TO:
Honorable Mayor and Members of the City Council
THROUGH:
Bruce Moe, Acting City Manager
FROM:
Steve S. Charelian, Acting Finance Director
SUBJECT:Title
Resolution of Intention to Provide for Annual Levy and Collection of Assessments for the North Manhattan Beach Business Improvement District and Setting February 20, 2018 for a Public Hearing (Acting Finance Director Charelian).
ADOPT RESOLUTION NO. 18-0005
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Recommended Action
RECOMMENDATION:
The North Manhattan Beach Business Improvement District (North MB BID) Advisory Board and City staff recommend that the City Council adopt Resolution No. 18-0015 announcing the City's intention to renew and to set assessments for the North MB BID for 2018, and set the public hearing for February 20, 2018.
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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 Manhattan Beach Business Improvement District existed (then called North End BID) 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 MB BID because it was apparent that opportunities for increased parking were limited. Business owners in this area were interested in using the accumulated funds (then totaling around $300,000) for promotional purposes, and to create an identity for North Manhattan Beach. As a result, this BID was dissolved to form a new BID pursuant to the Parking And Business Improvement Area Law of 1989 (Streets and Highway Code 36500), which permits funds to be used for broad purposes such as ...
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