TITLE
Recommendation to adopt resolution approving the Annual Assessment Report for October 1, 2014 to September 30, 2015 for the Bixby Knolls Parking and Business Improvement Area, declaring its intention to levy the annual assessment and setting the date of hearing for
October 21, 2014. (Districts 7,8)
DISCUSSION
The Bixby Knolls Business Improvement Association (BKPBIA) promotes and markets the Bixby Knolls commercial area, using funds generated through the assessment of area businesses located in the Bixby Knolls Parking and Business Improvement Area (BKPBIA). State law governing Parking and Business Improvement Areas requires that an annual assessment report be submitted to the City Council by the Advisory Commission designated for the Assessment District. On April 24, 2014, the BKPBIA Advisory Board voted to adopt the Fiscal Year 2014 BKPBIAAssessment Report, which is Exhibit A to the attached Resolution.
The Assessment Report describes boundaries, proposed activities and budgetary information, as well as the method and basis for continuation of the assessment. The report proposes a change in the method of levying the assessment, but there are no significant changes to proposed activities. Ever since 1995 there have been no assessment fee increases, and the allowed CPI increase discontinued at that time. The BKPBIA board unanimously approved the revised assessment methodology which is detailed in the following table:
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 a public hearing for October 21, 2014.
This matter was reviewed by Deputy City Attorney Amy R. Webber on August 12, 2014, and Budget Management Officer Victoria Bell on August 15, 2014.
TIMING CONSIDERATIONS
City Council action is requested on September 2, 2014 to set the date for the Public Hearing for October 21, 2014. The BKBIA contract...
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