert President’s Plaza III PBID Rene wal
Final Engineer’s Report
FY 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. 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.
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.
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FY 2006/2007
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 2010/2011. 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 2006/2007.
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
$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 $51,500. 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.
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.
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.
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Final Engineer’s Report
FY 2006/2007
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.
District 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%) 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.
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Final Engineer’s Report
FY 2006/2007
Page 12
Table 4: Five Year Budget
Actual
Proposed
Assessment
Maximum Proposed Assessment for Fiscal Years
Budget Item FY 2006-07 (1)2006-07 2007-08 2008-09 2009-10 2010-11
Direct Costs
Sweeping Services 4,000$ 4,000$ 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 - W ater 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$ 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 32,783$ 32,783$ 33,550$ 34,341$ 35,155$ 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 0.0450$ 0.0450$ 0.0464$ 0.0478$ 0.0492$ 0.0506$
Levy Rate per Indirect Costs per Sq Ft 0.0272$ 0.0272$ 0.0278$ 0.0280$ 0.0284$ 0.0288$
Total Levy Rate per Square Foot 0.0722$ 0.0722$ 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
Sources: City of Palm Desert; MuniFinancial
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.
(1) FY 2006-07 Actual and Maximum Proposed Assessments are the same.
City of Palm Desert President’s Plaza III PBID Rene wal
Final Engineer’s Report
FY 2006/2007
Appendix A —Assessment Diagram
The Assessment Diagram 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 Assessment Diagram will be kept on file with the City Clerk of the City of Palm Desert..
Page A-1
Asmt. No.Assessor's Parcel No.1 627-192-0062 627-192-0093 627-192-0144 627-192-0205 627-192-0216 627-192-0227 627-192-0238 627-192-0249 627-192-03310 627-192-03411 627-192-03512 627-192-03613 627-192-03714 627-192-03815 627-192-03916 627-192-040
City of Palm Desert President’s Plaza III PBID Rene wal
Final Engineer’s Report
FY 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 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.
Page B-1
City of Palm Desert President’s Plaza III PBID Renewal Final Engineer’s Report FY 2006/2007 Table 5: Assessment RollAsmt No.APNAssessor Parcel NumberProperty OwnerSitus AddressArea Square FootageActual Proposed Assessment for FY 2006-07 (1)Maximum Proposed Assessment for FY 2006-07 (1)1627192006627-192-006DARMON REAL ESTATE INV INC73175 HIGHWAY 11111,000.00 794.20$ 794.20$ 2627192009627-192-009DARMON REAL ESTATE INV INC73211 HIGHWAY 11110,933.00 789.36$ 789.36 3627192014627-192-014EL PASEO COLLECTION NORTH73100 EL PASEO33,940.00 2,450.46$ 2,450.46 4627192020627-192-020RURAL STORES INC73160 EL PASEO11,980.00 864.96$ 864.96 5627192021627-192-021DAVID LINDER & BARBARA LINDER73170 EL PASEO11,958.00 863.36$ 863.36 6627192022627-192-022W RAY HENDERSON & ANNE B HENDERSON73180 EL PASEO11,936.00 861.78$ 861.78 7627192023627-192-023LYONS DARLENE R TRUST73190 EL PASEO ST11,814.00 852.98$ 852.98 8627192024627-192-024EL PASEO PARK PLAZA & NORTON S KARNO73200 EL PASEO35,741.00 2,580.50$ 2,580.50 9627192033627-192-033FIN/CO PARTNERS73241 HIGHWAY 11143,560.00 3,145.04$ 3,145.04 10627192034627-192-034JUST LLC73101 HIGHWAY 11145,738.00 3,302.28$ 3,302.28 11627192035627-192-035NICOLE TRAUBDECABRENS73125 HIGHWAY 11146,173.00 3,333.70$ 3,333.70 12627192036627-192-036JAMES F COTTER73040 EL PASEO17,424.00 1,258.02$ 1,258.02 13627192037627-192-037EL PASEO COLLECTION NORTH73080 EL PASEO34,848.00 2,516.02$ 2,516.02 14627192038627-192-038FAIRFIELD HOME INC73155 HIGHWAY 11144,431.00 3,207.92$ 3,207.92 15627192039627-192-039DARMON REAL ESTATE INV INC73185 HIGHWAY 11121,932.00 1,583.50$ 1,583.50 16627192040627-192-040J HARTLEY KANTOR73130 EL PASEO60,548.00 4,371.56$ 4,371.56 Total453,956.00 32,783.00$ 32,783.00$ Sources: Riverside County Secured Roll; MuniFinancial(1) Due to rounding, totals may not add up to $32,783. Page B-2
CITY OF PALM DESERT
PRESIDENT’S PLAZA III PROPERTY
AND BUSINESS IMPROVEMENT
DISTRICT RENEWAL
FINAL MANAGEMENT DISTRICT PLAN
FISCAL YEARS 2006/2007 TO 2010/2011
Intent Meeting: April 13, 2006
Public Hearing: June 8, 2006
Corporate Office Office Locations
27368 Via Industria Anaheim, CA Oakland, CA
Suite 110 Lancaster, CA Phoenix, AZ
Temecula, CA 92590 Los Angeles Regional Office Sacramento, CA
Tel: (951) 587-3500 Seattle, WA San Diego, CA
Tel: (800) 755-MUNI (6864)
Fax: (951) 587-3510
www.muni.com
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 IN TABLE 4 ...........................................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 President’s Plaza III PBID Renewal
Final Management District Plan
FY 2006/2007
Overview
Introduction
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.
Formation
A written petition of the property owners within the District, representing more than 50
percent of the proposed assessment to be levied was submitted to the Palm Desert City
Council to initiate formation proceedings. The City Council initiated proceedings for the
formation of the District by adopting a resolution expressing its intention to form the
District. The resolution of intention referenced the Engineer’s Report and the Management
District Plan, and noticed the time and place of a public hearing on the formation of the
District and levy of assessments.
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City of Palm Desert President’s Plaza III PBID Renewal
Final Management District Plan
FY 2006/2007
Not less than forty-five (45) days and not more than ninety (90) days of adopting the
resolution of intention, the City Council held a public hearing on the matter of formation,
and caused notice to the property owners pursuant to Section 54954.6 of the Government
Code. Public notices and assessment ballots (property owner protest ballots) were 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 provided 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 Clerk or its designated alternate tabulated property owner assessment
ballots received from property owners and determined that majority protest did not exist.
Pursuant to the Act, the City Council shall appoint an Owner’s Association (“Association”)
for the District. This 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 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.
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City of Palm Desert President’s Plaza III PBID Renewal
Final Management District Plan
FY 2006/2007
Description of the District
District Boundary
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.
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 the
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.
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City of Palm Desert President’s Plaza III PBID Renewal
Final Management District Plan
FY 2006/2007
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 Plan. 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 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.
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.
Page 4
City of Palm Desert President’s Plaza III PBID Renewal
Final Management District Plan
FY 2006/2007
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.
Page 5
City of Palm Desert President’s Plaza III PBID Renewal
Final Management District Plan
FY 2006/2007
Method of Apportionment
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 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.
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 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 2006/2007 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
Page 6
City of Palm Desert President’s Plaza III PBID Renewal
Final Management District Plan
FY 2006/2007
Page 7
Table 1: Direct Cost Proposed Assessment and Rate
Proposed Direct
Costs for FY
2006-07
Proposed Rate
(per Square Foot) for
FY 2006-07
First Fiscal Year Maximum 20,400$ 0.0450$
Apportionment of Indirect (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 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 2006/2007 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
Indirect Costs
for FY 2006-07
Proposed Rate
(per Square Foot) for
FY 2006-07
First Fiscal Year Maximum 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 2006/2007). The rate provided in Table 3 is for Fiscal Year 2006/2007 only.
Please refer to the District Budget (Table 4) for future assessment rates.
City of Palm Desert President’s Plaza III PBID Renewal
Final Management District Plan
FY 2006/2007
Page 8
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
Costs for FY
2006-07
Proposed Rate
(per Square Foot) for
FY 2006-07
Direct Costs Maximum 20,400$ 0.0450$
Indirect Costs 12,383$ 0.0272$
Total Costs Maximum 32,783$ 0.0722$
Annual Budget 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 (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.
City of Palm Desert President’s Plaza III PBID Renewal
Final Management District Plan
FY 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. 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.
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.
Page 9
City of Palm Desert President’s Plaza III PBID Renewal
Final Management District Plan
FY 2006/2007
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 2006/2007 through FY 2010/2011. 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 2006/2007.
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
$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 $51,500. 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.
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.
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.
Page 10
City of Palm Desert President’s Plaza III PBID Renewal
Final Management District Plan
FY 2006/2007
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.
District 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 2006/2007 through Fiscal Year 2010/2011 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 Plan without first
obtaining property owner approval through assessment ballots.
Page 11
City of Palm Desert President’s Plaza III PBID Renewal
Final Management District Plan
FY 2006/2007
Page 12
Table 4: Five Year Budget
Actual
Proposed
Assessment
Maximum Proposed Assessment for Fiscal Years
Budget Item FY 2006-07 (1)2006-07 2007-08 2008-09 2009-10 2010-11
Direct Costs
Sweeping Services 4,000$ 4,000$ 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 - W ater 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$ 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 32,783$ 32,783$ 33,550$ 34,341$ 35,155$ 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 0.0450$ 0.0450$ 0.0464$ 0.0478$ 0.0492$ 0.0506$
Levy Rate per Indirect Costs per Sq Ft 0.0272$ 0.0272$ 0.0278$ 0.0280$ 0.0284$ 0.0288$
Total Levy Rate per Square Foot 0.0722$ 0.0722$ 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
Sources: City of Palm Desert; MuniFinancial
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.
(1) FY 2006-07 Actual and Maximum Proposed Assessments are the same.
City of Palm Desert President’s Plaza III PBID Renewal
Final Management District Plan
FY 2006/2007
Appendix A —Assessment Diagram
The Assessment Diagram 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 Assessment Diagram will be kept on file with the City Clerk of the City of Palm Desert..
Page A-1
Asmt. No.Assessor's Parcel No.1 627-192-0062 627-192-0093 627-192-0144 627-192-0205 627-192-0216 627-192-0227 627-192-0238 627-192-0249 627-192-03310 627-192-03411 627-192-03512 627-192-03613 627-192-03714 627-192-03815 627-192-03916 627-192-040
City of Palm Desert President’s Plaza III PBID Renewal
Final Management District Plan
FY 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 year in which the Engineer’s 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
City of Palm Desert President’s Plaza III PBID Renewal Final Management District Plan FY 2006/2007 Table 5: Assessment RollAsmt No.APNAssessor Parcel NumberProperty OwnerSitus AddressArea Square FootageActual Proposed Assessment for FY 2006-07 (1)Maximum Proposed Assessment for FY 2006-07 (1)1627192006627-192-006DARMON REAL ESTATE INV INC73175 HIGHWAY 11111,000.00 794.20$ 794.20$ 2627192009627-192-009DARMON REAL ESTATE INV INC73211 HIGHWAY 11110,933.00 789.36$ 789.36 3627192014627-192-014EL PASEO COLLECTION NORTH73100 EL PASEO33,940.00 2,450.46$ 2,450.46 4627192020627-192-020RURAL STORES INC73160 EL PASEO11,980.00 864.96$ 864.96 5627192021627-192-021DAVID LINDER & BARBARA LINDER73170 EL PASEO11,958.00 863.36$ 863.36 6627192022627-192-022W RAY HENDERSON & ANNE B HENDERSON73180 EL PASEO11,936.00 861.78$ 861.78 7627192023627-192-023LYONS DARLENE R TRUST73190 EL PASEO ST11,814.00 852.98$ 852.98 8627192024627-192-024EL PASEO PARK PLAZA & NORTON S KARNO73200 EL PASEO35,741.00 2,580.50$ 2,580.50 9627192033627-192-033FIN/CO PARTNERS73241 HIGHWAY 11143,560.00 3,145.04$ 3,145.04 10627192034627-192-034JUST LLC73101 HIGHWAY 11145,738.00 3,302.28$ 3,302.28 11627192035627-192-035NICOLE TRAUBDECABRENS73125 HIGHWAY 11146,173.00 3,333.70$ 3,333.70 12627192036627-192-036JAMES F COTTER73040 EL PASEO17,424.00 1,258.02$ 1,258.02 13627192037627-192-037EL PASEO COLLECTION NORTH73080 EL PASEO34,848.00 2,516.02$ 2,516.02 14627192038627-192-038FAIRFIELD HOME INC73155 HIGHWAY 11144,431.00 3,207.92$ 3,207.92 15627192039627-192-039DARMON REAL ESTATE INV INC73185 HIGHWAY 11121,932.00 1,583.50$ 1,583.50 16627192040627-192-040J HARTLEY KANTOR73130 EL PASEO60,548.00 4,371.56$ 4,371.56 Total453,956.00 32,783.00$ 32,783.00$ Sources: Riverside County Secured Roll; MuniFinancial(1) Due to rounding, totals may not add up to $32,783. Page B-2
PRESIDENT'S PLAZA III
PROPERTY AND BUSINEES IMPROVEMENT DISTRICT
PROPOSED ANNUAL ASSESSMENTS
TABLE 1
APN
627192006
Address
73175 Highway 111
Parcel
SQFT
11,000.00
FY 2006/2007
Annual Assessment
794.20
Maximum
Annual Assessment
794.20
627192009
627192014
627192020
627192021
627192022
627192023
627192024
627192033
627192034
627192035
627192036
627192037
627192038
627192039
627192040
Total
73211 Highway 111
73100 EL PASEO
73160 EL PASEO
73170 EL PASEO
73180 EL PASEO
73190 EL PASEO
73200 EL PASEO
73241 Highway 111
73101 Highway 111
73125 Highway 111
73040 EL PASEO
73080 EL PASEO
73155 Highway 111
73185 Highway 111
73130 EL PASEO
10,933.00
33,940.00
11,980.00
11,958.00
11,936.00
11,814.00
35,741.00
43,560.00
45,738.00
46,173.00
17,424.00
34,848.00
44,431.00
21,932.00
60,548.00
453,956.00
789.36
2,450.46
864.96
863.36
861.78
852.98
2,580.50
3,145.04
3,302.28
3,333.70
1,258.02
2,516.02
3,207.92
1,583.50
4,371.56
32,783.00
789.36
2,450.46
864.96
863.36
861.78
852.98
2,580.50
3,145.04
3,302.28
3,333.70
1,258.02
2,516.02
3,207.92
1,583.50
4,371.56
32,783.00