REPORT TO COUNCIL
SUBJECT
Title
Adopt a Resolution to Approve the Final Engineer's Report, Confirm the Assessment, and Levy Annual Assessment for The Downtown Parking Maintenance District Assessment for Fiscal Year 2015/16
Report
BACKGROUND
The operation and maintenance expense of certain downtown parking areas are supported by the Downtown Parking Maintenance District assessment. On July 28, 2009, in response to property owners ballot approval, the City Council adopted Resolution #398-09 (RTC09-196) to levy assessments for Fiscal Year (FY) 2009/10 and for each fiscal year thereafter by adjusting the annual assessment rate based upon the previous year's change in the Consumer Price Index.
On June 23, 2015, the City Council adopted a resolution declaring its intention to levy and collect an assessment for the Downtown Parking Maintenance District for FY 2015/16, approving the preliminary Engineer's Report, and setting July 14, 2015 at 7:00 pm as the date and time for public hearing on the levy of the proposed assessment.
EXISTING POLICY
Council Resolution 6643, dated September 1, 1964 authorized the City to levy an annual assessment on all lands and improvements within the Parking District to pay debt service, operations, maintenance, and improvement costs.
ENVIRONMENTAL REVIEW
Adoption of the subject resolution is not a project within the meaning of the California Environmental Quality Act as the Act does not apply to governmental funding mechanisms or other government fiscal activities (CEQA Guideline 15378(b)(4)).
DISCUSSION
Francisco & Associates, Inc. (the Assessment Engineer) prepared the final Engineer's report (Attachment 1) for the FY 2015/16 assessment. The assessment rates are proposed to increase +1.3579% based on the Consumer Price Index change between April 2014 and February 2015 (all Urban Consumers for the San Francisco-Oakland-San Jose area) as shown in the Table below.
FY 2015/16 Assessment Rates per B...
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