Loading...
HomeMy WebLinkAbout3772_CCv0001.pdf RESOLUTION NO. 3772 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS PROVIDING FOR DETERMINING VALUATION OF EXISTING SIGNS FOR THE PURPOSE OF SECTION 84509 OF THE REDLANDS SIGN CODE WHEREAS, Section 84509 of the Redlands Sign Code states that a sign which was legally installed in compliance with the ordinance in effect at the time of installation may be maintained in accor- dance with a specified amortization schedule; and WHEREAS, the value of a non-conforming sign shall be deter- mined by the Director of Building and Safety; and WHEREAS, it is necessary for the Director of Building and Safety to evaluate non-conforming signs in an objective and impartial manner; and WHEREAS, the acceptance of actual costs as verified by receipts or in absence of such receipts, the establishment of predetermined average cost criteria would, for the purpose of the Sign Code, provide a uniform basis for determining sign valuation; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF REDLANDS does hereby resolve that the Director of Building and Safety be directed to utilize the following table to determine sign valuation for the purpose of the amortization schedule in the Sign Code: TYPE OF SIGN VALUE PER SQ. FT. OF SIGN Painted Sign or Letters on Existing Surfaces $ 5 . 00 Plywood Sign (single face) 10 . 00 Plywood Sign (double face) 15 .00 Individual Letters on Existing Surface (all materials) 35. 00 Wood Type Monument Sign Less than 8 ' High with Decorative Base 45. 00 Manufactured Lighted Metal Signs Single Face 50 . 00 Double Face Projecting 75 . 00 I I TYPE OF SIGN VALUE PER SQ. FT. OF SIGN Double Face on Standard or Poles To 10 ' high $ 75 . 00 10 ' to 25 ' high 80 . 00 25 ' to 35 ' high 100. 00 35 ' to 50 ' high 125. 00 ADOPTED, SIGNED AND APPROVED this Mayor of the City of Redlands ATTEST: Cit rk APPROVED FOR FORM: a ty Atto ney Resolution No. 3772 Paste two Resolution No . 3772 Comments on Sign Valuation and Proposed Resolution Because a sign is a specialty item which is typically tailored for the needs of a specific firm, a properly maintained sign does not significantly depreciate in value fot its owner as it ages . In fact, while possibly worthless as a resale item, the value of a sign could theoretically appreciate for its owner because replacement costs historically have increased with each passing year . Therefore, I believe that it would be appropriate to base the value of a well maintained sign upon its original cost as verified by receipts furnished by the owner of the sign. In absence of such receipts, an estimate should be made relating to average costs of sign instal- lation. It should be noted here that a sign in need of repair, paint, or other maintenance shall either be removed or renovated before the City approves the Certificate of Occupancy and before the issuances of a business license. For the purpose of providing a uniform means of establishing value of an exiting sign, I recommend that the following resolution be considered.