55D - DOWNTOWN SA BUSINESS IMPROVEMENT DISTRICT 2005

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Downtown Santa Ana Business Improvement District 2005 Annual Report and 2006 Budget October 17, 2005 Page 2 the expenditure of revenues derived from the levy of assessments, on the classification of businesses, as applicable, and on the method and basis of levying the assessments (including the annual budget) . The 2005 Annual Report and proposed budget for 2006 (Exhibit 1) have been developed in collaboration between the Downtown Santa Ana Business Council, La Calle Cuatro de Santa Ana Association, and the Fiesta Market Place Promotions Committee (Associations). Based on the feedback from the Associations, the 2006 BID budget focuses on three key areas: (1) continued promotions and marketing of the BID; (2) maintenance services that equitably cover all the streets in the BID area; and (3) Implementation of the Capital Improvement Project for streetscape improvements along Fourth Street. The estimated contribution from the 2006 BID budget for items 1 and 2 is $212,000 and for item 3 is $352,500. The Downtown Santa Ana Business Council, La Calle Cuatro de Santa Ana Association, and the Fiesta Market Place Promotions Committee have all indicated support of the proposed 2006 budget. The 2005 Annual Report contains the basis and method of levying the assessment, an estimated cost of providing the improvements and activities and the amount of surplus revenue carried over. In order to comply with State law, the City Council must approve the annual report and budget as well as conduct a public hearing prior to levying the annual assessment. FISCAL IMPACT There is no fiscal impact associated with this action. We/#~ patricia C. Whitaker Executive Director Community Development Agency PCW/WRM/mlr H:\ACTIONS\2005 CC\DTSABID2005AnnRep&2006Bdgt - lO-17-05.doc 550-2