TITLE
Recommendation to approve the Downtown Long Beach Property and Business Improvement District Annual Report for the period of January 1, 2017 through December 31, 2017, automatically extending the Agreement for Funding with the Downtown Long Beach Associates for one year; authorize payment of $541,057 in City property assessments from the Civic Center Fund (IS 380) in the Public Works Department (PW);
Increase appropriations in the Civic Center Fund (IS 380) in the Public Works Department (PW) by $110,816, offset by a reduction in funds available; and
Increase appropriations in the Parking and Business Area Improvement Fund (SR 132) in the Economic and Property Development Department (EP) by $203,742, 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 property owner assessment funds for expenses related to security, maintenance, public relations, special projects, advocacy and economic development in downtown Long Beach. City Council approves the business operator assessment separately. The DLBA’s approved Fiscal Year 2017 (FY 17) Budget Narrative, including all sources of revenue, is provided for reference as Exhibit A.
The Downtown Long Beach Property and Business Improvement District (DLBPBID) was established by the City Council on August 4, 1998. On August 7, 2012, City Council re-established the DLBPBID. This re-establishment required a majority vote of the property owners in favor of re-establishing the district for a new term of ten years.
On January 12, 2001, the City Council and DLBA executed an Agreement for Funding setting forth the duties and delegations of the parties. This Agreement is automatically extended on a year-by-year basis upon approval ...
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