TITLE
Recommendation to adopt Resolution of Intention to establish the Midtown Business Improvement District; set the date of Tuesday,
August 11, 2015 at 5:00 p.m. for a Public Hearing; receive petitions; return the City’s Ballot; and designate the Administrative Board.
(Districts 4,6)
DISCUSSION
The State of California Property and Business Improvement District Law of 1994 (Section 33600 seq. of the California Streets and Highways Code), and Article XIIID of the California Constitution (Proposition 218), enables the City to create a property-based assessment district allowing property owners to voluntarily assess themselves for various services beyond those provided by the City, including public safety, beautification, marketing, and economic development programs.
Property owners of record along E. Anaheim Street, between Raymond Avenue and Alamitos Avenue, who will pay more than 50 percent of the proposed assessment, have submitted petitions to the City for the establishment of a business improvement district to be known as the Midtown Business Improvement District (MBID). The new Business Improvement District shall be comprised of property owners within the proposed boundaries, as described later in this report. The MBID Management District Plan (MDP) (attached to the Resolution as Exhibit “A”) includes the Engineers Report and details the boundaries of the MBID, the amount and method of assessment for each parcel, and the improvements and activities for which the assessment funds will be used.
If established, the MBID shall commence on January 1, 2016, for the initial period of January 1, 2016 through December 31, 2020, and the City Council will annually review and consider approving renewal of the levy, budgets and reports as submitted by the MBID.
The assessment methodology is projected to generate approximately $161,501 in revenue during the first year. Property owned by the City of Long Beach will be assessed $19,125; property owned by the Su...
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