SR-213-001 (3)
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Counc~1 Meet1ng: August 23, 1983
Santa Monica, California
AUG 2 3 1!13
D ate:
August 1, 1983
To: Mayor and Clty Council
From: C~ty Staff
SubJect: Ordlnance Setting Tax Rate for Flscal Year 1983-84 for
the Downtown Parking and Business Improvement Dlstrict
Introductlon
Annually, before September 1, the Clty Council must set the tax
rate for the Downtown Parklng and BUSlness Improvement D1strict.
ThlS report recommends that the FY 1982-83 tax rate be continued
for FY 1983-84.
Background
The Clty of Santa Monlca leases six parking structures from the
City's Park~ng Authority.
The maJor sources of revenue to
finance the rental costs of the structures and the assoc1ated
costs of varlOUS Clty support serVlces such as Police and General
Servlces operations are:
(a) the ad valorem property tax
assessments and (b) the five (5) times the annual Bus~ness
L~cense Tax assessments on businesses located In the district.
ThlS formula was establlshed at the tlrne the d1strlct was created
in 1965.
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AUG 2 3 1983
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For the period FY 1977-78 through FY 1981-82, the ad valorem
property tax rate was at the equivalent of $0.525 per $100.00 of
market value as assessed by the Los Angeles County Assessor.
Dur~ng FY 1982-83, the ad valorem property tax rate was ~ncreased
to $0.5625 per $100.00 of market value, the maXlmum allowed under
the ordinance establ~shlng the dlstrict, in order to upgrade
maintenance and secur~ty of the structures and to offset the
program operating deficit at that time. ProJected program
operat~ng revenues and expenditures are now essent~ally in
balance.
Budgetary/~~nanc~al Impact
Council adoption of the proposed FY 1983-84 tax rate is estimated
to generate Downtown Park~ng and Business Improvement Dlstrict
revenues as reflected ln the Clty'S adopted FY 1983-84 General
Fund budget.
The Business L1cense Tax revenue component derived from
buslnesses in the Downtown Parklng and Business Improvement
District need not be consldered by the Council at this tlme.
ThlS matter will come before the Council ln the near future in
connection with an adopt1ng ordinance setting new Buslness
License tax rates.
Recommendatlon
It is
1983-84
recommended that the attached, WhlCh maintalns for FY
the tax rate for the Downtown Parking and Business
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Improvement Distr~ct at $0.5625 per $100.00 of market value as
assessed by the Los Angeles County Assessor, be adopted.
PREPARED BY: Mike Denn~s, Dlrector of Finance
Kay Watanabe, Clty Treasurer/Revenue Manager
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Coune 11 }'feetlng Date rf - .J 3
Agenda I t em Ii 5' - ;9 /?f-:7'
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DISTRIBUTION OF RESOLUTIO~ #
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ORDDJA~CE !i
Adopted.
Was It amended?
* ALWAYS Pl'BLISH ~~DOPTED ORDI\JA.l\CES
VOTE'
AffirmatIve:
\Jegatlve:
AbstaIn"
Absent:
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DISTRIBUTION'
ORIGINAL to be sIgned, sealed and flIed In Vault.
\EWSP\PER PUBLICATIO~ (Date"
)
Department origInatIng staff report (
1
)
1
CIty ~ttorney (those with theIr codes)
Agencv mentIoned in document or staff report
(cert I fled?)
Sub]e~t fIle [agenda packet)
1
Counter fIle
1
Others
AIrport
ParkIng Auth.
AudItoTu;n
Personnel
BUlldlng Dept.
PlannIng
EnVIron. Servo
Pollee (en-
forcement?)
FInance
Purchasing
.
Fire
Recr/Parks
General Servo
Transportatlon
LIbrary
Treasurer
I'>Ianager
SEND FOU~ COPIES OF ALL ORDIKAKCES TO:
COD~D SYSTEMS, Attn Peter Maciearie
120 ~,fain ~tr~et
Avon, New Jersev_077l7
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SEND FOUR COPIES OF A T,T, ORD T\JA 1\Jn:::~ TO:
PRESIDIKG JUDGE
SA~TA MO~ICA MUKICIPAL COURT
1 72'5 MAl!\ STREET
SANTA MONICA, CA 90401
TOTAL COPIES
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ORDINANCE NO.
1285 (CCS)
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SANTA
MONICA FIXING THE TAX RATE AND LEVYING TAX FOR FISCAL
YEAR BEGINNING JULY 1, 1983 FOR THE DOWNTOWN PARKING
AND BUSINESS IMPROVEMENT DISTRICT
THE CITY COUNCIL OF THE CITY OF SANTA MONICA DOES ORDAIN AS
FOLLOWS:
SECTION l.
For the purpose of rals~ng the sums of money
necessary to be raised by an ad valorem tax upon all of the land
and improvements (but excluding personal property) in the
Downtown Park~ng and Business Improvement Dlstrict ~n addition to
the taxes levied in Taxation Dlstrict Number 1, a tax is levied
at the rate of $0.5625 upon each $100.00 of rr~rket value of the
property as assessed by the County Assessor and equal~zed by the
Board of Supervisors of the County of Los Angeles. Said Downtown
ParkJ.ng
and Business Improvement District has an assessed
valuat10n of $123,763,148 exclus1ve of Public Utility values and
lS described as follows:
"Bounded on the northeasterly side of the center line of 4th
Court.
the southeasterly side by the center line of
Broadway, the southwesterly side by the center line of 1st
Court, and the northwesterly side by the center of Wilshire
Boulevard, all in the City of Santa Monica."
SECTION 2. If any section, subsection, sentence, clause or
phrase of this ordinance is for a~y reason held to be lnvalld or
unconstitutional
by a decisJ.on of any court of competent
Jurisdiction, such decision shall not affect the valldlty of the
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remaining portions of the ord2nance. The City Counell hereby
declares that ~t would have passed th~s ordinance and each
sectlon, subsection, clause or phrase hereof, irrespective of the
fact that anyone or more sections, subsectlons, clauses or
phrases be declared ~nvalid or unconst2tutional.
SECTION 3.
The Mayor shall slgn and the Clty Clerk shall
attest to the passage of this ordlnance. The Clty Clerk shall
cause same to be published once in the official newspaper within
f~fteen (15) days after its adoption. ThlS ordinance shall take
effect 2mmediately upon adoption pursuant to Sectlon 619 of the
Charter of the Clty of Santa Monica.
APPROVED AS TO FORM:
~'- ~ L--'-a-
ROBERT M. MYERS
C2ty Attorney
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ADOPTED A~D APPROVE: THIS
23rd
DAV
OF
August
, 1983.
4~~
MAYOR
I HEREBY CERTIFY THAT THE FOREGOI~G ORDINANCE,
NO. 1285
(CC5), WAS DULY AND REGULARLY INTRODUCED AT A
MEETING OF THE CITY COUNCIL ON THE 23rd DAY OF August
1983; THAT THE SAID ORDINANCE WAS THEREAFTER DULY ADOPTEJ
A TAM E E TIN G 0 F THE C I T Y C 0 U N elL 0 NTH E 23 rd
DA Y 0 F August
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1983 BY THE FOLLOWING COUNCIL VOTE:
AYES: COUNCIL"!E~BERS: Conn, Epsteln, Jermings, Press,
Za'1e and iliayor Edwards
NOES: COUNCILMEMBERS: Kane
ABSENT: COUNCILMEMBERS: Reed
ABSTAIN: COUNCILMEMBERS: Xone
ATTEST:
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CITY CLERK
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