TO:
Honorable Mayor and Members of the City Council
THROUGH:
Talyn Mirzakhanian, City Manager
FROM:
Libby Bretthauer, Finance Director
Emy-Rose Hanna, Financial Services Manager
SUBJECT:Title
Consideration of: a) Resolutions Regarding Renewal of North Manhattan Beach Business Improvement District (BID) for Fiscal Year 2026-2027, Including Authorization to Collect Assessments, and Agreement with the North Manhattan Beach Business and Professional Association; and b) Appropriation of $90,000 from the Parking Fund to Disburse Reserved BID Funds (Unbudgeted) (Finance Director Bretthauer) (Estimated Time: 15 Min.)
A) CONDUCT PUBLIC HEARING
B) ADOPT RESOLUTION NOS. 26-0095 AND 26-0096
C) APPROPRIATE FUNDS AND AUTHORIZE THE DISBURSEMENT OF RESERVED BID FUNDS
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RECOMMENDATION:
The North Manhattan Beach Business Improvement District Advisory Board and City staff recommend that the City Council: a) conduct a public hearing; b) adopt Resolution No. 26-0095 authorizing the collection of assessments; c) adopt Resolution No. 26-0096 authorizing the City Manager to enter into an agreement with the North Manhattan Beach Business & Professional Association (Association) to provide services to the Business Improvement District; and d) appropriate $90,000 from the Parking Fund to disburse Reserved BID Funds.
FISCAL IMPLICATIONS:
The North Manhattan Beach Business Improvement District (NMBBID) is funded through an 80% surcharge on the annual business license tax for its members, up to a maximum of $500 per business. The assessment is typically collected during the annual business license tax filing period that begins February 1 and continues through April 30. Assessments are retained in a separate reserve account until requested by the BID.
The Association submitted the attached proposed operating budget for FY 2026-2027. To support these expenditures, an appropriation of $90,000 is needed from the Parking Fund,...
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