TITLE
Recommendation to declare ordinance amending Ordinance No. ORD-06-0037, modifying the assessments to be levied with the Bixby Knolls Parking and Business Improvement Area, read and adopted as read. (Districts 7,8)
DISCUSSION
The Bixby Knolls Business Improvement Association (BKBIA) 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 designated Advisory Board. On April 24, 2014, the BKPBIA Advisory Board voted to approve the Fiscal Year 2015 BKPBIA Assessment Report (Attachment A).
The Assessment Report describes boundaries, proposed activities and budgetary information, as well as the method and basis for continuation of the assessment. The report proposes a change in the method of levying the assessment. Since 1995, there have been no assessment fee increases for businesses located in the district. The change in assessment rate is due to the renewal of the previously allowed CPI increase. The BKPBIA board unanimously approved the revised assessment methodology which is detailed in the following table:
Assessment Formula
All businesses, regardless of category, will be assessed $250 dollars beginning October 1, 2014.
Non-profits will now be assessed $150.
Yearly CPI adjustment
Additional $20 added each year
BUISNESS BASE RATE NON-PROFIT BASE RATE
October 1, 2014-September 30, 2015 $250 $150
There are no significant changes to the proposed activities.
There are no changes to the area boundaries.
To continue the assessment levy, State law requires that a public hearing be held on the proposed program and assessment. At its meeting of September 2, 2014, City Council approved the Assessment Report and set the hearing date for October 21, 2014. ...
Click here for full text