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Recommendation to approve the Downtown Long Beach Parking and Business Improvement Area (DLBPBIA) Annual Report continuing the DLBPBIA assessment for the period of October 1, 2016 through September 30, 2017; authorize City Manager to extend the agreement with the Downtown Long Beach Associates for a one-year term; and
Increase appropriations in the Parking and Business Area Improvement Fund (SR 132) in the Economic and Property Development Department (EP) by $12,020, offset by assessment revenues. (Districts 1,2)
DISCUSSION
The Downtown Long Beach Associates (DLBA) has three established sources of revenue that pass through the City to the organization. These include business operator assessments, property owner assessments and downtown parking meter revenue sharing. This recommended action relates to business operator assessment funds that are used to promote and market downtown Long Beach on behalf of businesses located in the DLBPBIA. The City Council approves the property owner assessment separately.
The proposed agreement with DLBA requires the City to transmit all DLBPBIA assessment funds collected from downtown businesses to the DLBA every other month. The Annual Report (Budget Narrative) describes boundaries, proposed activities and budgetary information, as well as the method and basis for continuation of the assessment. The Budget Narrative proposes no change in the boundaries, basis and method of levying the assessment, and no significant change in proposed activities. A copy of the Budget Narrative describing proposed activities and allocations is attached.
The Fiscal Year 2017 (FY 17) Budget Narrative, transmitting the recommendations of the DLBA Advisory Board, proposes the following assessment rates:
Method of Assessment
The DLBPBIA assessment fees are collected through business licenses from Downtown Long Beach (DTLB) businesses located within the DLBPBIA. The current annual assessment for FY 17 is approximately $421.07 per busi...
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