Year in Review2013

Prelude

A Year of Polarity?The Price of Success

2013

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Revenue Trends

Since Great Recession Robust Economic Activity Emerges in Palo Alto

Hotel occupancy rates have risen to 85% in 2014 from 66% in 2010 demonstrating rising business activity and more trips to Palo Alto

Hotel revenues expected to increase by 76% or $5.2 million since 2010

Home sale values surged from $1.23 million in 2009 to $1.8 million in 2013, a 46 percent average increase for sellers

FY 2010-2014

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Revenue Trends: FY 2010-2014

Property transfer tax revenues increased at a blistering compound annual growth rate of 19% since FY 2010

While number of transactions have increased, the value of transactions has soared. Recent Class A office downtown as high as $900 to $1,100 per square foot

Assessed values for residential and commercial properties have risen by 16.4 percent since depths of Great Recession. Solid and enviable growth compared to other jurisdictions

ImpactsTraffic, Parking, Neighborhood Impacts, Change, Loss

Chance to Live in Palo Alto, Build a Business, Dynamic, Vibrant, Multi-Generational Opportunity, Urban

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It was the best of times, it was the worst of times

business, jobs, work neighborhoods, home

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National Citizen Survey2013

91%

84%

92%

91%

89%

0% 25% 50% 75% 100%

Quality of Life

Quality of Services

Place to Live

Neighborhood

Recommend Living in PA

2013

Rated Excellent or Good

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National Citizen Survey2013

PALO ALTO % COMPARISON TO BENCHMARK

Employment opportunities 99% MUCH ABOVE

Palo Alto as a place to work 99% MUCH ABOVE

Drinking water 98% MUCH ABOVE

Public schools 98% MUCH ABOVE

Educational opportunities 97% MUCH ABOVE

Positive impact of economy on household income 96% MUCH ABOVE

Overall image or reputation of Palo Alto 95% MUCH ABOVE

Ease of bicycle travel in Palo Alto 92% MUCH ABOVE

Animal control 91% MUCH ABOVE

Sewer services 91% MUCH ABOVE

Availability of preventive health services 91% MUCH ABOVE

City parks 90% MUCH ABOVE

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National Citizen Survey2013

Rated Excellent or Good

83%

45%

41%

26%

88%

60%

50%

41%

84%

47%

37%

33%

0% 25% 50% 75% 100%

City of Palo Alto

Santa Clara County

Federal Gov't

State Gov't

2013

2012

2011

Services Provided by Local, State and Federal Gov’ts

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Business & Work Highlights2013

Apple Store, Flemings Re-Location, The Container Store, American Girl, New Bloomingdales (under construction), General Shopping Center Updates (in-pipeline)

STANFORD SHOPPING CENTER

Keen, Susan Graf, Ltd, Sam’s Chowder House101 Lytton (Nearly Complete), 500 Hamilton and 240 Hamilton (approved)

DOWNTOWN

Epiphany 1st Quarter 2014, Hilton Garden Inn and Hilton Homewood Suites Expected Summer 2014, others under development

NEW HOTELS

New: The Corner Bakery, Keen, Gott’s RoadsideExpanding: Tesla, HP, VMWare, Theranos, Survey Monkey, Apple Stores, Palantir

NEW/EXPANDING BUSINESSES

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Neighborhood Highlights2013

Crescent Park Overnight Parking restrictions Newell Bridge CPI Outreach & Notice Changes on Planning

Projects Sidewalk & Street Maintenance Program Cubberley Community Center Residential Permit Parking Program Safe Routes to School Stanford Palo Alto Trails Plan Stalled Construction Regulation Ban on smoking in all Parks Most Capital Projects-Libraries, Bike Plan Urban Forest Master Plan Draft Know Your Neighbor Grant Program NextDoor

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Our City in the World2013 Yangpu Youth

Exchange 6 students travel to China for a meaningful and transformational experience

HeidelbergSmart Cities Partnership

Philippines Sister CityAssisted in recovery from Taiphoon Haiyan. More events, fundraisers, and assistance planned

International Business VisitsYangpu, Enschede, and Heidelberg

International Business Visits Hosted1. Enschede, Netherlands*2. Mianyang, China3. Azerbijan4. Northern Ireland5. Kazakstan6. Taiwan7. Palo, Philippines*8. Oaxaca, Mexico*9. Espoo, Finland/Aalto Univ.10. South Africa/U of J-berg11. Turkey12. Seoul, South Korea13. Russian Consulate14. KITA15. La Poste (French USPS)16. Japan

*Sister City

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Council Priorities2013

The Future of Downtown and California Avenue:

Urban Design Transportation Parking Livability

Infrastructure Strategy and Funding

Technology and the Connected City

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The Future of Downtown and California Avenue:

Housing Element

California Avenue Transit Hub Streetscape Design Completion

Urban Design, Transportation, Parking, Livability

Development Center

HSR and Caltrain Modernization

TDM (less cars)

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The Future of Downtown and California Avenue: Urban Design, Transportation, Parking,

Livability

Downtown CAP Study

Residential Permit Parking Emerges

Parking Exemptions Eliminated

Post Office

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The Future of Downtown and California Avenue: Urban Design, Transportation, Parking,

Livability

Comprehensive Plan

Jay Paul Project 27 University Office Towers

X XFuture of the City

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Infrastructure Strategy & Funding2013

Infrastructure Finance Planning

Mitchell Park Library & Community Center

Main Library Renovation

Street Maintenance Program

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Infrastructure Strategy & Funding2013

Sidewalks and School Routes

Channing/Lincoln Storm Drain

Ventura Park Renovation

Briones Park Restroom

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Infrastructure Strategy & Funding2013

Byxbee Park

Emergency Supply Wells

Opening of Household Hazardous Waste Facility

Bonde Weir Fish Passage Project

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Technology and the Connected City2013

Fiber-to-the-Premise & Wireless

Cogswell Plaza Renovation & Free WiFi

Palo Alto Mobile App 311

CityCamp Palo Alto

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Technology and the Connected City2013

Open GIS Implementation

Children’s Theatre On-line Ticketing System

Smart GridLED Streetlights

PAPD“Twitterific”

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Other Notables2013

AUTOMATIC EXTERNAL DEFIBRILATORS

SOLAR PROGRAMS

TWO CART COLLECTION PILOT

DISPOSABLE BAG ORDINANCE

PUBLIC ART EXPANSION

CUBBERLEY

SMOKING IN PARKS

HOMELESS SERVICES

RAINBOW FLAG

CARBON NEUTRAL ELECTRICITY

ELECTRIC VEHICLE INFRASTRUCTURE

SPECIAL EVENTS

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City Finances2013

BALANCED FY2014 BUDGET.

INFRASTRUCTUREINVESTMENT

STANFORD DEVELOPMENT FUNDS

POLICY

STRUCTURAL CHANGESFOCUS ON FUTURE

LONG RANGE FORECAST

AAA BOND RATING

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Recognition and Awards2013

Beacon AwardStatewide leadership award toward solving climate change, League of CA Cities

Climate Change

Thomas H. Muehlenbeck Award for Excellence for Innovation in Local Gov’t, Alliance for Innovation

Most Livable City in AmericaRanked #1 most livable city in America, Livability.com

OpenBudget Recognized for innovation

for OpenBudget and cutting-edge web-based data visualization, CSMFO & GFOA.

Award for producing excellent year-end financials GFOA #1 Digital City

2013 Digital Cities for population >75,000, Center for Digital Gov’t

Honored for Open Government and Civic Hacking Champions of Change, White House

Livability

Financial

Technology Innovati

on

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Looking Forward2014

Mitchell Park Library Opens Infrastructure Funding Plan (Ballot Measure

Decision) Cubberley Community Dialogue on Future of the City Comprehensive Plan Review Advances New Housing Element Adopted TDM Program Developed RPP Designed & Approved PC Zone Reform

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Looking Forward2014

Parking Lots & Shuttles Bike Plan Capital Improvements

CA Avenue Streetscape Construction SF Creek JPA Project Main Library Reopens (year-end) Airport Transfer Urban Forest Master Plan Adopted Parks & Recreation Master Plan

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Quality of Life. . . in Balance2013 National Citizen Survey

Palo Alto as a Place to Live 92%

Quality of Life: Neighborhoods 91%

Palo Alto as a Place to Work 99%

Employment Opportunities 99%

Educational Opportunities 97%

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