HomeMy WebLinkAboutSR - President's Plaza III & BID FY 07-08CITY OF PALM DESERT
DEVELOPMENT SERVICES
STAFF REPORT
REQUEST: Approval of the Presidents' Plaza III Business Improvement District
Annual Budget 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. 07-45
Resolution No. 07-46
Presidents' Plaza III Property and Business Improvement District
Management Plan Fiscal Year 2007/2008
District Map
Recommendation:
Waive further reading and adopt:
1. Resolution No. 07-45 , approving the Presidents' Plaza III Business
Improvement District Annual Budget for Fiscal Year 2007/2008.
2. Resolution No. 07-4f ordering the levy and collection of assessments for
Fiscal Year 2007/2008.
Executive Summary:
The attached resolutions will allow the City Council to approve the annual budget for the
Presidents Plaza III Property and Business Improvement District. Approval of the
attached resolutions will also allow the City of Palm Desert to levy and collect the
annual assessments for Fiscal Year 2007/2008.
Discussion:
The Presidents' Plaza III Business Improvement District was re-established in 2006 for
a 5-year term and budget. The District is entering its second year of the five-year term.
The District includes properties located on the south side of Highway 111 and on the
north side of El Paseo, between Highway 74 and Sage Lane.
The City collects annual assessments to pay for services such as landscape
maintenance, street sweeping, and parking lot lighting within the common parking lot
areas. Each fiscal year the City Council reviews and approves a budget based on the
Advisory Board's recommendation.
President's Plaza III Budget FY 2007/2008
June 28, 2007
Page 2 of 2
The Presidents' Plaza III Advisory Board was sent the preliminary budget in May for
their review. The Board indicated their acceptance of the budget as noted in the
attached correspondence. The only modification to the budget is the allowed three
percent cost of living adjustment. The attached resolutions will approve next fiscal
year's budget and allow the City to levy and collect the annual assessments for Fiscal
Year 2007/2008. Staff recommends approval of the attached resolutions.
Submitted By:
Redevelopment Manager
Department ead:
Homer Croy
ACM for Develo
Approval:
Carlos . Ort
City Manager
h‘14,,
aul Gibson
Director of Finance
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Sphkfi Y. Aryan
Assistant to the Cii Manager
;;ITY COUNCIL ACTION:
APPROVED ✓ DENIED
RE EIVED OTHER -1
KOS Ans. n7-46 and 07- Lhe
MEETING DAT _ ( . K•,c77
AYES: f'imr{ &i' l a/not Kew
NOES :.AlmP_
ABSENT:
ABSTAIN: one
VERIFIED BY: ,f)( /VY)G"n
)riginal on File with City Clerk's Office