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SR - President's Plaza E/W Prop & BID FY 07-08
CITY OF PALM DESERT DEVELOPMENT SERVICES STAFF REPORT REQUEST: Approval of the Presidents' Plaza I (East/West) Property and Business Improvement District Annual Budget for Fiscal Year 2007/2008. SUBMITTED BY: Martin Alvarez, Redevelopment Manager Stephen Aryan, Assistant to the City Manager DATE: June 28, 2007 ATTACHMENTS: Resolution No. 07-43 Resolution No. 07-44 Presidents' Plaza I Property and Business Improvement District Management Plan Fiscal Year 2007/2008 District Map Recommendation: Waive further reading and adopt: 1. Resolution No. 07-43 , approving the Presidents' Plaza I Business Improvement District Annual Budget for Fiscal Year 2007/2008. 2. Resolution No. 07-44, ordering the levy and collection of assessments for the Presidents' Plaza I Property and Business Improvement District for Fiscal Year 2007/2008. Executive: The attached resolutions will allow the City Council to approve the annual budget for the Presidents Plaza I Property and Business Improvement District. Approval of the attached resolutions will also allow the City of Palm Desert to levy and collect the annual assessments for Fiscal Year 2007/2008. Background: The Presidents' Plaza I Business Improvement District was re-established in 2003 for a five-year term. The District includes properties generally located on the south side of Highway 111 and on the north side of El Paseo, between Portola Avenue and Larkspur Lane. The City administers the District and collects annual assessments to pay for parking lot landscape maintenance, parking lot lighting, street sweeping, and waste collection within the common parking lot areas. Presidents' Plaza I Budget FY 2007/2008 June 28, 2007 Page 2 of 2 The District is entering its fourth year of the five-year term and the only modification to this year's budget is the allowed three percent cost of living adjustment. The Presidents' Plaza I Advisory Board (El Paseo Merchants Association) met on June 21, 2007, to review the annual budget for Fiscal Year 2007/2008. At the time this report was prepared, Staff anticipates that the Board will recommend approval to the City Council as presented. The attached resolutions will approve next Fiscal Year's budget and will allow the City to levy and collect the annual assessments for Fiscal Year 2007/2008. Staff recommends that the City Council approve the attached resolutions. Submitted Mo tin Alvarez Redevelopment Agency Depart Homer Cro ACM for D Approval: elopment Services ___44X4f7 Carlos L. Orte0 City Manager Paul Gibson Director of Finance St6phepi Y. Aryan Assistant to the Manager ZITY COUNCIL/ACTION: APPROVED v DENIED RE E IVED OTHER Ad 9'a ai PS. Aldo. 0 1 3 0414 07-` q MEETING DATES /A - �4 1)7 AYES : / PJ'Fi)i nnef ATex] 0411 (telly y NOES: AloVe ABSENT :_4itYi ABSTAIN: 6-11f VERIFIED BY : IC()t; /016rn )riginal on File with City Clerk's Office.' • RESOLUTION NO. 07-43 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, APPROVING THE MANAGEMENT DISTRICT PLAN FOR THE PRESIDENT'S PLAZA I PROPERTY AND BUSINESS IMPROVEMENT ASSESSMENT DISTRICT, FISCAL YEAR 2007/08 The City Council of the City of Palm Desert (hereafter referred to as the "City Council") does resolve as follows: WHEREAS, in Fiscal Year 2003/04 the City Council 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 "Code"), and in accordance with the provisions of the California Constitution Article XIIID conducted proceedings for the renewal/formation of the President's Plaza Business Improvement District I (hereafter referred to as the "District"), and the levy of annual assessments connected therewith; and, WHEREAS, on April 10, 2003 the City Council held a full and fair public hearing regarding the renewal/formation of the District and the establishment of annual assessments and the maximum assessments required to pay the maintenance and services of landscaping, lighting, refuse collection and all appurtenant facilities and operations related thereto for a five year period beginning July 1, 2003 and ending June 30, 2008 pursuant to the Code; and, WHEREAS, upon conclusion of the public hearing of April 10, 2003 the City Council tabulated the property owner assessment protest ballots returned and by resolution confirmed that majority protest did not exist and by resolution approved the Management District Plan, appointed an Advisory Board for the District, ordered the renewal/formation of the District, and ordered the levy and collection of the first annual assessments; and, WHEREAS, pursuant to the Code, the City Council appointed the El Paseo Business Association as the Advisory Board for the District and this Advisory Board shall cause to be prepared an annual Management District Plan (hereafter referred to as the "Report") each fiscal year for which assessments are to be levied and collected, said 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; the estimated costs and method of assessment; the amount of any surplus or deficit; and contributions from other sources; and, • RESOLUTION NO. 07-43 WHEREAS, pursuant to the Code, the Advisory Board has caused to be prepared a Report in connection with the District describing the proposed improvements, services, expenditures and assessments to be levied for Fiscal Year 2007/08, 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 I Property and Business Improvement Assessment District, Fiscal Year 2007/08"; 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 of assessments 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 Management District Plan as presented, consists of the following: A. A Description of the District boundaries and all properties benefiting from the improvements and services. B. A Description of Improvements and services to be provided by the District. C. The Annual Budget (Estimates of Costs and Expenses of Services, Operations and Maintenance), D. The District Roll containing the Levy of Assessments for each Assessor Parcel within the District, Section 3 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. 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 Advisory Board. RESOLUTION NO. 07-43 PASSED, APPROVED, AND ADOPTED this day of 2007. STATE OF CALIFORNIA COUNTY OF RIVERSIDE ss. CITY OF PALM DESERT I, , City Clerk of the City of Palm Desert, County of Riverside, State of California do hereby certify that the foregoing Resolution No. was regularly adopted by the City Council of said City of Palm Desert at a regular meeting of said Council held on the day of 2007 by the following vote: AYES: NOES: ABSENT: ABSTAINED: RICHARD S. KELLY, Mayor City of Palm Desert RACHELLE D. KLASSEN, City Clerk City of Palm Desert 3 • RESOLUTION NO. 07-44 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA ORDERING THE LEVY AND COLLECTION OF ASSESSMENTS FOR THE PRESIDENT'S PLAZA I PROPERTY AND BUSINESS IMPROVEMENT ASSESSMENT DISTRICT, FISCAL YEAR 2007/08 The City Council of the City of Palm Desert (hereafter referred to as the "City Council") hereby finds, determines, resolves and orders as follows: WHEREAS, on April 10, 2003 the City Council called and duly held a public hearing and property owner protest ballot proceedings for the President's Plaza I Property and Business Improvement Assessment 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 "Code") and the California Constitution Article 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 a five year period beginning July 1, 2003 and ending June 30, 2008, for the costs and expenses associated with the maintenance and operation of landscaping, lighting, refuse collection 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 April 10, 2003 did cast their ballots resulting in the approval of the District renewal/formation and annual levy of assessments related thereto; and, WHEREAS, the City Council, pursuant to the Code did by previous Resolutions formed the District, and approved a Management District Plan in connection with the renewal/formation of the District and appointed an Advisory Board that shall cause to be prepared an annual report regarding the District for the City Council's approval; and, WHEREAS, the Advisory Board has held a meeting for reviewing and approving the proposed budget for Fiscal Year 2006/07 and has prepared a Report in connection with the District for Fiscal Year 2006/07, 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 I Property and Business Improvement Assessment District, Fiscal Year 2007/08"; and, WHEREAS, The City Council has carefully examined and reviewed the Report as presented, and by previous resolution has approved said Report. 1 RESOLUTION NO. 07-44 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 levy and collect the annual assessment for President's Plaza I Property and Business Improvement Assessment District for Fiscal Year 2007/08 pursuant to the provisions of the Code. Section 3 Based upon its review of the Management District Plan, a copy of which has been presented to the City Council and filed with the City Clerk, the City Council hereby finds and determines that: A. 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. B. District includes all of the lands so benefited; and C. 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, 2007 and ending June 30, 2008 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. D. The Assessments so described in the Management District Plan are consistent with the assessments so approved by the property owners within the District. Section 4 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 5 The City Council hereby orders the 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 for Fiscal Year 2007/08. 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. • RESOLUTION NO. 07-44 Section 6 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 I Property and Business Improvement Assessment District, and such money shall be expended only for the improvements described in the Management District Plan. Section 7 The adoption of this Resolution constitutes the District levy for the Fiscal Year commencing July 1, 2007 and ending June 30, 2008. Section 8 The City Clerk is hereby authorized and directed to file the levy with the County Auditor upon adoption of this Resolution. 3 • RESOLUTION NO. 07-44 PASSED, APPROVED, AND ADOPTED this day of 2007. STATE OF CALIFORNIA COUNTY OF RIVERSIDE ss. CITY OF PALM DESERT I, , City Clerk of the City of Palm Desert, County of Riverside, State of California do hereby certify that the foregoing Resolution No. was regularly adopted by the City Council of said City of Palm Desert at a regular meeting of said Council held on the _ day of 2007 by the following vote: AYES: NOES: ABSENT: ABSTAINED: RICHARD S. KELLY, Mayor City of Palm Desert RACHELLE D. KLASSEN, City Clerk City of Palm Desert 4 CITY OF PALM DESERT MANAGEMENT DISTRICT PLAN PRESIDENT'S PLAZA I PROPERTY AND BUSINESS IMPROVEMENT DISTRICT FISCAL YEAR 2007/08 4/ 2,- ot..\, \\--:s. t IiI 0• Public Hearing June 28,2007 MuniFinancial Corporate Office: Office Locations: 27368 Via Industria Lancaster, CA Orlando, FL Suite 110 Oakland, CA Seattle, WA Temecula, CA 92590 Sacramento, CA Memphis, TN Tel: (951) 587-3500 Phoenix, AZ Tel: (800) 755-MUNI (6864) Fax: (951) 587-3510 www.muni.corn TABLE OF CONTENTS I. OVERVIEW 2 A. Introduction 2 B. Renewal/Formation 2 II. DESCRIPTION OF THE DISTRICT 3 A. Description of the District Boundary 3 B. Description of the Improvements and Activities 4 C. Special Benefits of the Improvements and Activities 4 III. METHOD OF APPORTIONMENT 6 A. Method of Apportionment Rationale 6 B. Method of Apportionment Calculations 9 IV. DISTRICT BUDGET 13 A. Description of Budget Items 13 B. District Budget 16 APPENDIX A-DISTRICT BOUNDARY MAP 18 APPENDIX B -PARCEL LEVY INFORMATION 20 APPENDIX C-ASSESSMENT ROLL 21 • President's Plaza I Property and Business Improvement District Management District Plan,City of Palm Desert Fiscal Year 2007/08 I. OVERVIEW A. Introduction The City of Palm Desert (the"City") formed and established the President's Plaza I Property and Business Improvement Assessment District (the "District") beginning in Fiscal Year 1998/1999 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 "Code"). Pursuant to the Code, 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 ("California Constitution"). Under the provisions of the Code, the property owners within the District may renew the District for a maximum term of ten (10) years. Pursuant to the Code, and the provisions of the California Constitution, the property owners within the District approved the continuation of the District and assessments for an additional five years and on April 10, 2003 the City authorized the funding for improvements and activities authorized within the District for a period of five years (Fiscal Years 2003/2004 through 2007/2008). This Management District Plan — Annual Report (the "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 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, identifiedAssessor's and 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. B. Renewal/Formation Pursuant to the Code, the renewal of the District requires similar proceedings to that of the initial District formation. A written petition of the property owners within the District, representing more than 50 percent (50%) of the proposed assessment to be levied was submitted to the Palm Desert City Council. 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 contained the Management District Plan and the time and place of a public hearing on the establishment of the District and levy of assessments. MutuFinancial Page 2 President's Plaza I Property and Business Improvement District Management District Plan,City of Palm Desert Fiscal Year 2007/08 Within 90 days of adopting the resolution of intention, the City Council held a public hearing on the matter,and caused notice to the property owners pursuant to Section 54954.6 of the Government Code. Assessment ballots (property owner protest ballots) were mailed to each property owner at least 45 days prior to the public hearing pursuant to the California Constitution. Pursuant to the Code, the City Council also caused the publication of the resolution of intention in a newspaper of general circulation; mailed the resolution of intention by first-lass mail to each property owner in the District and to each local chamber of commerce and business organization located within the District. 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 Management District Plan. Pursuant to the California Constitution, the City Council tabulated property owner assessment ballots received from property owners to determine whether a majority protest existed. It was determined and declared by resolution that majority protest did not exist and the property owners confirmed and approved the assessments. Pursuant to the Code, the City Council appointed an Advisory Board for the District. This Advisory Board shall make yearly recommendations to the City Council on the expenditures of revenue derived from the levy of assessments and on the classification of properties as applicable. At least one member of the Advisory Board shall be a business licensee within the District who is not a property owner within the District.This Advisory Board 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. II. DESCRIPTION OF THE DISTRICT A. Description of the District Boundary The District consists of all parcels located in the commercial business area known as the President's Plaza within the City of Palm Desert, County of Riverside. The District includes forty-two (42) assessed commercial parcels and three (3) non-assessed parking lot parcels 627-212-016, 627-221-011, and 627-221-043 and one (1) non-assessed easement/walkway parcel 627-222-042. There are no vacant parcels remaining within the District. (Note:When the District was formed in Fiscal Year 1998/1999, there were forty commercial developed properties and three commercial vacant properties.) The boundary of the proposed District (Presidents Plaza) and the parcels therein are located South of Palm Desert Drive at Highway 111; North of El Paseo; West of Portola Avenue; and East of Larkspur Lane. President's Plaza is commonly referred to as President's Plaza East (The area east of San Luis Rey Avenue); and President's Plaza West (The area west of San Luis Rey Avenue) located within the boundaries of the District. MunsFinancial Page 3 President's Plaza I Property and Business Improvement District Management District Plan,City of Palm Desert Fiscal Year 2007/08 B. Description of the Improvements and Activities In an effort to enhance and improve business opportunities and the appearance of the area known as the President's Plaza, the City 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 I Property and Business Improvement District was formed in 1998 to provide and ensure the continued maintenance of the improvements after the renovations had been completed. In 2003, the property owners renewed the District for another five (5) year term; therefore, the assessments generated will continue this maintenance. It has been determined that the properties within the District and the businesses associated with those properties receive special and distinct benefits from the improvements and activities to be funded through the assessments. The improvements include the necessary activities, services, operation, administration, and maintenance required to keep the improvements in satisfactory condition including 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; the cleaning, sandblasting, and repainting of walls and other improvements to remove or cover graffiti; 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,and, • Parking lot lighting facilities—including but not limited to: bulbs,fixtures,poles,wiring, and electrical energy,and, • Debris removal—including but not limited to: solid waste containers, refuse collection services,and 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 Section III of this Report. The total funds collected shall be dispersed and used for only the services and operations provided to the District. C. Special Benefits of the Improvements and Activities 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, regular sweeping of the parking lot, and refuse collection services and facilities. MunrPinancia! Page 4 President's Plaza I Property and Business Improvement District Management District Plan,City of Palm Desert Fiscal Year 2007/08 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. 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. Debris removal (parking lot sweeping) and refuse collection are essential and necessary activities for all properties—particularly commercial properties. These activities and services are proposed to be funded through the assessments solely for the special benefit of properties and businesses within the District.The benefits associated with these services are: 1. Enhanced aesthetic appeal of the parking area and the properties that are associated with the parking area. 2. Improved dust control. 3. A positive representation of the businesses within the District. 4. A centralized location of refuse collection facilities and availability of the service that would otherwise require individual facilities that could be cost prohibitive and physically restrictive. The on-going operation and maintenance of the landscaping and lighting improvements, sweeping, and refuse collection services 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. MumFinancial Page 5 President's Plaza I Property and Business Improvement District Management District Plan,City of Palm Desert Fiscal Year 2007/08 III. METHOD OF APPORTIONMENT A. Method of Apportionment Rationale The costs of the District improvements have each been apportioned by a formula and method that fairly distributes the net amount to be assessed among all assessed parcels in proportion to the estimated special benefits to be received by each such parcel from the improvements. Parking Lot Improvements and Services: Assessed parcels within President's Plaza are adjacent to centralized parking facilities (lots) that provide access, parking, and delivery areas for the businesses and parcels within the District. Each parcel derives special benefit from the parking lot improvements and the services and activities necessary to maintain the parking lot. The improvements include several landscaped islands and medians, lighting facilities, and sweeping services. Each assessed parcel within the District receives a direct and special benefit from these improvements and shares proportionately in the cost of maintaining the parking lot. The parking area consists of the three parcels that are entirely parking lot area and portions of many of the assessed parcels within the District. The three parcels that are entirely parking lot area parcels (627-212-016; 627-221-011; and 627-222-043), and one easement/walkway parcel(627-222-042) receive no special benefit from the improvements and are not assessed. In determining the method of apportionment for these improvements, each parcel's benefit is based on the parking area adjacent to, and associated with, each 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 front footage adjacent to the parking area. Most parcels within the District front the parking lot on only one side (north or south side of the property).To ensure a reasonable and equitable apportionment of special benefit, parcels that front the parking lot on more than one side (corner properties), are only assessed for their front footage along the north or south side of their property adjacent to the parking lot. Solid Waste (Refuse) Collection Services: Establishing separate refuse receptacles for each parcel or business within President's Plaza, and thereby allowing for separate charges and agreements for this service,is not possible due to limited space and accessibility. Therefore, several common refuse containers have been placed within the parking lot area for use by all the properties and businesses within the District. Historically, all developed properties within President's Plaza have shared proportionately in the costs associated with refuse collection based on the building square footage of the structures on each parcel. In determining the method of apportionment for refuse collection services, the possibility of factoring in business types as well as building square footage was considered. However, the MumFinancial Page 6 President's Plaza I Property and Business Improvement District Management District Plan,City of Palm Desert Fiscal Year 2007/08 inclusion of business types in the calculation of an annual assessment poses several problems. First, many of the parcels assessed include multiple business types, which could require a complex calculation to identify potential use of the service. Second, businesses often change from year to year or even month to month making specific business related assessments difficult to track and expensive to administer. Third, establishing a method of apportionment that is business-specific rather than parcel-specific would likely result in annual changes for each parcel's assessment even if the cost of the service was unchanged. Finally, the level of service (number of pick-ups and receptacles) has changed very little over the last several years. Although many of the businesses and business types have changed within the District,the total cost of providing this service has remained fairly constant. In contrast, it is not reasonable to assume that all developed parcels utilize or require the same level of refuse service—typically the larger the building, the greater amount of refuse is generated. Therefore, it has been determined that a fair and reasonable estimate of each parcel's benefit for refuse collection is the approximate building square footage determined for each parcel. As noted previously, due to limited space and accessibility, it is not possible for each parcel or business within President's Plaza to have separate containers or agreements with the waste hauler. However,it is recognized that the baseline level of service (i.e.,number of bins, size of the bins and frequency of service) established for the District may not be adequate or appropriately reflect the needs of changing business within the District. Therefore, the following considerations and criteria shall be followed when the level of service provided requires modifications: 1. If the level of service is reduced, the incremental cost savings (if any) will be reviewed and applied as follows: a. Reserve Fund Account — The City staff and the Advisory Board will evaluate the existing available Reserve Funds to ensure an acceptable amount of money is being retained for normal annual operation of the District. Based on this evaluation, the Advisory Board will modify the annual report (recommendation to the City Council) to apply all or a portion of the cost savings to the Reserve Account. A fully funded Reserve is an amount equal to approximately one half of all annual operating expenses. However, most operating reserves are typically less than 50%, but greater than 25%of all annual operating expenses. b. Reduced Assessments—After reviewing the Reserve Account, any cost savings not applied to the Reserve Account (Reserve Fund Collection) will be passed on to each parcel within the District by reducing their annual assessment for the next fiscal year, in proportion to their estimated benefit (method of apportionment). 2. If the level of service is increased, the incremental cost increase (if any) will be reviewed and applied as follows: a. Increased service District-wide — When the current District was renewed/formed, an assessment range formula was approved. This formula provided for anticipated cost of living increases, but also allowed some flexibility for increased costs due to increased levels of service. If an increased level of service is required for the entire MumFinancial Page 7 President's Plaza I Property and Business Improvement District Management District Plan,City of Palm Desert Fiscal Year 2007/08 District, the increase is reflected in the annual budget. This budget increase will typically facilitate a proportional increase of the annual assessment. If the increased cost results in an assessment rate that exceeds the maximum assessment allowed, • then reserve funds will be used to reduce the annual assessment to the maximum assessment allowed. If the reserve fund is not sufficient to cover the cost increase, the City Council may provide a temporary loan to the District or conduct a property owner ballot proceeding for an assessment increase. b. Increased service for one parcel—When the current District was renewed/formed, a baseline assessment rate and level of service was established for all properties within the District. As businesses within the District change or continue to grow, these businesses may facilitate a need for an increased level of service, but it is not fair or equitable to spread the cost of this increased service to other properties within the District. Therefore, if a business requires an increased level of service that particular business owner or the property owner must pay the resulting cost increase as a surcharge. Either the City or the property owner may initiate the need for an increased service level. The City Council shall make the final determination as to the appropriate mechanism by which the increased level of service will be provided. The increased level of service may be accomplished by: • Increasing the number of pick-ups on the specific bin(s) used by the property or business. • Increasing the size of the specific bin(s) used by the property or business if space permits. • Provide separate bin(s) for the property or business if space and accessibility permits. • Any combination of the above. The costs associated with the increased level of service shall be the obligation of the business and/or property owner provided the additional service. Payment for the increased level of service shall be reviewed by the Advisory Board,which will make a recommendation to the City Council for approval. The additional cost of providing the increased level of service may be added to the annual assessment for the property as a surcharge (in addition to their annual assessment), upon written petition of the property owner and approval by the City Council (This may require a signed agreement between the property owner and the City of Palm Desert). However, before any action is taken to add a surcharge to the property tax roll as part of the property's annual assessment, the property owner/business shall work with City staff and the Advisory Board to establish the additional service and arrange for direct payment to the service to the waste hauler or the City if at all possible. Muni inancial Page 8 President's Plaza I Property and Business Improvement District Management District Plan,City of Palm Desert Fiscal Year 2007/08 B. Method of Apportionment Calculations The apportionment of benefit within the District utilises a weighting factor known as a Benefit Unit Factor (BUF). Each parcel's BUF represents a percentage of the total BUF applied. Depending on the improvement or activity provided, the BUF assigned to each parcel is based on either the parcel's development (approximate building square footage) or the parcel's area of improvement (front footage to the parking lot). The cost of refuse collection services is apportioned based on each parcel's approximate building square footage. All other improvements and services funded through the District are associated with the parking lot. The total cost of the parking lot improvements and services is apportioned to each parcel based on their front footage to the parking lot. The sum of each parcel's proportionate share of refuse costs and parking lot costs represents the parcel's Total Direct Cost. In addition to a parcel's Total Direct Cost, each parcel is assessed for administration expenses and a reserve fund collection (Indirect Costs). The Indirect Costs for each parcel have been apportioned by a percentage of the parcel's Direct Costs, not to exceed fifteen percent (15%). Therefore, each parcel's Total Annual Assessment is the sum of its proportionate share of the Total Direct Cost and Total Indirect Costs. Although each parcel's proportional benefit and assessment for each improvement is calculated individually, each parcel's maximum assessment is based on the parcel's combined assessment for all costs and services. The rate applied to any one improvement or service may exceed the maximum rate originally established, provided the parcel's combined assessment does not exceed the combined maximum assessment established for the property (excluding changes in land use or development). The County requires that all annual assessments levied and submitted for collection on tax bills be rounded to the nearest even penny, thus allowing the total assessment to be split into two installments. In order to comply with the County's requirements, the calculation of each assessment component (i.e., refuse costs, parking lot costs and indirect costs) is rounded to the nearest even penny and then added together for the parcel's Total Annual Assessment. The following describes the general method used to arrive at each parcel's proposed assessment: Apportionment of Direct Costs Refuse Collection Assessment: The Total Refuse Cost estimated for refuse services is based on the City's contract with the waste hauler for service to President's Plaza.This Total Refuse Cost divided by the estimated Total Building Square Footage establishes a Rate per square foot. This Rate multiplied by each parcel's estimated building square footage equals the parcel's proportionate share of the refuse service cost(rounded to the nearest even penny). Mun:Financial Page 9 President's Plaza I Property and Business Improvement District Management District Plan,City of Palm Desert Fiscal Year 2007/08 Total Refuse Cost/Total Building Square Footage = Rate per Square Foot Rate x Parcel Building Square Footage = Refuse Assessment Note: For purposes of calculating the refuse assessment, the building square footage for each parcel has been rounded to the nearest hundred square feet. Refer to Appendix `B" for building square footage applied. Refuse Adjusted Rate Budget (per Sq.Ft.) First Fiscal Year $ 103,000 $0.357 Second Fiscal Year $ 106,090 $0.367 Third Fiscal Year $ 109,273 $0.378 Fourth Fiscal Year $ 112,551 $0.390 Fifth Fiscal Year $ 115,927 $0.401 Currently forty-two (42) developed commercial properties within the District are assessed for refuse collection services based on approximate building square footage. (Refer to Appendix C for individual Refuse assessments). Parking Lot Assessment: The Total Lot Cost estimated for parking lot improvements and services (maintenance) is based on the estimated annual costs to maintain the landscaping, lighting, and mechanical sweeping of the parking lot within President's Plaza. This Total Lot Cost divided by the applied parking lot Total Front Footage, establishes a Rate per front foot. This Rate multiplied by each parcel's applied front footage equals the parcel's proportionate share of the parking lot maintenance costs (rounded to the nearest even penny). Total Lot Cost/Total Front Footage = Rate per Front Foot Rate x Parcel Front Footage = Parking Lot Assessment Note: For purposes of calculating the parking lot assessment, each parcel's front footage is based on either the parcel's northern or southern lot line footage rounded to the nearest five feet.Refer to Appendix`B"for front footage applied. Mun:Financial Page 10 President's Plaza I Property and Business Improvement District Management District Plan,City of Palm Desert Fiscal Year 2007/08 Parking Lot Adjusted Rate Budget (per Fr. Ft.) First Fiscal Year $ 26,600 $7.122 Second Fiscal Year $ 27,398 $7.335 Third Fiscal Year $ 28,220 $7.556 Fourth Fiscal Year $ 29,067 $7.782 Fifth Fiscal Year $ 29,939 $8.016 All other parcels within the District receive direct and special benefits from the parking lot improvements and services. Each of these parcels is assessed proportionately based on their northern or southern front footage adjacent to the parking lot. Apportionment of Indirect Costs To ensure the improvements, activities, and services provided and funded through the District are continued, each parcel is proposed to be assessed for operational 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 annual assessment for Indirect Costs has been established at fifteen percent (15%) of the Total Direct Costs assessed to each parcel. The sum of each parcel's proportionate share of refuse costs and parking lot costs represents the parcel's Direct Cost. This Direct Cost multiplied by fifteen percent (15%) represents each parcel's proportionate share of the Indirect Costs. Parcel's Total Direct Cost X 15% = Indirect Assessment Operation Adjusted Budget (15%of Direct Cost) First Fiscal Year $ 19,440 Second Fiscal Year $ 20,023 Third Fiscal Year $ 20,624 Fourth Fiscal Year S 21,243 Fifth Fiscal Year S 21,880 Mun:Financial Page 11 President's Plaza I Property and Business Improvement District Management District Plan,City of Palm Desert Fiscal Year 2007/08 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 and the maximum amount projected. The maximum projected amounts were determined by applying an annual inflationary factor of three percent (3%) over the five-year duration of the District based on the first year assessments. MumFinancial Page 12 President's Plaza I Property and Business Improvement District Management District Plan,City of Palm Desert Fiscal Year 2007/08 IV. DISTRICT BUDGET A. Description of Budget Items Direct Benefit Costs Landscape Maintenance Contract—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 operations required within the District is determined by City staff,but is generally scheduled weekly. Landscape Water—Utility cost to furnish water required landscape irrigation. Landscape Electric—Utility cost for furnishingof electricityrequired for the operation of P tY 9 P the irrigation systems and ornamental lighting. Landscape Repairs—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.Also included may be planned upgrades.These upgrades could include replacing plant materials or renovation of irrigation systems. Lighting—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. Sweeping Services—Weekly cleaning of the parking lot and gutters using a contracted, mechanized service. Solid Waste Removal Services—The furnishing of bins and bi-weekly collection of solid waste. The City contracts with the waste hauler for this service. Only developed properties (with a structure)receive special benefit from this service and are assessed for this service. MumPinancia! Page 13 President's Plaza I Property and Business Improvement District Management District Plan,City of Palm Desert Fiscal Year 2007/08 Indirect Benefit Costs 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. 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 $0.20 per assessment,and is in addition to the County Administration Fee. Miscellaneous Expenses—This is a fund for additional costs related to District administration including required formation,documentation,recordation,and legal fees. Reserve Fund Collection—The Reserve Fund provides for collection of funds to operate the District from the time period of July 1 (beginning of the Fiscal Year) through January when the County provides the City with the first installment of assessments collected from the property tax bills. The 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 the fiscal year. The 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. Levy Breakdown Total Direct and Indirect Costs—This is the sum total of all budgeted Direct and Indirect costs. Anticipated Deficit/Surplus—This item may include anticipated costs of the District that exceed the amount to be collected. This item also reflects beginning balance deficits. When the actual cost and expenditures for the District were greater than the amount budgeted and collected in the prior fiscal year, the District has a Beginning Balance Deficit. This deficit may be the result of unforeseen and extraordinary costs incurred, or assessments actually collected were less than anticipated. When a deficit occurs, the deficit amount may be added to the amount to be collected through the levy for the current fiscal year or recovered through use of the Reserve Fund. When the actual costs and expenditures for the District are less than the amount budgeted and collected in the prior fiscal year, the District has a Beginning Balance Surplus. When a surplus occurs, the amount may be used to reduce assessments or may be added to the Reserve Fund. MumFinancial Page 14 President's Plaza,I Property and Business Improvement District Management District Plan,City of Palm Desert Fiscal Year 2007/08 Other Revenue Sources—This item may include additional funds designated for use by the District that are not from District assessments. These funds are added to the District account and may be added to the Reserve Fund or used to reduce assessments, and may be from either non-District or District sources including City General Fund Contributions or interest earnings on the Reserve Fund. Contribution Replenishment—The Contribution Replenishment represents repayments of amounts that had been temporarily advanced by the City to cover costs associated with the improvements. It is anticipated that the City will provide a temporary loan to the District to continue the improvements and services in the first fiscal year until the first assessments are collected.This loan will be repaid in the first fiscal year and is not reflected in the budget. Balance to Levy—This is the total amount to be levied and collected through assessments for the current fiscal year. The Balance to Levy represents the sum of Total Direct Costs, Indirect Costs, Revenue Deficits, Other Revenue Sources, Revenue Surpluses, and Contribution Replenishments. District Statistics Total Number of Parcels—The total number of parcels within the District. Total Parcels Levied—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. Total Building Square Footage—This is the sum total of the building square footage applied to each parcel within the District. Total Front Footage (parking lot)—This is the sum total of the front footage applied to each parcel within the District. Levy Rate per Square Foot—This amount represents the Rate being applied to each parcel's individual building square footage (calculation of each parcel's proportionate share of refuse collection costs). The Levy Rate per Square Foot is the result of dividing the estimated total refuse cost for that year by the sum of the District's Total Square Footage. The rate is calculated to three decimal places. Levy Rate per Front Foot—This amount represents the Rate being applied to each parcel's individual parking lot front footage (calculation of the parcel's proportionate share of parking lot maintenance costs). The LevyRateper Front Foot is the result of dividingthe p g ) estimated total parking lot costs for that year by the sum of the District's Total Front Footage.The rate is calculated to three decimal places. MumFinancial Page 15 President's Plaza I Property and Business Improvement District Management District Plan,City of Palm Desert Fiscal Year 2007/08 Levy Rate for Indirect Costs—This amount represents the percentage applied to each parcel's Direct Costs to determine the parcel's proportionate share of the amount to be assessed for administrative expenses and Reserve Fund Collection. A maximum rate of fifteen percent (15%) has been established, but it is anticipated that the maximum amount will be collected each year in order to establish and maintain a reasonable Reserve Fund. B. District Budget The District Budget shown on the following table lists the estimated costs of providing the various improvements and services. The costs and the resulting rate for each fiscal year is based on the estimated costs to provide the improvements and services that year. The projected annual costs anticipated over the five-year duration of the District assessments have been calculated on an annual inflationary factor of three percent (3%) from the first fiscal year. However, this inflation factor does not mean the assessments will increase annually by three percent (3%). The Advisory Board 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. • MunzFinancial Page 16 President's Plaza I Property and Business Improvement District Management District Plan,City of Palm Desert Fiscal Year 2007/08 District Budget Huai a`,t Forecast Forecast Foot Forecast Proposed Budget Budget Budget Budget Beget Budget BUDGET flfl1E 2003-04 2004-05 2005-06 2006-07 2007.08 2007-08 Direct Benefit Costs Landscape Maintenance Costs 5,103 5,743 5,411 5,573 5,740 5,305 Lan>dscapeWatti 4,000 4,120 4,244 4,371 4,502 4,880 IaudscapeFle`'"c - - - - - - Landscape Repairs 3,500 3,605 3,713 3,825 3,939 3,939 Mscellaneois - - - - - - lighting 10,000 10,300 10,609 1Q927 11,255 10,079 Sweeping Services 4,003 4,133 4,244 4,371 4,502 4,774 Sabtotd of Senkes based on Front Footgee 24600 27,356 213,220 29,057 29,939 28,977 Solid Waste Removal Services 103,000 105,090 109,273 112,551 115,92/ 115,927 Subtotal of Serdces bzedon Building Square Foote 103,X0 1CY,C% 109,27.3 112,551 115,927 115,927 Direct Benefit Subtotal 129,600 133,488 137,493 141,617 145,866 144,904 Adnitgstration/Resetves District Administration 8,480 8,734 8,996 9,266 9,544 9,544 County Administration Fee 123 124 127 131 135 135 County PerPaulFee 8 8 8 8 8 8 Msaellaneous Expenses 2,800 2,830 2,800 2,800 2,800 2,830 Al nb s rrli2e Subtotal 11,408 11,666 11,E 12,206 12,488 12,487 Reserve Fund Collection(5°// 6,480 6,674 6,875 7,081 7,23 7,245 Indirect Benefit Subtotal 17,::•: 18,341 18,807 19,287 19,781 19,732 Levy Breakk n Total Direct and Indirect Costs 147,488 151,82) 156,299 160,904 165,647 164,636 .,hrrticipatedIkfiat or Surplus - - - - - - other Revenue Sources - - - - - BALANCE'In LEVY 147,488 151,829 156,299 160,904 165,647 164,636 District Statistics Total Parcels 46 46 46 46 46 46 Taal Parnds To levy 42 42 42 42 42 42 Total BikbtgSquare Footage 288,900 288,900 288,900 28Q900 288,900 :N3,900 Total Fiout Fuotagz(PadringIre) 3,735 3,735 3,735 3,735 3,735 3,735 Ievy Rate per Square F oot $ 0.357 $ 0.367 $ Q378 $ Q390 $ 0.401 $ 0.401 Levy Rate per Flat Foot $ 7.122 $ 7.335 $ 7.556 $ 7.782 $ 8016 $ 7.758 levy Rate fore/Reserves 15% 15% 15% 15% 15% 15°/ Reserve Information Previous Reserve Balance 25,318 31,798 38,472 45,347 52,428 49,427 Frding Reserve Palance 31,798 38,472 45,347 5 428 59,721 56,672 MunrFinancial Page 17 President's Plaza I Property and Business Improvement District Management District Plan,City of Palm Desert Fiscal Year 2007/08 APPENDIX A - DISTRICT BOUNDARY MAP The boundary map for the District is represented on the following page(s) and is inclusive of all parcels identified on the County of Riverside Assessor's Parcel Map 627-212,627-221,and 627-222. MuniFinancial Page 18 _I I p y� 627-22 T.ca.bsi FOR. SE//4 SrE 20, T.5S., R.6E ..,.,r«S'..P,.rorY aar ,,1. S 2e6 • • a �. .u.- + .. ,'. STATE HWY /// i•or 4 • --m"--;•':-.=r - ';..-'7' - -\l' i _,.e..... ,r I .V ,....I:'VL- 1..,'''' "1,-.ice. I'a 14,1 • I j 1 : ' ® e i1» - 3 q� sj$ ® S ® rj r � � = e � © ,� r � r � o� r � Ylc� wn Pr �.. d f0 • • LSA kCn © O 0 Y ©¢rr{ic .jj nN�, ® © Q DI ® , ® ®— W �• �nat� «a.. I 6..i...35, / sri--vnra 7 O ® I "7 r,a•nr-Er �n> Is eu • ar,1.� Ga 'JO .IC) 1 1 1 ° N 0>037:':1' - a J ss, .oi rr! rin� si nl rr� a� rr� ri i mf e1 ,r n f 1 A a�.rr `' 1 I i i v,�Z.T.T w I m�© I A s CQOr•11 i.. 1 . - 1 m �. / cogp 9 • s Rh A r�....,n� 2/7 O U 1. .. .Y, A, fj7�=r1T-1•-'a7 M..Et 21/50-54 Pair Owed v et NM 1111111M ... ,,.sr..w FEB 0 4 1001 ," y mmmiii _—mm Amssorf aW 6,7 P6.22 _-- RIVERSIDE COMM Lair. IIZ1 ^J JOLT 1967 • • ,A+.`c e �D A ti N.) n A o 0 c� v y President's Plaza I Property and Business Improvement District Management District Plan,City of Palm Desert Fiscal Year 2007/08 APPENDIX B - PARCEL LEVY INFORMATION The following parcel information including building square footage and front footage is used in calculating each parcel's proportionate share of all District Costs. Assessor's Building Square Footage Front Footage Parcel Number Acres Land Use Net Applied Net Applied 627212002 0.23 Commercial Developed 3885 3,900 50.00 50 627212003 0.89 Commercial Developed 8650 8,700 200.00 200 627212004 0.46 Commercial Developed 8525 8,500 100.00 100 627212005 0.82 Commercial Developed 12132 12,100 171.55 170 627212006 0.25 Commercial Developed 5820 5,800 50.00 50 627212009 0.25 Commercial Developed 8150 8,200 50.00 50 627212010 0.25 Commercial Developed 3210 3,200 50.00 50 627212011 0.25 Commercial Developed 5030 5,000 50.00 50 627212012 0.25 Commercial Developed 2400 2,400 50.00 50 627212014 0.25 Commercial Developed 5000 5,000 50.00 50 627212015 0.92 Commercial Developed 20987 21,000 221.55 220 627212016 0.08 Exempt(Parking Lot) 0 0 0.00 0 627212017 0.50 Commercial Developed 10238 10,200 100.00 100 627221001 0.22 Commercial Developed 4750 4,800 50.00 50 627221002 0.22 Commercial Developed 4750 4,800 50.00 50 627221004 0.75 Commercial Developed 18182 18,200 213.02 215 627221008 0.24 Commercial Developed 5300 5,300 50.00 50 627221009 0.24 Commercial Developed 4563 4,600 50.00 50 627221010 0.68 Commercial Developed 1568 1,600 225.16 225 627221011 0.25 Exempt(Parking Lot) 0 0 0.00 0 627222002 0.22 Commercial Developed 4435 4,400 50.00 50 627222003 0.22 Commercial Developed 3250 3,300 50.00 50 627222004 0.22 Commercial Developed 3250 3,300 50.00 50 627222005 0.21 Commercial Developed 3000 3,000 50.00 50 627222008 0.42 Commercial Developed 6712 6,700 100.00 100 627222014 0.21 Commercial Developed 4692 4,700 50.00 50 627222015 0.21 Commercial Developed 3900 3,900 50.00 50 627222021 0.24 Commercial Developed 3762 3,800 50.00 50 627222024 0.24 Commercial Developed 5050 5,100 50.00 50 627222025 0.24 Commercial Developed 5000 5,000 50.00 50 627222026 0.24 Commercial Developed 5000 5,000 50.00 50 627222027 0.24 Commercial Developed 5150 5,200 50.00 50 627222028 0.23 Commercial Developed 4950 5,000 50.00 50 627222029 0.23 Commercial Developed 4800 4,800 50.00 50 627222030 0.23 Commercial Developed 4950 5,000 50.00 50 627222034 0.42 Commercial Developed 6276 6,300 100.00 100 627222038 0.48 Commercial Developed 9900 9,900 100.00 100 627222041 0.32 Commercial Developed 5925 5,900 75.00 75 627222042 0.11 Exempt(Easement) 0 0 0.00 0 627222043 0.29 Exempt(Parking Lot) 0 0 0.00 0 627222044 0.65 Commercial Developed 13338 13,300 140.63 140 627222048 0.42 Commercial Developed 7825 7,800 100.00 100 627222052 1.42 Commercial Developed 11694 11,700 251.69 250 627222053 0.59 Commercial Developed 8238 8,200 151.69 150 627222054 0.28 Commercial Developed 9312 9,300 140.63 140 627222055 0.47 Commercial Developed 15017 15,000 100.00 100 MunnFinanaa! Page 20 President's Plaza I Property and Business Improvement District Management District Plan,City of Palm Desert Fiscal Year 2007/08 APPENDIX C -ASSESSMENT ROLL Parcel identification, for each lot or parcel within the District, shall be the parcel as shown on the Riverside County Assessor's Map for the year in which this Report is prepared. A listing of parcels assessed within this District, along with the assessment amounts, is included on the following page. • Man:Financial Page 21 President's Plaza I Property and Business Improvement District 1 Management District Plan,City of Palm Desert Fiscal Year 2007/08 Parcel Sucre Front Rdise Inc Ike t Refise tit Indio/ Nnig Acres Faauge Foomge Charge (rrge Ua‘Re Tad Urige Charge Uwe Tad 62721202 023 3,90) 9) $ 1,1390 $ 38790 $ 76513? $ 2,21762 S 1,56390 S 4180 $ 294A $ 77040 62721103 08) &X) 21) 3483A 155163 6E643 572678 3483A 1J182) 76378 585568 62721204 046 850 10 343150 7758) 31)93 47542) 340853 8)1.60 631.52 484162. 627212326 082 21,11) 170 0210 1,318£6 84148 701144 4210 1,1272 93222 7,147.04 62721216 025 5$)) 9) 232580 381.93 10.60 3,03333 2,3258) 40081 40900 3135(0 6272123)) CO 8,10 9) 321E23 387.90 50063 417678 3,2882) 4008) 93126 43236 (27212)10 025 3$) 9) 13332) 387.9) 22713) 1,8)370 1,23323 4038) 2528) 1,910 627212311 CO 54000 9) 200600 387.9) 32590 271883 20503 40180 no 27(668 62212)12 025 2400 9) 9240 387.90 18393 1,5342) 9243 4008) 2)146 1,5G7.63 622212314 025 5,000 3) 202600 387.9) 32593 27188) 2,0500 4018) 3C098 276668 627212315 092 ZGI) 211 WM 1,A676 1,37940 11,507.16 WO 1,763V 1, 7G8 11,7122) 62212)16 0(8 - - - - - - - - - - 627212)17 050 1120) 11) 4112) 7758) 66274 553374 441.027 871.83 73378 56358 627221(01 022 4,80 9) 1,93183 387.90 31498 20E63 1,92183 4338) 34884 267444 627221002 022 4,80 3) 1,92483 387.93 31498 262.68 1,9248) 40083 31884 2,67444 627221004 075 18$) 26 71132) 1,667.%i 1,221.18 1Q18734 7182) 1,72344 1,35321 10,374.88 627221608 024 3.30 9) 212530 387.90 34223 256548 212533 433E0 37892 290502 627221009 024 4,D 9) 1,81460 /.90 3)106 253656 1,84460 4M83 33682 25Rv7) 60221010 068 IAD 225 64162 1,74551 32512 271225 641.60 1,83363 36678 2,81193 627721011 CO - - - - - - - - - - 62722212 022 4,40) 3) 1,76440 387.90 29314 244544 1,76440 4018) 32478 248298 627222118 022 310 3) 12333 387.93 23305 194426 137330 40383 25862 1,93272 6272201 022 3,300 9) 132333 387.93 23306 1,94425 1,37313 4018) 258(2 192272 627722106 021 3,010 3) 1,22803 387.90 21668 1,E07.53 1,23100 4308) 21393 1,84438 61/21418 042 00 10) 20/70 7758) 47158 3934(8 7f 1iA 8)1.60 52321 4011.51 62122214 021 4,'U) 9) 1,83470 387.92 3957 258212 1,880) 4ME0 34282 7/0812 G2727d)15 021 3, 9) 1,56390 387.90 26582 221762 1,55390 4008) 2)42) 223340 6221121 024 3,80 3) 1Q580 387.90 11176 217205 1,5238D 40010 281) 22133) 62722204 024 5,10 3) 201510 307.A 331.36 276436 201510 4008) 36688 2,81278 627222325 021 3000 9) 20)10) 387.9) 32590 27188) 200600 40083 31188 276668 62722225 024 5,0D 50 2,026100 387.93 32593 27188J 21E603 4338) 3609E 278568 62722227 024 5,20D 9) 2 E623 387.9) 33682 2,8192 20:52) 4008) 3129) 239390 627221128 023 5,(1) 9) 2,006C0 387.90 3259) 27188) 2CC6 0 4 08) 36098 27868 6u2zU11) 023 4,80 9) 1,9X8D 387.90 31498 2j27.66 1,)2490 400)0 34884 2,67444 6272223) 023 3())) 9) 2,125(0 387.93 32590 27188) 2,1130) 4008) 36088 276668 62722234 042 6,10 100 252530 7758) 41a74 375184 7411,30 8)1.60 4))18 3,827.03 62722)38 048 9,90) 10 39M90 7758) 64636 5,3205 WO 8)11) 71572 548722 627223)41 032 5,90) 75 23E93 531.84 4148 3,34922 231590 6312) 44505 3,41216 2 011 - - - - - - - -62721 - - 627222)13 0D - - - - - - - - - - (2722 4 065 13,300 14D 5,33133 1,18612 87432 733374 333333 1,12224 96834 7,42388 627223)18 042 7,80 10 3,1272) 7758) 531.66 443526 312780 8J160 58142 4,518E2 627221E2 142 11,70) 29) 4331.2) 1,939.5) 9316 7,52436 41)1) 20110) 1,00435 7,70005 6272213 0.57 941) 19) 32932) 1,1637) 61534 503824 3,2E823 133240 673(0 5,1642) (2722254 023 9,300 11) 601.503 7758) 92493 7,71511 371130 1,12224 /11.74 5,579.28 671221E6 047 13D) 10 3,72930 1,1E612 6560E 547128 401500 EOM 1,13273) 7,83910 213%903 3735 $ 164,544E0 1167157.10 MumFinancial Page 22 I..,./r.r ....—b.iiiii? 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