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75A - PH - 2014 BID ASSESMENT
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75A - PH - 2014 BID ASSESMENT
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Last modified
1/2/2014 2:02:38 PM
Creation date
1/2/2014 1:13:12 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
75A
Date
1/7/2014
Destruction Year
2019
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PH — 2014 BID Assessment <br />January 7, 2014 <br />Page 2 <br />subject resolution will confirm the 2014 Assessment report for the BID and levy the assessments <br />for 2014. <br />The 2014 Assessment Report includes a description of the BID assessment formula, where <br />certain business classifications are charged 25 %, 100% or 150% of their business license fee as <br />their BID assessment. This formula was established in 1984. To ensure full understanding of <br />how the assessment formula is applied to each business, attached as Exhibit 2 is a listing of all <br />businesses which would be subject to the 2014 BID assessment showing which charge would <br />apply to each business. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. The City only serves as a pass through for <br />BID revenue in accordance with the Assessment Report and any approved operating <br />agreements. <br />Nancy Fong IC <br />P <br />Interim Exe tive Director <br />Community evelopment Agency <br />NF /MM /kg <br />Exhibit: 1. Resolution <br />2. List of Businesses Subject to Assessment <br />75A -2 <br />
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