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HomeMy WebLinkAboutAgenda Statement 1980/12/23 Item 6 COUNCIL AGENDA STATEMENT Item ' ,6 1()3 ~~ Meeting Date 12/23/80 Resolution - Approving ITEM TITLE: Proposed Budget and Achievement Report for the Downtown Improvement District SUBMITTED BY: Director of Finance (4/5ths Vote: Yes___ No~) City Ordinance No. 1885 requires an annual budget 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 1981 and an achievement report for calendar year 1980 (Exhibits A & 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 1981 budget and accept the 1980 report of achievements as submitted. BOARD AND COMMISSIONS RECOMMENDATION: N/A 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. The major accomplishments of the Town Centre Business and Professional Association in 1980, as indicated in the attached report, included four major promotions: April June September December Easter Promotion Fl,ag/Dad/Grad Days Country Western Festival Starlight Yule Parade In addition to advertising and promoting of special events in the District, they '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. A similar program of events is planned for 1981, with $9,000.00 targeted for , Christmas promotions and upgraded Christmas decorations. Additionally, sub- stantial portions of the budget are allocated,for a coordinator ($4,000.00) and the Country Western Festival ($2,000.00). The remaining $5,000.00 is slated for the other promotion events and administrative expenditures. Representatives from the Downtown Improvement District will be present to provide any additional information the City Council desires. I03CJ-t Form A-113 (Rev. 11/79) Agreement_____ Resolution EXHIBITS Ordinance Plat ----- ----- Notification List Other ENVIRONMENTAL DOCUMENT: Attached Submitted on ., ., Page 2, Item 6 Meeting Date 12-23-80. FINANCIAL IMPACT: Currently $14,662 is on hand to finance the proposed 1981 budget and special assessment receipts in 1981 are estimated at $23,000. GKG/GSH/bc ~~e~1 J) by the City C()~I,l:il of Chula Vista, Calii.:lrnia Dated 1:2-~3'?O IDs? Y