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Public Meeting to Renew the Santa Ana Tourism Marketing District (SATMD) <br />June 3, 2025 <br />Page 6 <br />5 <br />0 <br />7 <br />5 <br />activities to be funded with the revenues from the assessments. <br />Proposed assessments may only be revised by reducing any or <br />all of them. <br />If the Council, following the public hearing, decides to renew the <br />SATMD, the Council shall adopt a resolution of formation. <br /> <br />FISCAL IMPACT <br />The City will receive a fee of two percent (2%) of the amount collected to cover its costs <br />of administration. Funds are received from Community Development Agency (CDA) <br />account 09601001-24054 and deposited in Finance Management Services Agency <br />(FMSA) account 01110002-57000. <br /> <br />EXHIBIT(S) <br />1. SATMD Management District Plan <br />2. City Council Request for Information Summary <br />Submitted By: Michael L. Garcia, Executive Director of Community Development <br /> Agency <br />Approved By: Alvaro Nuñez, City Manager