TITLE
Recommendation to adopt resolution approving the Annual Assessment Report for October 1, 2013 to September 30, 2014 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 8, 2013. (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 August 9,2013, the BKPBIA Advisory Board voted to adopt the Fiscal Year 2014 BKPBIA Assessment Report, which is Exhibit A to the attached Resolution.
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 8, 2013.
This matter was reviewed by Deputy City Attorney Amy Webber on August 7, 2013, and Budget Management Officer Victoria Bell on August 16, 2013.
TIMING CONSIDERATIONS
City Council action is requested on September 3, 2013 to set the date for the Public Hearing for October 8, 2013. The BKBIA contract year begins October 1, 2013.
FISCAL IMPACT
It is estimated that the BKPBIA will generate $131,487 in FY 14 through the proposed continuation of the existing assessment. Assessment funds are collected through additional fees attached t...
Click here for full text