TITLE
Recommendation to adopt resolution approving the Annual Report for October 1, 2017 to September 30, 2018, 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 Tuesday,
October 10, 2017 at 5:00 p.m. (Districts 3,4)
DISCUSSION
The East Anaheim Street Business Alliance (EASBA) promotes and markets the commercial area along Anaheim Street using funds generated through the assessment of businesses located in the East Anaheim Street Parking and Business Improvement Area (EASPBIA). State law governing Parking and Business Improvement Areas requires that an Annual Report be submitted to the City Council by the Advisory Board designated for this Assessment District. On July 13, 2017, the EASBA Advisory Board voted to recommend to the City Council approval of the EASPBIA Annual Report (Exhibit A to Resolution).
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 includes two new business types, non-profit businesses and home-based businesses, and an expanded list of businesses to include banking institutions in the Type 1 Businesses category in the method of levying the assessment. There is no significant change to the proposed activities.
The Fiscal year 2018 Annual Report, transmitting the recommendations of the Advisory Board, proposes the following assessment rates:
Method of Assessment
Special benefit assessment of businesses operating within the area. The estimated 2017-2018 fiscal year revenue from business assessments is $140,000. Assessments are calculated as follows:
ยท Type 1 Businesses: Retail, recreation and entertainment, unique businesses, and baking institutions, shall pay annual assessment fees of:
o Base fee: $300 per year except that secondary licenses in these classes are exempt; and,
o Employee Fee: $15 per employee...
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