Title
Approval of the Parking & Business Improvement Area Board 2017 Budget Request and Review of Five-Year Strategic Plan
Recommended Action
Committee Recommendation:
Not referred to a committee.
City Manager Recommendation:
Move to approve the Parking & Business Improvement Area Board’s (PBIA) proposed 2017 budget and review the Five-Year Strategic Plan
Report
Issue:
Whether to approve the PBIA’s proposed 2017 budget and review its Five-Year Strategic Plan
Staff Contact:
Mark Rentfrow, Downtown Liaison, Community Planning and Development, 360.570.3798
Presenter(s):
Mark Rentfrow, Downtown Liaison, Community Planning and Development
Mary Corso, Chair of the PBIA Board and owner of Courtyard Antiques and 721 Courtyard Studio
Background and Analysis:
The Parking & Business Improvement Area Board (PBIA) has developed its 2017 budget in line with its strategic goals and historic spending priorities outlined in the 2016-2020, Five-Year Strategic Plan
Neighborhood/Community Interests (if known):
The PBIA board represents more than 400 Downtown business interests
Options:
1. Approve the requested 2017 budget amount and Five-Year Strategic Plan
2. Modify requested budget amount or propose changes. Changes could take several weeks and could have a detrimental impact on 2017 board goals
3. Do not approve budget. An unfunded PBIA budget would cause great concern among ratepayers who pay into the fund and could lead to unforeseen consequences
Financial Impact:
The PBIA is requesting an annual operating budget of $110,000
Attachments:
PBIA Proposed 2017 budget
PBIA Current 2016 budget
PBIA Five-Year Strategic Plan