TO:
Honorable Mayor and Members of the City Council
THROUGH:
Bruce Moe, City Manager
FROM:
George Gabriel, Assistant to the City Manager
SUBJECT:Title
Consider Authorizing Expenditures and Appropriating Funds for Initiatives Approved by the North Manhattan Beach Business Improvement District Advisory Board (City Manager Moe).
A) AUTHORIZE
B) APPROPRIATE
Line
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Recommended Action
RECOMMENDATION:
Staff recommends that the City Council authorize and appropriate funding for three initiatives totaling $80,800 approved by the North Manhattan Beach Business Improvement District Advisory Board.
Body
FISCAL IMPLICATIONS:
The North Manhattan Beach Business Improvement District (NMB BID) is funded through an 80% surcharge to the business license tax paid by those businesses located within the district, not to exceed $500 annually. At the current rate, the assessments total approximately $25,000 per year and are held separately within the Parking Fund. Should the City Council appropriate and authorize funds, the NMB BID's balance will be deducted by an amount not to exceed $80,800.
BACKGROUND:
In January 2004, the City Council dissolved the North End Business Improvement District, which was formed in 1969 under the State's Parking and Business Improvement District Act of 1965. The BID was limited in scope and was mainly responsible for addressing parking acquisition and construction. Because opportunity for acquiring additional parking in the North End is limited, business district members wanted to use the funds for other types of activities, such as physical improvements, beautification, signage, marketing, and promotion. To accommodate this request, City Council dissolved the 1969 Business Improvement District and created the current Business Improvement District using the broader 1989 BID Act.
DISCUSSION:
At the February 21, 2023, meeting, City Council conducted a public hearing and approved the 2023...
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