HomeMy WebLinkAboutSR - Budget 4 Alessandro Alley BID FY 07-08CITY OF PALM DESERT
DEVELOPMENT SERVICES
STAFF REPORT
REQUEST: Approval of the Annual Budget for the Alessandro Alley Property
and Business Improvement District for Fiscal Year 2007/2008
SUBMITTED BY: Martin Alvarez, Redevelopment Manager
Stephen Aryan, Assistant to the City Manager
DATE: June 28, 2007
ATTACHMENTS: Resolution No. 07-47
Alessandro Alley Property and Business Improvement District
Management Plan Fiscal Year 2007/2008
District Map
Recommendation:
Waive further reading and adopt:
1. Resolution No. 07-47 approving the annual levy for the Alessandro Alley
Business Improvement District for Fiscal Year 2007/2008.
Executive Summary:
The Alessandro Alley Property and Business Improvement District was approved in July
1, 2006. The District was established to fund the maintenance of the proposed
Alessandro Alley improvements. The City's Redevelopment Agency is currently in the
process of completing the design and engineering for the improvements. Since the
improvements have not been completed, there will be no expenses incurred by the
District for Fiscal Year 2007/2008. The attached resolution allows the City Council to
approve the annual budget (no expenses) and postpones the collection of the annual
levy for Fiscal Year 2007/2008. Once the improvements are complete, the District will
continue to be assessed for the maintenance of the improvements.
Discussion:
The Alessandro Alley Business Improvement District was established in 2006 for a five-
year term and budget. The District is entering its second year of the five-year term. The
District includes properties located on the north side of Highway 111 between Las
Palmas and 300 feet east of Monterey Avenue. The alley improvements include the
addition of parking spaces, landscaping, lighting, and block walls along alley.
Alessandro Alley Budget FY 2007/2008
June 28, 2007
Page 2 of 2
The City's Redevelopment Agency is currently in the process of completing the design
and engineering for the improvements. Since the improvements have not been
completed, there will be no expenses incurred by the district for Fiscal Year 2007/2008.
Once the improvements are complete, the established district will pay for services such
as landscape maintenance, street sweeping, and parking lot lighting within the alley.
In June 2007, staff notified the property owners that the City Council would consider
suspending the annual levy for Fiscal Year 2007/2008, and that last year's levy
collected would be held in reserve for future years.
Staff recommends approval of the attached resolution, approving the annual budget (no
expenses) for the Alessandro Alley Property and Business Improvement District for
Fiscal Year 2007/2008.
Submitted B
Martin Alvarez
Redevelopment Manager
Departmen Head:
Homer Croy
ACM for De
Approval:
Carlos 1 Ort
City Manager
opment Services
Paul Gibson
Director of Finance
Step
Assi
ryan I
the City Ma ager
�ITY COUNCIL�ACTION:
APPROVED ��// . DENIED
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