File #: CONS 18-388   
Section: Consent Status: Agenda Ready
Meeting Body: City Council
Agenda Date: 6/19/2018 Final action:
Subject: Downtown Business Improvement Area Annual Report and Proposed Budget for FY 2019
Attachments: 1. Attachment I Staff Report, 2. Attachment II Resolution, 3. Attachment III Annual Report and Proposed Budget 2019

DATE:      June 19, 2018

 

TO:           Mayor and City Council

 

FROM:     City Manager

 

SUBJECT                     

 

Title                      

Downtown Business Improvement Area Annual Report and Proposed Budget for FY 2019      

                     

End
RECOMMENDATION

Recommendation

 

That the City Council adopts a resolution accepting the Annual Report and declaring intention not to levy annual charges for the Downtown Hayward Business Improvement Area (DBIA) for Fiscal Year 2019.

 

End

SUMMARY

 

The collection of Downtown Business Improvement Area (DBIA) assessment fees was suspended while the City explored the establishment of a Community Benefit District (CBD). The result of suspension of fees is a projected fund balance by the end of FY 2019 of zero. The Council will need to decide regarding reestablishment of fee collection or disbanding the DBIA following the conclusion of balloting for the CBD in July.

 

ATTACHMENTS

Attachment I                                                               Staff Report

Attachment II                                                               Resolution

Attachment III                                          Annual Report and Proposed Budget