Laserfiche WebLink
BACKGROUND <br /> Chapter 3, Section 36530 of the Parking and Business Improvement Area Law of 1989 <br /> requires the City Council to do the following to levy the annual assessment for the PDA <br /> Business Improvement District: <br /> ✓ Appoint an advisory board to prepare the annual budget with a report <br /> describing the improvements and activities of the downtown improvement <br /> district and the related funding sources. The report will also outline any <br /> recommended changes to the boundaries of the district and/or the <br /> methodology of assessing each business. <br /> ✓ Accept the report and budget and set a public hearing to levy the <br /> assessments. <br /> ✓ Open and close the public hearing and adopt by resolution the assessments. <br /> DISCUSSION <br /> On October 16, 2012 the City Council appointed the members of the Advisory Board, <br /> The Advisory Board met and is recommending for acceptance the attached 2013 report <br /> and the proposed budget for the PDA assessments and other revenues for the 2013 <br /> calendar year. The attached report and budget contain the following required <br /> information: <br /> 1. Any proposed changes in the boundaries of the district. For 2013, there are no <br /> proposed boundary changes. <br /> 2. The improvements and activities to be funded during the calendar year. <br /> 3. An estimate of the cost of providing the improvements and activities. <br /> 4. The method of levying the assessment in sufficient detail to allow each business <br /> owner to estimate the amount to be levied against the business for the year. <br /> There are no proposed changes in the method of levying t:he assessment. <br /> Currently assessments are based on proximity to Main Street, with a <br /> minimum assessment of$50 and a maximum assessment of $350. <br /> 5. The amount of any surplus or deficit revenues carried over from a previous year. <br /> 6. Contributions to be made from sources other than the assessments levied. <br /> The PDA annual assessment revenue is budgeted at $65,500, which is an increase of <br /> 2.8% to the revenue generated in 2012. The assessment formula is based on the <br /> annual business license payment and is calculated as follows: <br /> • businesses located curbside and downstairs on Main Street are assessed at two <br /> times (2X) their business license; <br /> • businesses with a Main Street address located upstairs, or not curbside, are <br /> assessed at a rate of one and a half times (1'1/2X) their business license; <br /> Page 2 of 3 <br />