HomeMy WebLinkAboutPRESENTATION - 75A
75A Public HearingImprovement District (BID)Downtown Business 1 December 15, 2020Community Development AgencyDowntown BID-
75A BID Boundaries 2 December 15, 2020Community Development AgencyDowntown BID-
75A Santa Ana Business Council–Downtown Inc.–Two Downtown Business Organizations Manage BID:•Over 500 businesses assessed in the district•businesscollected from each are Annual assessments
•) BID (1984Business owners within the district voted to establish the •business districtRevenues can be used to improve and promote the •A type of special assessment for a specific
area or district•What is the Downtown BID?3 December 15, 2020Community Development AgencyDowntown BID-
75A If No Protests above 50%, Levy the Assessment•Conduct Public Hearing (Tonight)•$100,000 to SABC for promotion activities–$100,000 to DTI for promotion activities–Anticipated budget
of $200,000:•changes to BID assessment formulaNo •No changes to BID boundary•2021 Assessment Report reviewed•codeMust comply with State BID law and municipal •Council Approval Actions
4 December 15, 2020Community Development AgencyDowntown BID-
75A PlanDTI and SABC’s 2021 Budget Detailed –FormulaAssessment The –Boundary of the BID–Includes:•Assessment Report 5 December 15, 2020Community Development AgencyDowntown BID-
75A of the total6% No single business represents more than –assessment's percentage of total BID assessmentA business’ protest vote is weighted based upon their –be levied can assessment
2021 50% or more of the total proposed assessment, the are received from businesses paying o protests If n•writingReceive all protests to the annual assessment in •Actions:Public Hearing
(Tonight)6 December 15, 2020Community Development AgencyDowntown BID-