TITLE
Recommendation to adopt resolution approving the Annual Assessment Report from October 1, 2014 to September 30, 2015 for the East Anaheim Street Parking and Business Improvement Area, declaring its intention to levy the annual assessment, and setting the date of hearing for October 14, 2014. (Districts 3,4)
DISCUSSION
The East Anaheim Business Association promotes and markets the East Anaheim Street commercial area, using funds generated through the assessment of area businesses located in the East Anaheim Street Parking and Business Improvement Area (EASPBIA). State law governing Parking and Business Improvement Areas require that an annual assessment report (Annual Report) be submitted to the City Council by the Advisory Commission designated for the Assessment District. On August 12, 2014, the EASPBIA Advisory Board voted to adopt the Fiscal Year 2015 EASPBIA Annual Report (attached).
The Annual Report describes the boundaries, proposed activities and budgetary information, as well as the method and basis for continuation of the assessment. The Annual 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 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 14, 2014.
This matter was reviewed by Deputy City Attorney Amy Webber on August 19, 2014, and Budget Management Officer Victoria Bell on August 28, 2014.
TIMING CONSIDERATIONS
City Council action is requested on September 16, 2014 to allow purchase order and contract modifications to be completed so that Fiscal Year 2015 (FY 15) assessment transfers may be made as required by the Agreement for Funding with the EASPBIA. The EASPBIA contract year begins October 1, 2014.
FISCAL IMPACT
It is estimated that the EASPBIA will generate $141,000 in FY 15 through the pro...
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