TITLE
Recommendation to receive supporting documentation into the record; conclude the hearing; adopt a Resolution approving the Belmont Shore Parking and Business Improvement Area program and assessment for the period of October 1, 2005 through September 30, 2006; and authorize City Manager to execute an agreement with the Belmont Shore Business Association for a one-year term. (District 3)
DISCUSSION
The Belmont Shore Business Association (BSBA) uses business license assessment funds to promote and market the commercial area along Second Street on behalf of businesses located in the Belmont Shore Parking and Business Improvement Area (BSPBIA). To continue the assessment levy, state law requires that a public hearing be held on the proposed program and assessment. A copy of the Assessment Plan describing proposed activities and allocations is provided as Attachment A. These items were reviewed by the City Council at its meeting of August 9, 2005. The BSBA governs the assessment to be collected. Following this public hearing, the City Council may adopt the attached Resolution confirming the Assessment Plan as filed, or as amended by the City Council during these proceedings. The adoption of the Resolution sets the assessment from October 1, 2005 through September 30,2006. State law further provides that the City Council shall hear and consider all protests against the assessment, program, boundaries of the area, and/or any benefit zone as proposed in the assessment Plan. The Assessment Plan, transmitting the recommendations of the BSPBIA Advisory Commission, proposes the following: Continue the current year assessment at the rates established in Attachment A and summarized as follows: Financial Institutions/Banks $548.74 + $5.50/employee Manufacturing and Retail $365.82 + $5.50/employee
Financial Institutions/lnsurance Other $212.90 + $11.00/employee $212.90 + $11.00/employee
-Make no significant changes in the activities program.
-Make no changes in the exi...
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