HomeMy WebLinkAboutResolution - City Council - 79-188 - 1979-05-08Finance
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RESOLUTION NO. 7g-180
A RESOLUTION OF THE COUNCIL OF THE CITY
OF FRESNO APPROVING THE'ESTIMATE OF THE
AMOUNT SUFFICIENT TO PAY THE NET PARKING
1�XPENSES FaR THE FISCAL YEAR 1979/Bn
PARKING MAINTENANCE DISTRICT NO.. 1
WHEREAS, pursuant to Section 16-701 of the Fresno Municipal.
Code, the Council .s required to cause to be prepared and approve,
on, or before May 20, 1979, an estimate of the amount clearly
sufficient to pay the Net Parking Expenses incurred or to be
incurred by the City in Parking Maintenance Distract No. I in the
Fiscal Year 1979/80 before the proceeds of the next subsequent
annual assessment shall be available, and
WHEREAS,. -the Chief Administrative Officer has filed with the
Council his report of estimated amount sufficient to pay the Net
Parking Expenses for the Fiscal Year 1979/80 and
WHEREAS, the Council has duly considered the estimate of
Net Parking Expenses in said report and finds then sufficient in
all respects, and
NOW, THEREFORE, THE COUNCIL FINDS, DETERMINES, A!D ORDERS,
AS FOLLOWS
Section 1. The estimated Net 'Parking Expenses for fiscal
year 1979/80, as contained in the Chief Administrative Officer's
Report, a copy of . which .is attached heretot marked Exhibit A., and
incorporated herein by this reference, is hereby approved,
µ CLERK'S CERTIFICATION
State of Calif orjaia
County of Fresno ss
City of Fresno
I, J.ACQUELI E L. KYLE, City Clerk of the City of Fresno,
certify that the foregoing Resolution was adopted by the Council
of the City of Fresno, California, at a regular meeting held on
8th day of M 1 1979.
JACQUELINE L. RYLE
City Clerk
PA$SED
EFFECT¢
M)PROVED AS To FORM fj
CRY h,tNn
4/19/79
r
REPORT OF ESTIMATED AMOUNT SUFFICIENT TO
PAY THE NET PARKING EXPENSES FOR THE FISCAL
YEAR 1979-80 AND ESTIMATE OF REVENUES FROM
ASSESSMENTS FOR THE PARKING PROGRAMS
PARKING MAINTENANCE DISTRICT NO.. 1
(Z) ESTII'IATE OF NET PARKING EXPENSES
Pursuant to the Fresno Municipal Code, the following
estimates of the amounts clearly sufficient to pay the
Net Parking Expenses, as defined in Section: 16-210.1 of
said code, to be incurred by the City in Parking'Maintenance
District No. 1 in the Fiscal Year 1979-80 is submitted
for the approval of the Council.:
PARKING EXPENSES 1979-80
.. Reimbursement of Operating Budget:
(Account 4360, contains all costs, including
rentals to be incurred by the City in the
operation of Parking Structures, lots and
Parking Meters in Parking Maintenance
District No. 1.
Total Parking Expenses $1;,077,300
To comply with the City Code, the Council need only
approve the above portion of this report; however,
the following information is presenters to provide
a better understanding of the financial position of
Parking Maintenance District No. 1.
PARKING REVENUES 19 7 9-- 8 0
(1) Estimated Retained Earnings as o
7/1/79 (includes $74, 300, 1978--7..
tax increment income) $145,900
(2) Estimated Receipts from Parking
Operations. (Parking Meters,
Monthly Parking, Commercial
Lease Rentals, Tax Increments Income,
and misc.) $621, 600
(3) Advance from Central Area
Commercial Development -
`Account 79007 $ 53,440
(4) Estimated revenues to be collected
from Assessments that are required
.n addition to Parking Revenue
Advances to cover Net Parking Expenses
for 1979-80. $256, 400
$1, 077, 300
(II) ESTIMATE OF REVENUE FROM ASSESSMENTS
The estimate- of Net Parking Expenses for 19*79--80 in
Section (I) above indicates the need to continue the
Page Two
assessments on land at the same rate as for 1978-79, which
is the maximum authorized rate of $2.00 Per $100.00 of
assessed value of taxable land only. The maximum
business assessment to be levied on all Class I businesses
is a flat onequarter of one percent (0.25 ) of grass
receipts and a surcharge equal to the quotient, of
$81,000 divided by the aggregategross receipts of all
such businesses for the preceding calendar ,'year multipled
by the individual businesses gross receipts for the
same preceding calendar year.
LAND ASSESSMENT
Estimate Revenue* $10, 400
BUSINESS ASSESSMENT
(1) Estimated at 0.25% of
Gross Receipts $165 000
(2) Estimated Colledtion from
Surcharge (81,000 Annual
Fixed Amount) during the
1979--80 Year $81 000
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*The estimate shown has taken into account the adverse effect
of Proposition #13a
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4/30/79