REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Dave Kiff, Interim City Manager
PREPARED BY: Kellee Fritzal, Deputy Director of Economic Development
Subject:
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Public Hearing to consider adoption of Resolution 2019-69 approving an Annual Assessment within the Huntington Beach Downtown Business Improvement District (DTBID) for Fiscal Year 2019-2020; and authorize appropriation of funds
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Statement of Issue:
On August 19, 2019, the City Council adopted Resolution 2019-54, declaring its intention to levy an assessment for the Huntington Beach Downtown Business Improvement District (DTBID) and authorize the City Clerk to schedule a public hearing for September 16, 2019. The City Council is requested to conduct a public hearing and consider adopting Resolution 2019-69 to approve the annual assessment for 2019-2020. The modifications would increase the assessment for businesses within Zone 1 and some businesses in Zone 2 by up to 17%.
Financial Impact:
The 2019-2020 Huntington Beach Downtown Business Improvement District Budget includes revenues and expenses of $708,000. The City's FY 2019/20 Adopted Budget (Fund 710), revenues and expenditures, total $91,000. The assessment modification yields an additional $29,000 that is derived from DTBID Member Assessments for a total amount of $120,000.
Recommended Action:
recommendation
A) Conduct the Public Hearing; and,
B) If protests of 50% are not received, adopt Resolution No. 2019-69, "A Resolution of the City Council of Huntington Beach Approving an Annual Assessment Within the Huntington Beach Downtown Business Improvement District for Fiscal Year 2019-2020" and,
C) Appropriate an additional $29,000 for a total of $120,000 into Fund 710 for FY 2019-20.
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Alternative Action(s):
Modify elements of the Annual Report, such as the proposed assessments, activities and/or improvements to be funded, district boundaries, categories of assessm...
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