TITLE
Recommendation to adopt resolution approving the Annual Assessment Report for October 1, 2008 to September 30, 2009, for the Belmont Shore Parking and Business Improvement Area, declaring its intention
to levy the annual assessment; and setting the date of hearing for Tuesday, September 23, 2008 at 5:00 p.m. (District 3)
DISCUSSION
The Belmont Shore Business Association promotes and markets the commercial area along Second Street using funds generated through the assessment of businesses located in the Belmont Shore Parking and Business Improvement Area (BSPBIA). State law governing Parking and Business Improvement Areas require the submission of an annual assessment report by the Advisory Commission designated for this Assessment District. On June 19, 2008, the BSPBIA Advisory Commission voted to recommend to City Council approval of the BSPBIA Assessment Annual Report (Attachment A).
The Assessment Report describes boundaries, proposed activities and budgetary information, as well as the method. and basis for continuation of the assessment. The Assessment Report proposes no change in the basis and method of levying the assessment and no significant change in proposed activities.
The Assessment Report requests a change in the district boundaries to include public property along Livingston Avenue that will allow expenditure of assessment revenue for special event banners on the proposed gateway sign above the eastbound lanes of Livingston Avenue approaching Second Street. It is requested the City Attorney amend the appropriate ordinance modifying the Belmont Shore Parking and Business Improvement Area boundary as shown on Attachment B.
The recommended Resolution of Intention grants approval of the Assessment Report, declares the intention of the City Council to levy the assessment for proposed activities, and sets the date of the public hearing for September 23, 2008 (see attached resolution).
This letter was reviewed by Deputy City Attorney Heather Mahood on July 18, 2008, Budget Management Officer Victoria Bell on August 13, 2008 and the City Treasurer's Office on July 23, 2008.
TIMING CONSIDERATIONS
City Council action is requested on September 2, 2008, to set the date for the public hearing prior to the start of the contract year, which begins on October 1, 2008.
FISCAL IMPACT
It is expected that the BSPBIA will generate $138,000 in Fiscal Year 2009 (FY 09) through the proposed continuation of the existing assessment. Sufficient funds are included in the FY 09 Proposed Budget in the Parking and Business Area Improvement Fund (SR 132) in the Department of Community Development (CD). FY 09 assessment revenue will fully offset the allocation in SR 132.
There is no impact to the General Fund.
SUGGESTED ACTION
Approve recommendation.
BODY
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LONG BEACH APPROVING AN ANNUAL REPORT FOR OCTOBER 1, 2008 TO SEPTEMBER 30, 2009 FOR THE BELMONT SHORE PARKING AND BUSINESS IMPROVEMENT AREA AND DECLARING ITS INTENTION TO LEVY THE ANNUAL ASSESSMENT FOR THAT FISCAL YEAR
Respectfully Submitted,
Dennis J. Thys, Director
Department of Community Development
Attachments:
Attachment A - Belmont Shore Business Assessment Annual Report
Attachment B - Map of Proposed BSPBIA Boundary Change Resolution of Intention Approving Annual Report and Levy
NAME |
APPROVED: |
TITLE |
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PATRICK H. WEST |
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CITY MANAGER |