Resolution - 94580
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RESOLUTION NO. 9458
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
WEST COVINA CONFIRMING THE ANNUAL REPORT FOR
THE WEST COVINA AUTO PLAZA BUSINESS IMPROVEMENT
DISTRICT AREA FOR FISCAL YEAR 1997-99
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 1997-98.
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
comer of Azusa Avenue and Garvey Avenue South.
SECTION 3: The boundaries and location of the Area are set forth in Attachment No.
1 and incorporated herein by reference. 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 3, 1997, the City Council adopted a Resolution of Intention to
levy assessments within the District for Fiscal Year 1997-98, and set the date for a public hearing
to be held on June 17, 1997.
SECTION 6. The Annual Report recommends an assessment of $11,907 for each of
the six auto dealerships within the District for Fiscal Year 1997-98.
SECTION 7. The City Council confirms the Annual Report for the District for Fiscal
Year 1997-98.
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 by the City Council of the City of West Covina at a
regular meeting thereof held on the 17th day of June 1997
ATTEST
V /dw
„City. Clerk
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I HEREBY CERTIFY that the foregoing Resolution No. 9458 was duly adopted
by the City Council of the City of West Covina at a regular meeting thereof held on the 17th
day of June , 1997, by the following vote:
AYES: Howard, Melendez, Touhey, Wong
NOES: None
ABSENT: Herfert
ABSTAIN: None
APPROVED AS TO FORM:
ap220.res
6/17/97
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City Attorney
City Clerk 67
AZUSA AVENUE
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ATTACHMENT NO. 1
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ATTACHMENT NO. 2
WEST COVINA AUTO PLAZA
BUSINESS IMPROVEMENT DISTRICT
ANNUAL REPORT
FOR
FISCAL YEAR 1997-98
• 1. Any proposed changes in the boundaries of the business improvement district area.
None.
2. The improvements and activities to be provided for Fiscal Year 1997-98.
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 corner of Azusa and So. Garvey Avenues.
3. Estimate of the cost of providing the improvements and the activities for Fiscal Year
1997-98.
Gross estimated annual cost for financing the construction cost of the sign, insurance
premium, maintenance, electricity, programming, seasonal color (landscape
materials) taxes and preparation costs is $74,750. A six month reserve representing
an additional $29,690 results in a grand total cost of $104,440. After crediting the
surplus from Fiscal Year 96-97 (see Item 5 below), the net cost is $71,440 which
amounts to an assessment of $11,907 for each of the six dealers in the business
improvement district.
4. Method and basis of levying the assessment for Fiscal Year 1997-98.
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 1996-
97.
A surplus of $33,000 will be carried over from Fiscal Year 1996-97.
6. Amount of any contributions to be made from sources other than the assessments
levied.
AP227BI
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None.
Page 1 or2
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11
WEST COVINA AUTO PLAZA
BUSINESS IMPROVEMENT DISTRICT
ASSESSMENT BUDGET
FOR
FISCAL YEAR 1997-98
OPERATING EXPENSES
• Programming
• Telephone
• Electricity
• Maintenance Contracts
• Sign Insurance
• Permit Fee
• Income Taxes and Preparation Costs
• Property Taxes
• Color Changes
CAPITAL IMPROVEMENTS
• Sign Payment
SIX MONTH RESERVE FUND
• Operating Expenses for 6 months
FY 96-97 SURPLUS
• Excess from Reserve Fund
NET ANNUAL COST
• Assessment per Dealer (Six Dealers)
(Nissan, Toyota, Saturn, Dodge, Jaguar
& Mercedes)
AP226BI
Page 2 of 2
$3,000
$360
$30,000
$15,000
$2,400
$20
$3,200
$3,410
$2,000
$59,380 Subtotal
$15,360
$74,750 Subtotal
$29,690 .
$104,440 Total Cost
($33,000)
$71,440 Net Total Cost
$11,907