CITY OF SAN JOSE ANNUAL BUDGET REPORT MAINTENANCE DISTRICT 1 (LOS PASEOS) FISCAL YEAR 2011-12 Filed in the office of the City Clerk of the City of San José on ______________________________. _______________________________________ DENNIS D. HAWKINS, CMC City Clerk This Budget Report and the assessments herein were duly approved, confirmed and adopted by the City Council of the City of San José at a meeting thereof on ________________________________. _______________________________________ DENNIS D. HAWKINS, CMC City Clerk I, the Director of Finance of the City of San José, hereby certify that on ____________________ the assessments contained in this Budget Report were delivered to the officer of the County of Santa Clara designated by law to post City special assessments upon the property tax roll on which they are collected. ____________________________________ SCOTT P. JOHNSON Director of Finance 11md01abr.doc Budget Report - Page 1 of 4 May 23, 2011 WHEREAS, on August 14, 1979, the City Council of San José adopted its Resolution 51991 providing for the establishment of Maintenance District 1 (Los Paseos); and WHEREAS, on June 17, 1997 the City Council of San José adopted its Resolution Number 67415, providing for the re-authorization of Maintenance District 1 (Los Paseos) pursuant to the provisions of Municipal Code Chapter 14.15, referred to as the Alternative Procedures for Maintenance Districts, which was revised to conform to the requirements of California Proposition 218; and WHEREAS, the provisions of the district require that every year, if the proposed annual change in the assessment does not exceed the annual change in the Bay Area Consumer Price Index, the Director of Public Works shall prepare an Annual Budget Report containing: a budget for the ensuing fiscal year; a formula for apportioning the cost among the parcels; an assessment roll with a property owners list, and; a map or diagram showing the boundaries of the district and identifying the parcels in the district. NOW, THEREFORE: 1. THE BOUNDARY is generally described as: Bernal Road and rear lot lines of property fronting Sprucemont Place on the north; Santa Teresa Golf Course on the west; Santa Clara Valley Water District canal and rear lot lines of property fronting Avenida Espana on the south; and, Monterey Highway, Southern Pacific Railroad, and rear lot lines of property fronting Pittsfield Way on the east. 2. THE IMPROVEMENTS for which maintenance and operation are provided shall include pathways, parks and parkways, and; all additions, improvements and enlargements thereto which may hereafter be made for the district, and of benefit to the district but not of benefit to the City of San José as a whole. Improvements include but are not limited to: walks, steps, curbs, maintenance bands, statuary, fountains, decorative walls, signs and benches; lighting, irrigation and drainage systems; and, ornamental plantings including lawns, vines, groundcovers, shrubs and trees. 3. THE MAINTENANCE AND OPERATION of the improvements shall include the necessary servicing, repairs, replacements, equipment, supplies, water, fuel, power, electric current, care, supervision and any and all other items necessary for the safe and proper maintenance and operation thereof. 4. THE BUDGET for the costs and expenses of maintaining and operating any and all of the public improvements for Fiscal Year 2011-12 is shown below on the following table. 11md01abr.doc Budget Report - Page 2 of 4 May 23, 2011 MAINTENANCE DISTRICT 1 - FUND 352 SOURCE OF FUNDS TOTAL USE OF FUNDS TOTAL Beginning Fund Balance: Expenditures: Reserve for Encumbrances 76,554 Non-Personal Services 157,609 Retirement Pre-Pay Reserve 547 Overhead 29,879 Unrestricted Cash 599,987 Personal Services 107,754 Total Beginning Fund Balance $677,088 Worker’s Comp Claims 500 Total Expenditures $295,742 Transfers Transfers General Fund (GASB43/45) 0 City Hall Debt Service Fund 0 Total Transfers 0 General Fund (GASB43/45) 0 Total Transfers $0 Revenue:* Ending Fund Balance: Interest 5,000 Restricted Cash 76,554 Benefit Assessment 60,000 Retirement Pre-Pay Reserve 547 Property Tax 140,000 Unrestricted Cash ** Total Revenue $205,000 Operating Funds 221,807 Replacement Funds 287,438 Total Ending Fund Balance $586,346 TOTAL SOURCE OF FUNDS $882,088 TOTAL USE OF FUNDS $882,088 * As proposed in the 2011-12 Operating Budget. Actual assessment displayed in Exhibit 1. ** Subject to limitation are the Ending Fund Balances for Unrestricted Cash: Operating Funds and Replacement Funds. Operating Funds may not exceed one year’s Total Expenditures. Replacement Funds may not exceed the full replacement value of the improvements maintained. If either limit is exceeded, the excess amount shall be credited to the assessments in proportion to each parcel’s assessment. 5. THE FORMULA upon and by which the benefit assessment is to be levied is as detailed in the Engineer’s Report adopted June 17, 1997. In summary, the individual assessments are determined by a benefit point system. Parcels are assigned benefit points ranging from 0.0 to 8.75 based on use with additional consideration for circulation/access and economic value derived from the maintained areas. The uses encompassed by the district include both single and multi-family residential, as well as Commercial/Industrial, church, school, park and vacant conditions. 6. THE ANNUAL ADJUSTMENT FORMULA sets maximum limits on the assessments in future annual district budgets. The maximum annual assessment limit shall be equal to the change in the average annual Consumer Price Index (“CPI”), All Urban Consumers, for the San José - San 11md01abr.doc Budget Report - Page 3 of 4 May 23, 2011 Francisco - Oakland Area, of the previous calendar year. The adjustment to the maximum aggregate assessment for this fiscal year is 1.37%. Annual budgets within this limit may be approved by the City Council without additional property owner ratification. This limit may be exceeded only with a majority owner approval of either: 1) a supplemental assessment; 2) a revision of or a supplement to, the maximum assessment and/or adjustment formula; or, 3) any other methodology amenable to the property owners. NOW, THEREFORE, I, DAVID SYKES, Acting Director of Public Works of the City of San José by virtue of the power vested in me under the Resolution and the order of the City Council, hereby make the benefit assessments as shown on the Assessment Roll attached as Exhibit 1 upon all parcels of property subject to assessment owned by the persons shown on the Owners List attached as Exhibit 2 and shown on the diagram attached as Exhibit 3. Dated: _____________________________ ______________________________________ DAVID SYKES Acting Director of Public Works 11md01abr.doc Budget Report - Page 4 of 4 May 23, 2011 MAINTENANCE DISTRICT 1 EXHIBIT 1 ( LOS PASEOS ) ASSESSMENT ROLL Fund 352 FISCAL YEAR 2011-12 Tax code 925 2010-11 Maximum Allowable Assessment $68,334.76 2009 CPI 224.395 2011-12 CPI Adjusted Maximum Assessment $69,270.88 2010 CPI 227.469 CPI Adjustment Factor 1.0137 ... PARCEL NUMBER ... MAXIMUM BENEFIT RESIDENTIAL PARCEL BENEFIT ASSESSOR / DISTRICT NET ALLOWABLE CREDITS POINTS UNIT AREA (ac) FACTOR ASSESSMENT ASSESSMENT MULTIPLIER MULTIPLIER TOTALS: $60,002.14 $69,270.88 ($9,269.00) 1,741.1250 1,506 230.342 1,869.3090 CHECK TTL: $69,271.14 DIFFERENCE: 0.26 ASSESSMENT PER BENEFIT FACTOR : $37.06 37.0569 APN PREF DPN CURRENT 706-33-071 N 1 $32.10 37.06 (4.96) 1.0000 1 0.225 1.0000 706-33-070 N 2 $32.10 37.06 (4.96) 1.0000 1 0.172 1.0000 706-33-069 N 3 $32.10 37.06 (4.96) 1.0000 1 0.174 1.0000 706-33-068 N 4 $32.10 37.06 (4.96) 1.0000 1 0.191 1.0000 706-33-067 N 5 $32.10 37.06 (4.96) 1.0000 1 0.204 1.0000 706-33-064 N 6 $32.10 37.06 (4.96) 1.0000 1 0.180 1.0000 706-33-063 N 7 $32.10 37.06 (4.96) 1.0000 1 0.165 1.0000 706-33-062 N 8 $32.10 37.06 (4.96) 1.0000 1 0.161 1.0000 706-33-061 N 9 $32.10 37.06 (4.96) 1.0000 1 0.161 1.0000 706-33-060 N 10 $32.10 37.06 (4.96) 1.0000 1 0.161 1.0000 706-33-059 N 11 $32.10 37.06 (4.96) 1.0000 1 0.161 1.0000 706-33-058 N 12 $32.10 37.06 (4.96) 1.0000 1 0.161 1.0000 706-33-057 N 13 $32.10 37.06 (4.96) 1.0000 1 0.161 1.0000 706-33-056 N 14 $32.10 37.06 (4.96) 1.0000 1 0.161 1.0000 706-33-055 N 15 $32.10 37.06 (4.96) 1.0000 1 0.161 1.0000 706-33-054 N 16 $32.10 37.06 (4.96) 1.0000 1 0.161 1.0000 706-33-053 N 17 $32.10 37.06 (4.96) 1.0000 1 0.161 1.0000 706-33-052 N 18 $32.10 37.06 (4.96) 1.0000 1 0.161 1.0000 706-33-051 N 19 $32.10 37.06 (4.96) 1.0000 1 0.161 1.0000 706-33-050 N 20 $32.10 37.06 (4.96) 1.0000 1 0.161 1.0000 706-33-049 N 21 $32.10 37.06 (4.96) 1.0000 1 0.165 1.0000 706-33-048 N 22 $32.10 37.06 (4.96) 1.0000 1 0.174 1.0000 706-33-047 N 23 $32.10 37.06 (4.96) 1.0000 1 0.184 1.0000 706-33-046 N 24 $32.10 37.06 (4.96) 1.0000 1 0.197 1.0000 706-33-045 N 25 $32.10 37.06 (4.96) 1.0000 1 0.207 1.0000 706-16-067 N 26 $32.10 37.06 (4.96) 1.0000 1 0.207 1.0000 706-16-066 N 27 $32.10 37.06 (4.96) 1.0000 1 0.207 1.0000 706-16-065 N 28 $32.10 37.06 (4.96) 1.0000 1 0.202 1.0000 706-16-064 N 29 $32.10 37.06 (4.96) 1.0000 1 0.193 1.0000 706-16-063 N 30 $32.10 37.06 (4.96) 1.0000 1 0.184 1.0000 706-23-074 N 31 $32.10 37.06 (4.96) 1.0000 1 0.158 1.0000 706-23-073 N 32 $32.10 37.06 (4.96) 1.0000 1 0.145 1.0000 706-35-013 N 33 $40.12 46.32 (6.20) 1.2500 1 0.138 1.2500 706-35-012 N 34 $40.12 46.32 (6.20) 1.2500 1 0.168 1.2500 706-35-011 N 35 $40.12 46.32 (6.20) 1.2500 1 0.161 1.2500 706-35-010 N 36 $40.12 46.32 (6.20) 1.2500 1 0.152 1.2500 706-35-009 N 37 $40.12 46.32 (6.20) 1.2500