HomeMy WebLinkAboutAgenda Statement 1985/12/10 Item 11 COUNCIL AGENDA STATEMENT
Item 11
Meeting Date 12/10/85
ITEM TITLE: Resolution .2 Approving Proposed Budget and
Achievement Report for the Downtown Improvement District
SUBMITTED BY: Director of Finance (4/5ths Vote: Yes No x )
REVIEWED BY: City Manager
City Ordinance No. 1885 requires an annual report for the Downtown Improvement
District to be submitted to the City Council for approval . In addition, it
states that the City Council shall conduct an annual review of "the management
activities and achievements of the downtown improvement area and may hold a
public hearing to take testimony on such matters so as to ascertain the
desirability and necessity of continuing the downtown improvement area. "
The proposed budget for calendar year 1986 and an achievement report for
calendar year 1985 (Exhibit A and B, respectively) have been prepared by the
Town Centre Business and Professional Association. Having reviewed both
documents, it is my
RECOMMENDATION: That the City Council approve the proposed 1986 budget and
accept the 1985 report of achievements as submitted.
BOARDS/COMMISSIONS RECOMMENDATION: Not applicable.
DISCUSSION:
The Downtown Improvement District was formed to promote business activity and
to aid in efforts to make the area more attractive. The District' s promotion
efforts are funded by a special assessment applied to each business or
profession in the District.
In 1985, four major promotions were carried out by the Town Centre Business
and Professional Association:
1 . Arts and Crafts Fair.
2. The Country and Salsa Festival .
3. Chula Vista Founder' s Day and Oktoberfest events were coordinated
with the Fiesta de la Luna.
4. The Annual Starlight Yule Parade.
In addition to advertising and promoting of special events in the District,
the Association kept District members informed of proposed City projects with
a monthly newsletter and employed an individual to provide coordination and
technical support of their efforts.
Page 2, Item 11
Meeting Date 12/10/85
The proposed budget for 1986 is $30,050 and the largest expenditures planned
for 1986 are shown below:
1 . Advertising $3,000
2. Country Festival 3,500
3. Founder's Day 4,500
4. Downtown Coordinator (salary) 9,600
5. Christmas Parade 3,500
The remaining $5,950 is budgeted for the other promotional events, insurance,
attendance at California Downtown Association Seminars, and administrative
costs. A representative from the Town Centre Business and Professional
Association will be present to provide any additional information the City
Council requests.
FISCAL IMPACT: Approximately $9,400 is currently on hand to finance the
proposed 1986 budget. In addition $21 ,000 in special assessment receipts are
estimated for 1986. No cash flow problem is anticipated since 80% of the
total receipts usually come in during the first quarter of the calendar year.
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