Title
Approval of the 2015 Parking & Business Improvement Area (PBIA) Budget
Recommended Action
Advisory Committee Recommendation:
PBIA board unanimously approves this budget.
City Manager Recommendation:
Move to approve recommended 2015 PBIA budget.
Report
Issue:
The PBIA board asks for City Council's approval of their 2015 budget.
Staff Contact:
Brian Wilson, Downtown Liaison, Community Planning & Development, 360-570-3798
Presenter(s):
Brian Wilson, Downtown Liaison, Community Planning & Development, 360-570-3798
Mary Corso, PBIA Chair, Owner of Courtyard Antiques & Studio 721
Background and Analysis:
The PBIA is a self-taxing business improvement district created by City Ordinance. It is comprised of over 425 downtown business owners. All businesses within the PBIA boundary pay an annual assessment based on their business type, location, and full-time employee equivalence. The annual budget of the PBIA is $110,000.
The PBIA board consists of 13 elected ratepayers and meets on a monthly basis. The board focused on increasing ratepayer participation in the 2015 budgeting process which included mailing newsletters with budget process information, hosting line-item brainstorming public meetings, and surveying the ratepayers (Attachment 2).
The board unanimously agreed on the proposed budget at their November 13, 2014 business meeting. The City Council has traditionally received an annual report from the PBIA Chair when considering the annual budget recommendation.
Neighborhood/Community Interests (if known):
PBIA funds pay for clean, safe and beautification projects in downtown Olympia. They also advertise and sponsor downtown events.
Options:
1. Approve 2015 PBIA budget as proposed
2. Refer the budget to the PBIA Board with direction
3. Revise the budget and approve it as revised
Financial Impact:
$110,000 from 2015 PBIA assessments