TITLE
Recommendation to approve the Uptown Property and Business Improvement District Annual Report and Assessment for the period of January 1, 2023, through December 31, 2023, automatically extending the current agreement with the Uptown Property and Community Association for a one-year period; and authorize payment of $27,263 in City property assessments from the General Fund Group.
(Districts 8,9)
DISCUSSION
The Uptown Property and Business Improvement District (UPBID) was established by the City Council in 2013 for an initial term of five years. The UPBID was renewed in 2018 for a term of ten years. The City of Long Beach (City) contracts with Uptown Property and Community Association (UPCA) to manage the UPBID and the UPCA Board of Directors serve as the Advisory Board to the City Council on matters related to the UPBID. UPCA utilizes the UPBID funding to provide enhanced maintenance, security, and marketing above and beyond the services provided by the City.
State law governing Property and Business Improvement Districts requires that an annual report be submitted to the City Council by the Advisory Board designated for this Assessment District. The UPBID 2022-2023 Annual Report (Annual Report) (Attachment A) describes the 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 UPBID boundaries, benefit zones, or the method of assessment.
The Annual Report, transmitting the recommendations of the Advisory Board, proposes the following assessment rates:
Method of Assessment
The UPBID assessment is computed based on three primary parcel characteristics: (1) land use type, (2) linear frontage, and (3) lot square footage. Each parcel’s special benefit points are calculated as follows:
Parcel’s Linear Factor + Parcel’s Lot Factor X Parcel’s Special Factor X Parcel’s Total Benefit Points
The original maximum rate per Special Benefit Point...
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