Title
Public Hearing to Consider Adoption of Resolution Confirming the Park Street Business Improvement Area (BIA) Annual Assessment Report for Fiscal Year (FY) 2016-17 and Levying an Annual Assessment on the Park Street BIA. (Community Development 227)
Body
To: Honorable Mayor and Members of the City Council
From: Jill Keimach, City Manager
Re: Hold a Public Hearing and Adopt a Resolution Confirming the Park Street Business Improvement Area (BIA) Annual Assessment Report for FY 2016-17 and Levying an Annual Assessment on the Park Street BIA
BACKGROUND
In 1989, the City Council created Business Improvement Areas (BIAs) in the Park Street and Webster Street commercial areas. These BIAs were established in accordance with the Parking and Business Improvement Area Law of 1979 in the California Streets and Highways Code, and the City Council-established regulations for Business Improvement Areas (BIAs) in the Park Street and Webster Street commercial areas. This report is for the Park Street BIA, which is managed by the Downtown Alameda Business Association (DABA). Revenues from the BIA directly benefit business owners in specified geographic zones through the general promotion of business activities and public events, beautification and ambiance, construction and maintenance of parking facilities, and special projects benefitting that business area.
The BIA is funded from fees collected by the City from all businesses within the geographic zones. The Park Street BIA is divided into two areas, Area A and Area B. Businesses in Area A are closer in proximity to the retail core, and pay a slightly higher rate, than businesses in Area B. Other than an automatic annual San Francisco Area Consumer Price Index (CPI) increase, authorized by the original Ordinance 2435, the City has not increased assessments since inception of the BIA. This year's CPI increase of 3.2% raises the minimum retail business annual fee by $9.00, to $303.
On April...
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