TITLE
Recommendation to adopt resolution approving the Annual Assessment Report for October 1, 2008 to September 30, 2009 for the Long Beach Tourism Improvement Area, declaring its intention to levy the annual assessment and setting the date of hearing for Tuesday, September 16, 2008 at 5:00 p.m. (Districts 1,2,4,5)
DISCUSSION
The Long Beach Area Convention and Visitor Bureau (LBCVB) promotes and markets the City of Long Beach as a tourism destination using funds generated through the assessment of hotel properties located in the Long Beach Tourism Business Improvement Area (LBTBIA). State law governing Parking and Business Improvement Areas require the submission of an annual assessment report by the Advisory Commission designated for this Assessment District.
On August 4, 2008, the LBCVB Board submitted the approved Fiscal Year 2009 LBTBIA Assessment Report (Attachment A) for City Council approval. 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 no change in the basis and method of levying the assessment and no significant change in proposed activities.
The recommended Resolution of Intention grants approval of the Assessment Report, declares the intention of the City Council to levy the assessment for proposed activities, and sets the date of the public hearing for September 16, 2008.
This letter was reviewed by Assistant City Attorney Heather Mahood on July 17, 2008, Budget Management Officer Victoria Bell on August 4, 2008 and the City Treasurer's Office on July 24, 2008.
TIMING CONSIDERATIONS
City Council action is requested on August 19, 2008 to set the date for the public hearing for September 16, 2008. The new contract year begins on October 1, 2008.
FISCAL IMPACT
It is estimated that the LBTBIA will generate $3,650,000 in Fiscal Year 2009 (FY 09) through the proposed continuation of the assessment. Short-term roo...
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