Resolution - 2012-62RESOLUTION NO. 2012-62
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 2012-2013
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 2012-I3.
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 and are highlighted in Exhibit
Ia
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 Exhibit B and
incorporated herein by reference.
SECTION 5: On June 19, 2012, the City Council adopted a Resolution of Intention to
levy assessments within the District for Fiscal Year 2012-13, and set the date for a public hearing
to be held on July 17, 2012.
SECTION 6: The Annual Report recommends an assessment of $2,000.00 for each of
the six auto dealerships within the District for Fiscal Year 2012-13.
SECTION 7: The City Council confirms the Annual Report for the District for Fiscal
Year 2012-13.
SECTION 8: This resolution shall take effect immediately upon adoption.
SECTION 9: The City Clerk shall certify to the adoption of this resolution.
ATTEST:
APPROVED AND ADOPTED on this 171h day of July 2012.
u►' Mayor Michael Touhey
J
4
Resolution No:. 2012- 62
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 17th day of July, 2012 by the following vote
of the City Council:
AYES: Herfert, Sanderson, Sotelo, Sykes
NOES: None
ABSENT: Touhey
ABSTAIN: None
City Clerk L d 4iie Carrico,,-,,_i/
APPROVED AS TO FORM:
{ City Atto y Arno Alvarez-Glasman
Attachments:
-Exhibit A -West Covina Auto Plaza Business Improvement District Boundaries
-Exhibit B-West Covina Auto Plaza Business Improvement District Annual Report
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WEST COVINA AUTO PLAZA
BUSINESS IMPROVEMENT DISTRICT BOUNDARIES
DEALERSHIPS
APN
LOT SIZE
VlesCCavSna T ta':;.
8478-007-OE5 31
3.06 acres
2 Nemi<Reeves Handa'Su r SCare .,
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8¢78 007=028.30,34, 41.-$47,8.006 015'
6.63 ecr¢sj� '7'
3 Hummer of West Covina
CiiChevratei'IdsmoCile
8478-007-039, 040
8478-004-047, 48
2,23 acres
2.27 acres
4 G(i "er'fiNdx,
A478-0(I4 046,,.48 a;' i'
3 12;KxtiS
5 Penske Mercedes
8478-004-042
4.16 acres
6 Penske Audi
6478-004.026
13,72 acres '
11rotNamtbnnawamr L=AVIW oaeb.aY.4a&ftA m..
PROPOSED DATE: M V2010
REVISED DATE 02A)MM7
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Resolution No.
Page 4
Exhibit B
WEST COVINA AUTO PLAZA
BUSINESS IMPROVEMENT DISTRICT
ANNUAL REPORT
FOR
FISCAL YEAR 2012-2013
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 2012-2013.
Financing the 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 Avenue and Garvey Avenue
South. 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 2012-
2013.
Gross estimated annual cost for programming, maintenance, electricity, and insurance for
readerboard sign, seasonal color (landscape materials), landscape maintenance, taxes and
preparation costs is $41,670. A reserve of $20,835 for six months of operating costs will be
maintained. An assessment of $2,000 for each of the six sites in the business improvement
district will be placed on the tax rolls by the County of Los Angeles Department of Auditor -
Controller.
4. Method and basis of levying the assessment for Fiscal Year 2012-2013.
The method and basis of levying the assessment will be pursuant to Ordinance No. 1923, which
was adopted by the CityCouncil on June 1, 1993.
5. Amount of any surplus or deficit revenues to be carried over from Fiscal Year 2011-2012. .
The total amount of surplus to be carried over from Fiscal Year 2011-2012 is $54,787.09 (which
consists of $15,853.68 in surplus operating expenses plus the previous year's reserve of
$38,933.41).
6. Amount of any contributions to be made fromsources other than the assessments levied.
None.
West Covina Auto Plaza
Business Improvement District
Assessment Budget for Fiscal Year 2012-2013
Fund Balance
Beginniing Balance as of July
Revenues
Revenues ftm.Assessments
Interest income; Other
Total Revenues '
TOTAL OPERATING FUND AMOUNT
Expenditures
Professional Services (EMIJ-Programming)
Accounting and Auditing (!A Co, CPA, public notices, taxes)
Appraisals, Tities, Escrow
-Electricity
Telephone
other Services
Equipment M & R (EMI -Maintenance)
Insurance
Project Improvements (Landscapejj
Admin and Overhead
Capital Improvement Projects (Sign Repayment)
TOTAL EXPENDITURE AMOUNT
RESERVE FU.1,10 REQ blREMENT (5 months operating expenses)
PROJECTED YEAR-END BALANCE
SURPLUS (cver/undff budget)
ASSESSMENT PER DEALER (6)
2C07-20G8
2002-
2 010-2011
Actual
Actual
Actual
Budget
actual
121,841.40
$ 66,309.00
50,063.05
$ 39,769.00
37,284.03
32,935.56
57,441,OC
$
19,600.40
S
33,761-5G
$ 29,026.27
4,323.84-,
2,161.92
S
29642
$
2,00.00
7,079.73
$
37,259AC
S
59,602-92
S
19,896-92
S
35,761.50
36,106.00
$
159,100.80
$
125,910.92
$
69,959.87
$
74,530.50
73,390,03
5,362.08
3,1210.9c,
$
2,860.0C
$
3,120.00
S
3,983.60
15,36372
5,855.00
3,057.69
$
6„000.00
866.56
S,231.97
10,521-OC
8,34L20
12,000-00
S
10,736.45
518-16
475.00
499-93
500.0c,
5G1.69
12,116.00
12,719.00
$
12,116.00
12,000.0C
$
11,856.00
3,450.DG
3,450,00
$
3,450-00
4,00.00
S:
3,450.00
26,272.00
1,064-00
$
-
6'5c0.00
S
-
$
5,122.00
3,591.00
$
2,351.00
5,567.00
5
2,686,00
15,357-00
15,357.00
S
376.33
92,792.93
$ 56,152.00
32,,675.84
$
49,687.00
$
34,456.6
45,396A7
$ 29,076,GC,'
16,337.92
S
241,843.5C
S
20112012 (S2% of Year Complete)
Adopted Budget
Actual
% Budget
Projected
a-, of 3),"23
24,037.38
$ 38,933.41
$ 38,933.41
48..092.62
$
53,993,69
112.27%
$
53,993.68
20G.00
S
41.79
20-90%
200.00
S
48,292-62
54,035.47
54,193.68
$
72,330.00
92,969.88
93,127.09
3,120.00
2,860.30
92%
S 3,120.130
5,D0Q.00
S -
0%
S 4,00G.00-:
..
S
S -
12'000:00
S 8'SC0.50
—
73%
S 12,000.00
500GD
S 427.98
86%
S 520.00
12,000.00
S 10,868.00
91%
$ 12,000.00
4,OOG-00
S 3,646.37
91%
S 3,700:0-0
6,000.00
a -
0%
S
5,600.00
S 2,462.13
44%
$ 3'000m91
48,220,00
29,064.99
60%11$
38,340,00
24,110.0-3
1 S 19,170 00
24,110.00
$
63,903.90
$
66,307.87
69,75&92
S
37,284.03
$
24,543.5G
38,933
24,110.100
S
24,970.44,
15,911.41
$ 41,682-92
S
20,946.11
$
8,015.44
S
8,015.44
5,48916
$ 9,573-50
4,912.67
5,26,2.82- 5
5,262.82
15,853.68
2012-2013
Proposed
$ 54.,787.09
100-00
12"10G-00
66,B,87.09
3,120-CO
12.000-GC
$ 550-GO
12,000.00
3.0-30-00
$ 3,000.G0
41.,670.00
20,835,C0
$ 25,217.09
(29,57G='-W)
$ 2,000.00