TITLE
Recommendation to approve Andy Street Multi-Family Improvement District Annual Report and Assessment for the period of October 1, 2008 through September 30, 2009, automatically extending the current agreement with the Andy Street Multi-Family Improvement District for a one-year period. (District 9)
DISCUSSION
The Department of Community Development staff has assisted multi-family property and business owners in the area for the past several years with programs to reduce crime, enhance resident safety and to improve the economic vitality of area businesses. The enactment of the Multi-family Improvement District (MID) legislation in 2004 provided a new tool to make the improvement of the residential neighborhood more sustainable. The MID, much like Business Improvement Districts, allows the use of fee assessments to pay for capital improvements, as well as security services, common property management or landscaping services. The MID tool provides the flexibility and innovation necessary to respond to ever changing owner and resident needs.
At the request of the property and business owners in the Andy Street Multi-Family Improvement District (AMID), City Council adopted on April 10, 2007 a resolution of intention to establish the AMID. On June 5, 2007, the Long Beach City Council unanimously approved the creation of the AMID, which includes adjacent business owners who saw the benefit of joining the district.
Pursuant to the MID legislation, Andy Street neighborhood property and business owners assess themselves an additional fee to pay for supplemental security patrol to reduce crime, graffiti and illegal dumping. The law also requires that the AMID Advisory Board approve and file an Annual Report describing their projected budget and expenditures. The 2008-2009 Annual Report is attached for City Council approval. The levy of assessment will cover the period of October 1, 2008 through September 30, 2009.
The Board-approved AMID rate of assessment is...
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