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
Public Hearing Regarding the Renewal of Downtown Business Improvement District (BID) for Fiscal Year 2016-2017 Including Authorization to Collect Assessments; Ratification of the District Advisory Board; Authorization to Enter Into an Agreement with the Downtown Manhattan Beach Business and Professional Association; and Authorization to Disburse Fiscal Year 2015-2016 Assessments Collected (Finance Director Moe).
CONDUCT PUBLIC HEARING; ADOPT RESOLUTION NO. 16-0044; RATIFY BOARD; APPROVE
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Recommended Action
RECOMMENDATION:
The Downtown Business Improvement District Advisory Board and City staff recommend that the City Council: a) conduct a public hearing; b) adopt Resolution No. 16-0044 authorizing the collection of assessments; c) ratify the nominees for the Fiscal Year 2016-2017 Downtown Business Improvement District (BID) Advisory Board; d) authorize the City Manager and Business Improvement District Advisory Board Chairperson to enter into an agreement with the Downtown Manhattan Beach Business & Professional Association to provide services to the Business Improvement District; and e) authorize the disbursement of all assessments collected for FY 2015-2016 (approximately $111,484.46).
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FISCAL IMPLICATIONS:
The Downtown Business Improvement District is funded through an 80% surcharge on the business license tax to a maximum of $600. Since the business license and Business Improvement District surcharge is not collected until April/May of any given year, the Business Improvement District is funded by assessments generated during the previous fiscal year. The Business Improvement District assessments from FY 2015-2016 to be disbursed currently total $111,484.46.
The total FY 2016-2017 ...
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