2003-078 - Maintenance Thereby Reducing the Annual Bid Assessment by 50%

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B. Directs CRHC to immediately assume the obligation to prepare an Annual Report and recommend an annual budget to the City Council for approval in December 2003. C. Advises CRHC of its intent to reduce the function of the BID in 2004 to only provide security and maintenance and thereby reduce the annual BID assessment by 50 percent for all assesses for 2004. D. Establishes a Downtown Security and Maintenance Committee (DSMC) to recommend an annual budget to the Community Redevelopment and Housing Commission to be made up of an eight-member Committee to be elected by all assessed businesses, with two representatives from each of the four BiD sub-areas elected to two-year terms and that this Committee will be elected after this years budget is presented to Council. E. Authorize staff to prepare the 2004 BID budget to present to the CRHC in November 2003. F. Directs the Community Development Agency staff to provide technical assistance, similar to that rendered to Neighborhood Associations, to those groups wanting to organize their interests in the Downtown area and approved by the Executive Director. G. Directs the Executive Director the Community Development Agency or his designee as agent to take any and all actions necessary to carry out the intent of this resolution. Section 3. This Resolution shall take effect immediately upon its adoption by the City Council, and the Clerk of the Council shall attest to and certify the vote adopting this Resolution. Section 4. If this resolution or any provisions thereof are held to be invalid in whole or in part, the assessments shall be reimposed in an identical amount and upon the same businesses as a matter of law and no lapse in the levy of any assessment shall be deemed to have occurred. ADOPTED this 6th day of October, 2003. Resolution No. 2003-078 Page 2 of 3 Miguel A. Pulido Mayor