TITLE
Recommendation to adopt resolution approving the Annual Assessment Report from October 1, 2015 to September 30, 2016 for the Bixby Knolls Parking and Business Improvement Area, declaring its intention to levy the annual assessment and setting the date of hearing for Tuesday, October 20, 2015 at 5:00 p.m. (Districts 7,8)
DISCUSSION
The Bixby Knolls Business Improvement Association (Association) 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 require that an annual assessment report be submitted to the City Council by the Advisory Commission designated for the Assessment District. On July 20, 2015, the BKPBIA Advisory Board voted to adopt the attached Fiscal Year 2016 BKPBIA Assessment Report.
The Annual 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. A copy of the Annual Report describing proposed activities and allocations is attached.
The recommended Resolution of Intention grants approval of the Annual 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 20, 2015.
This matter was reviewed by Deputy City Attorney Amy Webber on August 24, 2015, and by Budget Management Officer Victoria Bell on August 27, 2015.
TIMING CONSIDERATIONS
The BKBIA contract year begins October 1, 2015. City Council action is requested on September 22, 2015 to allow purchase order and contract modifications to be completed so that Fiscal Year 2016 (FY 16) assessment transfers may be made as required by the Agreement for Funding with the Association.
FIS...
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