Resolution - 2008-48RESOLUTION NO. 2008-48
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST
COVINA, CALIFORNIA, CONFIRMING THE ANNUAL REPORT FOR
THE WEST COVINA AUTO PLAZA BUSINESS IMPROVEMENT
DISTRICT AREA FOR FISCAL YEAR 2008-09
The City Council of the City of West Covina resolves as follows:
SECTION 1. The City Council proposes to levy and collect assessments within the West
Covina Auto Plaza Business Improvement District Area ("Area") for Fiscal Year 2008-09.
SECTION 2. On June 1, 1993, the City Council adopted Ordinance No. 1923, which
established the West Covina Auto Plaza Business Improvement District ("District") for purposes
of levying an assessment within the designated Area. The proposed use of the assessment
revenue collected is used for financing the construction, operation, and maintenance of an
electronic readerboard sign located in the West Covina Auto Plaza adjacent to the San
Bernardino Interstate 10 freeway as well as financing of the operation and maintenance costs for
the entry statement to the Auto Plaza, which includes the sign and landscaping located at the
southwest corner of Azusa Avenue and Garvey Avenue South.
SECTION 3. The boundaries are not proposed to change. The improvements and
activities to be financed are set out in Attachment No. 2.
SECTION 4. The Advisory Board for the District filed with the City Clerk an Annual
Report pursuant to the Parking and Business Improvement Area Law of 1989 (Streets and
Highways Code Section 36500, et seq.) which describes the proposed improvements and
activities authorized by Ordinance No. 1923. The Annual Report is attached as Attachment No.
2 and incorporated herein by reference.
SECTION 5. On June 17, 2008, the City Counciladopted a Resolution of Intention to
levy assessments within the District for Fiscal Year 2008-09, and set the date for a public hearing
to be held on July 1, 2008.
SECTION 6. The Annual Report recommends an assessment of $9,573 for each of the
six auto dealerships within the District for Fiscal Year 2008-09.
SECTION 7. The City Council confirms the Annual Report for the District for Fiscal
Year 2008-09.
SECTION 8. This resolution shall take effect immediately upon adoption.
SECTION 9. The City Clerk shall certify to the adoption of this resolution.
APPROVED AND ADOPTED on this I" day of July 2008.
dze;yw�� -
Mayor Sherri Lane
ATTEST:
Ci Clerk a he Carrico
Resolution No. 2008-48
Page 2
I, LAURIE CARRICO, CITY CLERK of the City of West Covina, California, do hereby certify
that the foregoing resolution was duly adopted by the City Council of the City of West Covina,
California, at a regular meeting held thereof on the I" day of July 2008, by the following vote of
the City Council:
AYES: Herfert, Hernandez, Touhey, Lane
NOES: None
ABSENT: Sanderson
ABSTAIN: None
City Clerk La 'e Carrico /
APPROVED AS TO FORM:
A
` Ci y AttorneyArzold Alvarez-Glasman
Resolution No. 2008-48
Page 3
ATTACHMENT NO. 2
WEST COVINA AUTO PLAZA
BUSINESS IMPROVEMENT DISTRICT
ANNUAL REPORT
FOR
FISCAL YEAR 2008-2009
1. Any proposed changes in the boundaries of the business improvement district area.
None.
2. The improvements and activities to be provided for Fiscal Years 2008-2009.
Financing the construction, operation and maintenance of an electronic readerboard
located in the West Covina Auto Plaza adjacent to the. San Bernardino Interstate 10
Freeway as well as financing of the operation and maintenance costs for the entry
statement to the Auto Plaza, which includes the sign and landscaping located at the
southwest comer of Azusa and So. Garvey Avenues. Financing also includes landscape
maintenance along Interstate 10 Freeway immediately facing and parallel to the Auto
Plaza Dealerships.
3. Estimate of the cost of providing the improvements and the activities for Fiscal Year
2007-2008.
Gross estimated annual cost for financing the construction cost of the sign, insurance
premium, maintenance, electricity, programming, seasonal color (landscape materials),
landscape maintenance, taxes and preparation costs is $98,774. A two -month reserve
representing an additional $13,900 results in a grand total cost of $112,674. After
crediting the surplus from Fiscal Year 2007-2008 (see Item 5 below), the net cost is
$57,441 which amounts to an assessment of $9,573 for each of the six sites in the
business improvement district.
4. Method and basis of levying the assessment for Fiscal Year 2008-2009.
The method and basis of levying the assessment will be pursuant to Ordinance No. 1923,
which was adopted by the City Council on June 1, 1993.
5. Amount of any surplus or deficit revenues to be carried over from Fiscal Year 2007-
2008.
A surplus of $55,233 will be carried over from Fiscal Year 2007-2008.
6. Amount of any contributions to be made from sources other than the assessments
levied.
None.
2008-48 Attaclunent - Auto Plaza Annual Report