REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Al Zelinka, City Manager
VIA: Ursula Luna-Reynosa, Director of Community Development
PREPARED BY: Robert Ramirez, Economic Development Project Manager
Subject:
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Approve the Huntington Beach Downtown Business Improvement District's (HBDBID) Annual Report and Proposed Budget for Fiscal Year (FY) 2022-2023; Adopt Resolution No. 2022-44 declaring the City's intention to levy an annual assessment for FY 2022-2023 at a public hearing scheduled for October 4, 2022; and, Approve and authorize execution of an Agreement between the City and the Huntington Beach Downtown Business Improvement District to Act as the District Advisory Board
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Statement of Issue:
In September 2004, the City Council approved Ordinance No. 3661, establishing the Huntington Beach Downtown Business Improvement District ("District"). Each business within the district is assessed an annual fee that the City collects and then distributes to the District for use towards additional services for the downtown area beyond the City's baseline services. As part of its due diligence under the California Parking and Business Improvement Law of 1989, the District must prepare an annual report each fiscal year for City Council approval; the Council must also adopt a Resolution of Intention to levy an assessment for the next fiscal year at a scheduled public hearing.
Financial Impact:
The FY 2022-2023 District budget includes revenues of $822,796, of which $107,000 are projected to come from District assessments on businesses; expenditures are reimbursed based upon revenue collected.
In the Fiscal Year 2022-23 Operating Budget, the Huntington Beach Downtown Business Improvement District Fund (Fund 710) totals $106,000 in revenues and offsetting expenditures. It is recommended that an additional $1,000 in revenue be appropriated to maintain a balanced budget.
Recommended Action:
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