TO:
Honorable Mayor and Members of the City Council
THROUGH:
Bruce Moe, City Manager
FROM:
Steve S. Charelian, Finance Director
Cynthia Mickschl, Acting Revenue Services Manager
SUBJECT:Title
Conduct Public Hearing Adopting Resolution Nos. 19-0051 and 19-0052 Regarding Renewal of Downtown Business Improvement District (BID) for Fiscal Year 2019-2020 Including Authorization to Collect Assessments; Ratification of the District Advisory Board; Authorization to Enter Into an Agreement with the Downtown Manhattan Beach Business and Professional Association; and Authorization to Disburse Fiscal Year 2018-2019 Assessments Collected (Finance Director Charelian).
a) CONDUCT PUBLIC HEARING
b) ADOPT RESOLUTION NOS. 19-0051 AND 19-0052
c) RATIFY BOARD
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Recommended Action
RECOMMENDATION:
The Downtown Business Improvement District Advisory Board and City staff recommend that the City Council: a) conduct a public hearing; b) adopt Resolution No. 19-0051 authorizing the collection of assessments; c) ratify the nominees for the Fiscal Year (FY) 2019-2020 Downtown Business Improvement District (BID) Advisory Board; d) adopt Resolution No. 19-0052 authorizing the City Manager and BID Advisory Board Chairperson to enter into an agreement with the Downtown Manhattan Beach Business & Professional Association to provide services to the Business Improvement District; and e) authorize the disbursement of all assessments collected for FY 2018-2019 (approximately $108,000).
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FISCAL IMPLICATIONS:
The Downtown Business Improvement District is funded through an 80% surcharge on the annual business license tax, up to a maximum of $600 per business. The BID surcharge is collected around April/May of any given year, and disbursed to the Downtown MB Business & Professional Association at the beginning of the next fiscal year in July.
The FY 2019-2020 proposed operating budget for the Downtown MB Business & Prof...
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