REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Eric G. Parra, Interim City Manager
VIA: Jennifer Villasenor, Director of Community Development
PREPARED BY: Christopher Kennedy, Economic Development Project Manager
Subject:
title
Public Hearing to Adopt Resolution No. 2024-42 for Annual Assessment Approval in the Huntington Beach Downtown Business Improvement District for Fiscal Year (FY) 2024-2025
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Statement of Issue:
On September 3, 2024, the City Council adopted Resolution No. 2024-41, declaring its intention to levy an annual assessment for the Huntington Beach Downtown Business Improvement District (District), and authorized the City Clerk to schedule a public hearing for October 1, 2024. Each business within the District is assessed an annual fee that the City collects and distributes for use towards additional services for the defined geographic area that are beyond the City's baseline services. The City Council is now requested to conduct the public hearing and consider adopting Resolution No. 2024-42 to approve the assessment for FY 2024-2025.
Financial Impact:
The District's FY 2024-2025 budget submitted by Downtown HB includes projected revenues of $910,625, with $117,000 expected from business assessments. The remainder comes from other sources. The City's FY 2024-25 Operating Budget, specifically the Huntington Beach Downtown Business Improvement District Fund (Fund 710), includes $125,000 in related revenue and matching expenditures.
Recommended Action:
recommendation
A) Conduct the Public Hearing; and,
B) If written protests of at least 50% or more of the total assessments are not received, adopt Resolution No. 2024-42, "A Resolution of the City Council of the City of Huntington Beach Approving an Annual Assessment within the Huntington Beach Downtown Business Improvement District for FY 2024-2025."
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Alternative Action(s):
The City Council may amend elements of th...
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