TO:
Honorable Mayor and Members of the City Council
THROUGH:
Bruce Moe, City Manager
FROM:
George Gabriel, Assistant to the City Manager
SUBJECT:Title
Consideration of Actions Related to the North Manhattan Beach Business Improvement District including: 1) Conceptual Approval to Transition Ongoing Management to a Non-Profit and Execute a Future Agreement with the Non-Profit to Provide Services to the Business Improvement District, and 2) Authorizing Expenditures and Appropriating $10,000 for Managing the North Manhattan Beach Business Improvement District Activities and Initiatives (City Manager Moe).
(Estimated Time: 20 Mins.)
A) APPROVE
B) AUTHORIZE AND APPROPRIATE
Body
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RECOMMENDATION:
Staff recommends that the City Council:
1. Approve a conceptual plan of transitioning ongoing management of the North Manhattan Beach Business Improvement District to a non-profit and execute a future agreement with the non-profit to provide services to the business improvement district; and
2. Authorize and appropriate $10,000 from the Parking Fund for developing or utilizing an existing non-profit to manage the North Manhattan Beach Business Improvement District activities and initiatives.
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, not to exceed $500 annually. At the current rate, the assessments total approximately $25,000 per year and are held separately within the Parking Fund. Should the City Council appropriate and authorize funds, the NMB BID's balance will be deducted by an amount not to exceed $10,000.
Should the City Council execute an agreement with a non-profit to manage the BID's funds, the City and non-profit will determine how best to disburse the NMB BID's fund balance over time and in accordance with the NMB BID's approved budget.
BAC...
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