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PH — 2016 BID Assessment <br />December 15, 2015 <br />Page 2 <br />subject resolution will confirm the 2016 Assessment report for the BID and levy the assessments <br />for 2016 (Exhibit 1). <br />The 2016 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 and remains unchanged. To ensure <br />full understanding of how the assessment formula is applied to each business, attached as <br />Exhibit 2 is a listing of all businesses which would be subject to the 2016 BID assessment <br />showing which charge would apply to each business. <br />13107_119 *el LO UA_1ki W_14'EelzIJ,14kik <br />Approval of this item allows the City to meet Goal #3 Economic Development, Objective 4 <br />(Continue to pursue objectives that shape downtown Santa Ana into a thriving, culturally diverse, <br />shopping, dining, and entertainment destination), Strategy F (Partner with downtown business <br />and merchant associations to program events that showcase restaurants, shopping and <br />entertainment venues). <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 />Kelly Reenders <br />Executive Director <br />Community Development Agency <br />VN /SG /sb <br />Exhibits: 1. Resolution <br />2. List of Businesses Subject to Assessment <br />75A -2 <br />