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HomeMy WebLinkAboutPRESENTATION - #35CIT liAl-L \\ Lk Downtown Business Improvement District (1311 Public Hearing jy� CrJebrwling BID Boundaries o� Sew `II/r/Gti9 Gkb�uhns l` Ycu uRRary COUNTY COURTHOUSE y FIE: E: I [-I O ' SANTA ANA BLVD. ■ THIRD ST. T N 3 0 FIRST S T. 0 ICIVIC CENTER DR. EIGHTH ST. J ENGINEERING LLLJJJ FINANCE F x V Z COUNTY HALL OF H ADMINISTRATION y d SANTA ANA BLVD. � O /,/' =0 Q FIFTH ST. [Ii�r [:1 FOURTH ST. F-1 I F SECOND S T. o O 0 ¢L:1 1:1 L z x Santa Ana Business Improvement District BID Boundaries Public Hearing - Downtown BID Slide 2 Community Development Agency 12/7/21 Whatis the Downtown BID? • A type of special assessment for a specific area or district. • Revenues can be used to improve and promote the business district. • Business owners within the district voted to establish the BID (1984). • Annual assessments are collected from each business. • Over 500 businesses are assessed in the district. • Two downtown business organizations manage the BID: — Downtown Inc. — Santa Ana Business Council Public Hearing - Downtown BID Slide 3 Community Development Agency �"' - 12/7/21 o� Recommended Actions • Must comply with State BID law and municipal code • 2022 Assessment Report reviewed: ■ No changes to BID boundary ■ No changes to BID assessment formula ■ Anticipated budget of $200,000: o $100,000 to DTI for promotion activities o $100,000 to SABC for promotion activities • Conduct public hearing (tonight) • If no protests above 50 percent, levy the assessment Public Hearing - Downtown BID Community Development Agency Slide 4 - 12/7/21 o Assessment Report • Includes: —Boundary of the BID —The Assessment Formula — Detailed DTI and SABC's 2022 Budget Plan Public Hearing - Downtown BID Slide 5 Community Development Agency - 12/7/21 o Public Hearing (Tonight) Actions: • Receive all protests to the annual assessment in writing. • If no protests are received from businesses paying 50 or more of the total proposed assessment, the 2022 assessment can be levied. — A business' protest vote is weighted based upon their assessment's percentage of total BID assessment — No single business represents more than 6% of the total Public Hearing - Downtown BID _ Community Development Agency - 12/7/21 o