TITLE
Recommendation to adopt resolution approving the Annual Report for October 1, 2022 to September 30, 2023, for the Bixby Knolls Parking and Business Improvement Area, declaring its intention to levy the annual assessment, and setting the date of hearing for November 15, 2022. (Districts 7,8)
DISCUSSION
The Bixby Knolls Parking and Business Improvement Area (BKPBIA) was established by the City Council in 1989, allowing for the levy of an annual business license assessment to be paid by businesses located in the BKPBIA. The City of Long Beach (City) contracts with the Bixby Knolls Business Improvement Association (BKBIA) to manage the BKPBIA and the BKBIA Board of Directors serves as the Advisory Board to the City Council on matters related to the BKPBIA. The BKBIA promotes and markets the BKPBIA using funds generated through the BKPBIA business license assessment.
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 October 4, 2022, the BKPBIA Advisory Board voted to recommend to the City Council approval of the 2022-2023 BKPBIA Annual Report (Annual Report) (Exhibit A to the Resolution), which describes boundaries, proposed activities, and budgetary information, as well as the method and basis for continuation of the assessment. The Annual Report proposes no change to the BKPBIA boundaries. The Annual Report proposes a $205.75 increase in the base rate for businesses and a $55.45 increase for nonprofit organizations.
The Annual Report, transmitting the recommendations of the Advisory Board, proposes the following assessment rates.
Method of Assessment
The current annual base assessment for businesses is $314.25 and $204.55 for nonprofits. The BKBIA Advisory Board proposes an increase to the base assessment fee as there has not been a significant increase in seven years. The fee shall be comparable to other PBIAs and ...
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