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Whatis the Downtown BID? <br />• A type of special assessment for a specific area or district. <br />• Revenues can be used to improve and promote the <br />business district. <br />• Business owners within the district voted to establish the <br />BID (1984). <br />• Annual assessments are collected from each business. <br />• Over 500 businesses are assessed in the district. <br />• Two downtown business organizations manage the BID: <br />— Downtown Inc. <br />— Santa Ana Business Council <br />Public Hearing - Downtown BID <br />Slide 3 Community Development Agency <br />�"' - 12/7/21 <br />o� <br />