TO:
Honorable Mayor and Members of the City Council
THROUGH:
Mark Danaj, City Manager
FROM:
Bruce Moe, Finance Director
Steve Charelian, Revenue Services Manager
SUBJECT:Title
Renewal of the North Manhattan Beach Business Improvement District and Approval of Assessments for Fiscal Year 2016-2017 (Finance Director Moe).
a) CONDUCT PUBLIC HEARING
b) ADOPT RESOLUTION NO. 16-0003
c) RATIFY 2016 BUSINESS IMPROVEMENT DISTRICT ADVISORY BOARD MEMBERS
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Recommended Action
RECOMMENDATION:
Staff Recommends that the City Council:
a) Conduct a Public Hearing;
b) Adopt Resolution No. 16-0003 renewing the district and providing for the collection of assessments for the North Manhattan Beach Business Improvement District (NMB-BID); and
c) Ratify the Business Improvement District Advisory Board Members for 2016.
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FISCAL IMPLICATIONS:
The North Manhattan Beach Business Improvement District is funded through an 80% surcharge on the business license tax to a maximum of $500 per year. Collections for the fiscal year are estimated to be $29,000. North Manhattan Beach Business Improvement District reserves total $549,701.58, including $112,938.98 remaining for a capital project for beautification originally budgeted in 2007 (total project cost of $370,000). Those funds have been carried forward into fiscal year 2015-2016.
BACKGROUND:
In January 2004, the City Council dissolved the existing North End Business Improvement District formed in 1969 under the State's Parking and Business Improvement District Law of 1965. The BID was fairly limited in scope and was mainly designed to address parking acquisition and construction. Because opportunity for the acquisition of parking in the North End is limited, the businesses being assessed wanted to use the funds for other types and activities, such as physical improvements, signage, marketing, and promotion to name a few. To accommoda...
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