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