TO:
Honorable Mayor and Members of the City Council
THROUGH:
Bruce Moe, City Manager
FROM:
Steve S. Charelian, Finance Director
Cynthia Mickschl, Revenue Services Manager
SUBJECT:Title
Consider Adopting a Resolution Declaring an Intention to Provide for Annual Levy and Collection of Assessments for the North Manhattan Beach Business Improvement District and Setting February 18, 2020, for a Public Hearing (Finance Director Charelian).
ADOPT RESOLUTION NO. 20-0007
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Recommended Action
RECOMMENDATION:
Staff recommends that the City Council adopt Resolution No. 20-0007 announcing the City's intention to renew and to set assessments for the North Manhattan Beach Business Improvement District (North MB BID) for 2020, and set the public hearing for February 18, 2020.
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FISCAL IMPLICATION:
There is no budgetary or other financial implication associated with the adoption of the Resolution of Intention. At the current rate, the assessment levied collects approximately $29,000 per year.
BACKGROUND:
From 1969 to 2004, a North MB BID 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 Section 3...
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