TITLE
Recommendation to adopt Resolution of Intention to form the East Anaheim Street Parking and Business Improvement Area, to set the date for public hearing for April 20, 2010 at 5:00 p.m., and to designate the Advisory Board; authorize City Manager to initiate majority protest proceedings; increase appropriations in the Parking and Business Area Improvement Fund (SR 132) in the Department of Community Development (CD) for $33,178; and authorize City Clerk to receive written protests. (Districts 3,4)
DISCUSSION
The Parking and Business Improvement Area Law of 1989 of the California Streets and Highways Code allows for the creation of Business Improvement Areas, allowing business owners to voluntarily levy an assessment upon themselves to provide for improvements and or activities.
Businesses along Anaheim Street, between Junipero Avenue and Pacific Coast Highway, have petitioned the City for creation of a business improvement district, Le., the East Anaheim Street Parking and Business Improvement Area (EASPBIA). The new business improvement district shall be comprised of business licensees within the proposed boundaries, as described later in this report.
The EASPBIA Initial Assessment Report and Proposed Service Plan (Assessment Report) details the boundaries of the EASBPIA, the amount and method of assessment for each business, and the improvements for which the assessment funds will be used. The assessment methodology will generate approximately $132,710 in revenue during the first year.
In order to form the EASPBIA in a timely manner, the initial term will be for the period July 1, 2010 through September 30, 2010. Estimated revenue for the initial term is $33,178. The Assessment Report is provided as an exhibit to the attached Resolution of Intention (ROI).
The East Anaheim Street Business Association (EASBA) is an organization of business owners in the same general vicinity as the proposed EASPBIA. Through the EASBA, the business community has im...
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