TITLE
Recommendation to receive supporting documentation into the record, conclude the hearing, and adopt resolution adopting the Belmont Shore Parking and Business Improvement Area program and assessment for the period of October 1, 2007 through September 30, 2008; and authorize City Manager to execute an agreement with the Belmont Shore Business Association for a one-year term. An appropriation increase of $20,000 is requested in the Parking and Business Area Improvement Fund (SR 132). (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). The BSBA governs the assessment to be collected. 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 Report describing proposed activities and allocations is provided (Attachment A). These items were reviewed by the City Council at its meeting of August 21,2007.
The Assessment Report describes boundaries, proposed activities and budgetary information, as well as the method and basis for continuation of the assessment. The Assessment Report proposes no change in the basis and method of levying the assessment and no significant change in proposed activities.
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 Report. The 2008 Assessment Report, transmitting the recommendations of the BSPBIA Advisory Commission, proposes the following assessment rates:
Cateqories Base Rate Emplovee Rate
Financial Institution & Insurance $1,646.22 $16.50
Service Real Estate Office $ 638.70 $22.00
Retail- Rest. W/Alcohol & RTE $ 640.19 $ 9.63
Retail- Other $ 548....
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