TITLE
Recommendation to adopt resolution approving the Annual Assessment Report from October 1, 2013 to September 30, 2014 for the East Anaheim Street Parking and Business Improvement Area, declaring its intention to levy the annual assessment, and setting the date of hearing for Tuesday, October 15, 2013. (Districts 3,4)
DISCUSSION
The East Anaheim Business Association promotes and markets the East Anaheim Street commercial area, using funds generated through the assessment of area businesses located in the East Anaheim Street Parking and Business Improvement Area (EASPBIA). 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 August 15, 2013 the EASPBIA Advisory Board voted to adopt the Fiscal Year 2014 EASPBIA Assessment Report, which is attached to the Resolution as Exhibit A.
The Assessment Report describes the boundaries, proposed activities and budgetary information, as well as the method and basis for continuation of the assessment. The report proposes no change in the method of levying the assessment and no significant changes to proposed activities.
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 15, 2013.
This matter was reviewed by Deputy City Attorney Amy Webber on August 19, 2013, and Budget Management Officer Victoria Bell on August 22, 2013.
TIMING CONSIDERATIONS
City Council action is requested on September 10, 2013 to set the public hearing date for October 1, 2013. The EASPBIA contract year begins October 1, 2013.
FISCAL IMPACT
It is estimated that the EASPBIA will generate $123,937 in FY 14 through the proposed continuation of the existing assessment. Sufficient funds are included in the FY 14 Proposed B...
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