TITLE
Recommendation to receive supporting documentation into the record, conclude the hearing and adopt resolution confirming the Fourth
Street Parking and Business Improvement Area annual report and continuing the assessment for the period of October 1, 2011 through September 30, 2012; and authorize City Manager to extend the agreement with the Fourth Street Business Improvement Association for a one-year term. (District 2)
DISCUSSION
The Fourth Street Business Improvement Association (FSBIA) uses business license assessment funds to promote and market the commercial area along Fourth Street on behalf of businesses located in the Fourth Street Parking and Business Improvement Area (FSPBIA). The FSBIA governs the assessment to be collected. To continue the assessment levy, State law requires that a public hearing be held on the proposed program and assessment.
The Assessment Report describes boundaries, proposed activities and budgetary information, as well as the method and basis for continuation of the assessment. The Assessment Report proposes no change in the basis and method of levying the assessment and no significant change in proposed activities. A copy of the Assessment Report describing proposed activities and allocations is attached.
At its October 18, 2011 meeting, the City Council approved Resolution number RES-11-0117, granting approval of the Assessment Report, declaring the intention of the City Council to levy the assessment, and set November 8, 2011 as the date of the public hearing. A hearing notice, including a copy of the Resolution, was published in local media.
State law further provides that the City Council shall hear and consider all protests against the assessment, program, boundaries of the area, and/or any benefit zone as proposed in the Assessment Report. The 2012 Assessment Report, transmitting the recommendations of the FSPBIA Advisory Commission, proposes the following assessment rates:
Business License Category ...
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