TITLE
Recommendation to receive supporting documentation into the record, conclude the hearing, and adopt resolution continuing the Belmont Shore Parking and Business Improvement Area assessment for the period of October 1, 2014 through September 30, 2015; and authorize City Manager to extend the agreement with the Belmont Shore Business Association for a one-year term. (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 Annual Report describing proposed assessments, activities and allocations is attached to the Resolution as Exhibit A. These items were reviewed by the City Council at its meeting of August 19, 2014.
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. A copy of the Annual Report describing proposed activities and allocations is attached.
At its August 19, 2014 meeting, City Council approved Resolution No. RES-14-0071 granting approval of the Annual Report, declaring the intention of the City Council to levy the assessment, and set September 16, 2014 as the date of the public hearing. A hearing notice, including a copy of the Resolution, was published in local media.
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