TO:
Honorable Mayor and Members of the City Council
THROUGH:
Bruce Moe, City Manager
FROM:
Steve S. Charelian, Acting Finance Director
SUBJECT:Title
Conduct Public Hearing Adopting Resolution No. 18-0006 for the Renewal of the North Manhattan Beach Business Improvement District and Approval of the Annual Collection of Assessments for Fiscal Year 2018-2019 (Acting Finance Director Charelian).
a) CONDUCT PUBLIC HEARING
b) ADOPT RESOLUTION NO. 18-0006
c) RATIFY 2018 BUSINESS IMPROVEMENT DISTRICT ADVISORY BOARD MEMBERS
d) CONSIDER THE PROPOSED 2018 ACTIVITY PLAN
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Recommended Action
RECOMMENDATION:
Staff recommends that the City Council:
a) Conduct a Public Hearing regarding the proposed assessment;
b) Adopt Resolution No. 18-0006, renewing the district and authorizing the collection of the assessment to provide services of the North Manhattan Beach Business Improvement District (NMB-BID);
c) Ratify the Business Improvement District Advisory Board Members for 2018; and
d) Review and approve the Proposed 2018 Activity Plan.
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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 (Attachment 4), not to exceed $500 annually. Collections for this fiscal year are estimated to be $29,000. NMB-BID has approximately $550,000 in reserve for projects and activities. This includes a balance of $50,871 in appropriated funds for beautification projects originally budgeted in 2007 (original project cost was $370,000).
BACKGROUND:
In January 2004, the City Council dissolved the North End Business Improvement District 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 addition...
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