Resolution - 2006-63•
RESOLUTION NO. 2006-63
A 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 2006-07
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 2006-07.
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 Exhibit A and
incorporated herein by reference. The boundaries are not proposed to change. The
improvements and activities to be financed are set ouf 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 13, 2006, the City Council adopted a Resolution of Intention to
levy assessments within the District for Fiscal Year 2006-07, and set the date for a public hearing
to be held on June 29, 2006.
SECTION 6: The Annual Report recommends an assessment of $16,396 for each of the
six auto dealerships within the District for Fiscal Year 2006-07.
SECTION 7: The City Council confirms the Annual Report for the District for Fiscal
Year 2006-07.
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 29 h day of June 2006.
ATTEST
1. " a�,�
City Clerk La 'e Carrico
Mayor St ve rfert
Resolution No. 2006-63
June 29, 2006
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 special meeting thereof held on the 29`h day of June 2006, by the following vote
of the City Council:
AYES:
Hernandez, Lane, Sanderson, Touhey,
NOES:
None
ABSTAIN:
None
ABSENT:
None
APPROVED AS TO FORM:
t+ A
City Attorney ArnoldAlvarez-Glasman
E
City Clerk
Carrico
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•
ATTACHMENT NO.2
WEST COVINA AUTO PLAZA
BUSINESS IMPROVEMENT DISTRICT
ANNUAL REPORT
FOR
FISCAL YEAR 2006-2007
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 2006-2007.
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. 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
2006-2007.
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 $91,548. A six-month reserve
representing an additional $38,094, results in a grand total cost of $129,642. After
crediting the surplus from Fiscal Year 2005-2006 (see Item 5 below), the net cost is
$98,374, which amounts to an assessment of $16,396 for each of the six sites in the
business improvement district.
4. Method and basis of levying the assessment for Fiscal Year 2005-2006.
The method and basis of levying the assessment will be pursuant to Ordinance No. 1923,
which was adopted by the City Council on Tune 1, 1993.
5. Amount of any surplus or deficit revenues to be carried over from Fiscal Year 2005-
2006.
j A surplus of $31,268 will be carried over from Fiscal Year 2005-2006.
6. Amount of any contributions to be made from sources other than the assessments
levied.
None.
i
ap444dk - Annual Report 2006-07 & 2007-08
•
WEST COVINA AUTO PLAZA
BUSINESS MROVENMNT DISTRICT
ASSESSMENT BUDGET
FOR
FISCAL YEARS 2004-2005, 2005-2006, 2006-2007
OPERATING EXPENSES
Programming
Telephone
Electricity
Maintenance Contracts
Sign Insurance
Permit Fee
Income Taxes and Preparation Costs
Property Taxes
Seasonal Landscape changes
Admin & Overhead
CAPITAL IMPROVEMENTS
Sign Payment
i
SIX MONTH RESERVE FUND
Operating Expenses for 6 months
SURPLUS
Excess from Reserve Fund
NNUAL COST
nent per Dealer (six sites:
Toyota, Ford
let/Hummer, Mercedes Pre-
& Mercedes)
Subtotal
Subtotal
Total Cost
Net Total Cost
2004-2005
2005-2006
2006-2007
3,000
3,000
3,120
450
450
450
40,000
40,000
40,000
12,900
13,746
13,746
3,800
4,200
4,200
20
20
550
700
700
700
2,000
2,000
2,000
2,600
61300
6,300
4,973
4,973
5,122
$70,443
$75,389
$761188
15,360
15,360
15,360
$85,803
$90,749
$91,548
35,222
37,695
38,094
$121,025
$128,444
$129,642
(29,710)
(41,741)
(31,268)
$91,315
$86,703
$98,374
$15,219 $14,45011 $16
I
ap4000i - Assessment Budget For 04-05, 05-06, 0&07