TITLE
Recommendation to adopt resolution approving the Annual Assessment Report for October 1, 2014 to September 30, 2015, for the Belmont Shore Parking and Business Improvement Area, declaring its intention to levy the annual assessment, and setting the date of hearing for September 16, 2014. (District 3)
DISCUSSION
The Belmont Shore Business Association (BSBA) promotes and markets the commercial area along Second Street using funds generated through the assessment of businesses located in the Belmont Shore Parking and Business Improvement Area (BSPBIA). State law governing Parking and Business Improvement Areas require the submission of an annual assessment (Annual Report) report by the Advisory Commission designated for this Assessment District. On May 15, 2014, the BSPBIA Advisory Commission voted unanimously to recommend to City Council approval of the BSPBIA Annual Report (Attachment).
The Annual Report describes boundaries, proposed activities and budgetary information, as well as the method and basis for continuation of the assessment. The Annual Report proposes a revision in the basis and method of levying the assessment for insurance agents. The proposed revision is a reduction in the annual assessment rate from $1,646.22 plus $16.50 per employee, to an annual rate of $425.80 plus $22.00 per employee. There are no proposed significant changes in activities and no changes to the existing boundaries.
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 the public hearing for September 16, 2014.
This matter was reviewed by Deputy Attorney Amy R. Webber on July 10, 2014 and by Budget Management Officer Victoria Bell on July 18, 2014.
TIMING CONSIDERATIONS
City Council action is requested on August 19, 2014 to allow purchase order and contract modifications to be completed so that Fiscal Year 2015 (FY 15) asses...
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