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 of Intention to Provide for Annual Levy and Collection of Assessments for the Downtown Business Improvement District and Setting July 7, 2015 for a Public Hearing (Finance Director Moe).
ADOPT RESOLUTION NO. 15-0034, SET PUBLIC HEARING FOR JULY 7, 2015
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Recommended Action
RECOMMENDATION:
The Downtown Business Improvement District Advisory Board and City Staff recommend that the City Council adopt Resolution No. 15-0034 announcing the City's intention to set assessments for the Downtown Business Improvement District (BID) for fiscal year (FY) 2015-2016, and setting the public hearing for July 7, 2015.
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FISCAL IMPLICATIONS:
There is no budgetary or other financial implication associated with the adoption of the Resolution of Intention
BACKGROUND:
In 1998, the City Council, at the request of the downtown business owners, dissolved an existing parking district and created a new Business Improvement District (BID) for the downtown area. The new district was created under the Parking and Business Improvement Area Law of 1989, which provides flexibility with respect to the use of funds. The previously existing parking district restricted the use of the funds to the acquisition and construction of parking facilities.
The Parking and Business Improvement Area Law of 1989 requires that the district and the associated assessments be renewed annually. Therefore, at its meeting of July 7, 2015, the City Council will hold a public hearing to consider the request from the Downtown Business Improvement District Advisory Board to renew the district for fiscal year 2015-2016 and levy the associated assessments (80% surcharge on business license fees to a maximum of $600).
DISCUSSION:
The purpo...
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