12A - INTENT TO HOLD PH - BID ASSESSMENT

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2013 BID Intent to Levy June 17, 2013 Page 4 It is important to note that the July 1 public hearing is to determine whether or not to levy the BID assessment for calendar year 2013. The BID charge would be incorporated into the 2013 business license tax bill. The deadline for 2013 business license tax payment for the largest tax group in the Downtown was extended by the City Council to September 30, 2013 to allow for the consideration of the BID levy. Should the City Council approve the BID levy, the timing of consideration for the 2014 BID assessment would occur in Fall 2013 to allow the levy to be incorporated into the business license bills and proceed on normal billing cycles. FISCAL IMPACT If the recommended action item is approved, there is no direct fiscal impact on the City. The City serves as a pass through for BID revenue in accordance with the Assessment Report and any approved operating agreements. If the recommended action is not approved and the BID is not reactivated by August 1, DTI can enforce the Settlement and Release Agreement and require that the City establish the $189,000 "credit bank" for Downtown Inc. in accordance with the Settlement Agreement. Sandra D` ottlieb % Acting Executive Director Community Development Agency SDG/LAO/MM/kg Exhibit: 1. Downtown BID Boundary Map 2. Assessment Report 3. Resolution 12A-4