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Resolution - 2007-59RESOLUTION NO.2007-59 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 2007-OS 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 2007-08. 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 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 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 19, 2007, the City Council adopted a Resolution of Intention to levy assessments within the District for Fiscal Year 2007-08, and set the date for a public hearing to be held on July 5, 2007. SECTION 6: The Annual Report recommends an assessment of $5,491 for each of the six auto dealerships within the District for Fiscal Year 2007-08. SECTION 7: The City Council confirms the Annual Report for the District for Fiscal Year 2007-08. 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 the 5th day of July 2007. &fT - A • tMar Michael Touhey ATTEST: Resolution No. 2007-59 Page 2 1, 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 an adjourned regular meeting thereof held on the 5`h day of July, 2007 by the following vote: AYES: Herfert, Hernandez, Lane, Touhey NOES: None ABSENT: Sanderson ABSTAIN: None APPROVED AS TO FORM: Cit Atto e mold M. Alvarez-Glasman 0 Clerk Laurie Carric