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
Resolution No. 16-0001 of Intention to Provide for Annual Levy and Collection of Assessments for the North Manhattan Beach Business Improvement District and Setting February 16, 2016 for a Public Hearing (Finance Director Moe).
ADOPT RESOLUTION NO. 16-0001
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Recommended Action
RECOMMENDATION:
The North Manhattan Beach Business Improvement District Advisory Board and City staff recommend that the City Council adopt Resolution No. 16-0001 announcing the City's intention to renew and to set assessments for the North Manhattan Beach Business Improvement District for 2016, and setting the public hearing for February 16, 2016.
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FISCAL IMPLICATION:
There is no budgetary or other financial implication associated with the adoption of the Resolution of Intention.
BACKGROUND:
From 1969 to 2004, a North End Business Improvement District existed for commercial properties located along the northern portion of Highland Avenue and a few businesses located along Rosecrans Avenue just east of Highland. This Business Improvement District, formed under the Parking and Business Improvement District Law of 1965, was fairly limited in scope and was used mainly to address parking acquisition and construction.
In December 2004, Council approved revamping the North End Business Improvement District because it was apparent that opportunities for increased parking in this section of the community were limited. Additionally, the business owners in this area were interested in using the accumulated funds (now totaling approximately $500,000) for business promotional purposes, and to create an identity for the North End. As a result, the old Business Improvement District was converted from the 1965 law to the 198...
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