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HomeMy WebLinkAboutReso - CC - 060-1973WJML:W-1�J:v 8-7-73-50 FINAL RESOLUTION NO. 60-73 A RESOLUTION OF INTENTION TO MAKE CHANGES AND MODIFICATIONS BURLINGAME AVENUE AREA OFFSTREET PARKING DISTRICT ASSESSMENT CREDIT FORMULA RESOLVED, by the City Council of the City of Burlingame, California, that the public interest, convenience and necessity require, and that it is the intention of said Council to make changes and modifications in the proceedings conducted pursuant to Resolution of Intention No. 79-69 adopted by this Council on October 6, 1969, and pursuant to Resolution of Intention No. 27-62, adopted May 19, 1962, to provide for relief from the consequences of having applied for and received credit against assessments levied in said proceedings, based on the providing of private offstreet parking facilities, by adding the following provisions to said proceedings: Any owner of lands who applied for and was granted relief from assessments levied in said proceedings on the basis of having provided private offstreet parking spaces, and ingress and egress thereto (herein referred to as "the relief area"), and who wishes to devote all or some portion of the relief area to some other use in the same manner as if such assessment relief had not been granted, may apply to the City for release of all or any designated portion of the relief area (herein called "the area sought to be released"), from the restrictions on its use imposed on account of the assess- ment relief. The minimum size of the area sought to be released pursuant to any one application shall be five spaces, unless the owner owns less than five spaces, in which event the minimum area sought to be released shall consist of all of such spaces. The application shall show in diagram form the boundaries and dimensions of the entire property, the improvement area and its nature, the relief area, and the area sought to be released. Upon receipt of the application, the City Engineer shall compute the amount of the original additional assessment in both proceedings Which would have been levied if the relief applied for and granted with respect to the area sought to be released had not been granted. These additional amounts shall then be increased first by adding the amounts of interest which would have been paid on the additional assessment amounts from the assessment bond issue dates to the January 2 or July 2 next succeeding the date of the application, computed at the various bond rates; and then by increasing the resulting total by the annual percentage increases in building construction costs as determined by the Engineering News Record Indices for the years intervening since the levy of the original assessment, or the percentage increase in the assessed value of the land from the year of original levy to the year of the application, whichever is greater. The amount of $250 to cover administrative costs of the City in making the above computations and reviewing the application shall be added to the above total. Upon payment of the accumulated total amount computed as above provided in cash to the City, the area sought to be released shall be relieved of the restrictions imposed on its use as the result of the assessment relief theretofore applied for and granted; provided, that nothing in this resolution nor in proceedings pro- posed hereunder shall be construed to relieve the applicant nor his property from any other requirements of law relating to the use or improvement of said property. All payments received by the City pursuant to this resolution shall be received and held in trust by the City for the use and benefit of the Burlingame Avenue Area Offstreet Parking District. G NOTICE IS HEREBY GIVEN that Tuesday, the bth day of September, 1973, at the hour of 8:00 o'clock P.M. in the regular meeting place of said Council, Council Chambers, City Hall, Burlingame, California, are hereby fixed as the time and place when and where said Council will consider the matter of making said changes and modifications and hearing all protests and persons interested therein. The City Clerk of said City shall cause a copy of this resolution to be published once in The Boutique -Villager, a news- paper of general circulation published in said City, the paper in which the Notice of Improvement under each of said Resolutions of Intention having discontinued publication, and to be mailed to all property owners whose property was granted assessment relief, said publication and mailing to be at least ten days before said day of hearing. I Hereby certify that the foregoing is a full, true and correct copy of a resolution duly passed and adopted by the City Council of the City of Burlingame, California, at a meeting thereof held on the 6th day of August, 1973, by the following vote: AYES, and in favor thereof, Councilmen: Amstrup, Cusick, Mangini and Martin NOES, Councilmen: None ABSENT, Councilmen: Crosby APPROVED: Mayor 3 or buriingame