BURBANK REDEVELOPMENT AGENCY
Tuesday, July 22, 2003
AGENDA
CITY COUNCIL CHAMBER - 275 EAST OLIVE AVENUE
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6:30 P.M.
INVOCATION: Reverend Roby Correa, Magnolia Park United Methodist Church.
The Courts have concluded that sectarian prayer as part of City Council meetings is not
permitted under the Constitution.
FLAG SALUTE:
ROLL CALL:
JOINT PUBLIC HEARING WITH THE CITY COUNCIL:
1. Property-Based Business Improvement District (PBID) � Downtown Burbank:
The purpose of this agenda item is for the City of Burbank to continue procedures and finalize proceedings on the proposed Property-Based Business Improvement District (PBID), and authorize the opening of ballots. If, upon the conclusion of the hearing, the submitted ballots, which shall be weighted according to the proportional financial obligation of the affected property, in favor of the assessment exceed the ballots submitted in opposition, then the Council can adopt the resolution establishing the PBID and levying the first assessment. The City shall not impose an assessment if there is a majority protest. A majority protest exists if, upon the conclusion of the hearing, ballots submitted in opposition to the assessment exceed the ballots submitted in favor of the assessment. The purpose of the PBID is to provide special services and improvements to enhance and revitalize Downtown Burbank.
On June 3, 2003, the Council considered initiation of the proposed PBID after receiving a petition representing over 50 percent of the property owners (weighted by the proposed assessment) in support of the proposed PBID. At that time, the Council authorized the distribution of ballots to the property owners who would be subject to the assessment. This action was the result of several months of developing a Management District Plan (Plan) in conjunction with various stakeholders in the Downtown, including property and business owners, the Stakeholder�s Association, and a PBID Steering Committee.
The Plan outlines major components of the PBID including: the proposed boundaries; service plan and budget; the proposed assessment formula; and, the proposed governance of the organization. The Plan proposes a number of capital improvements as well as service programs such as maintenance, promotions and administration. The Plan also proposes a five-year budget, which is the maximum length that a PBID may be established, before reestablishment. The following summarizes the budget on an annual basis:
CAPITAL IMPROVEMENTS
Smart Parking $ 60,000
Wayfinding $ 60,000
Street/Paseo Upgrades & Holiday Decorations $120,000
MAINTENANCE/SECURITY $110,000
PROMOTIONS, ADVERTISING, EVENTS, ETC. $250,000
ADMINISTRATION and ADVOCACY $ 95,000
CONTINGENCY RESERVE $ 35,000
TOTAL ANNUAL BUDGET $730,000
The proposed assessment is $.16 per square foot of land per year, and $2 per linear front footage along San Fernando Boulevard south of Magnolia Boulevard. For example, an owner with a 10,000 square foot parcel and 50 feet of front footage on San Fernando Boulevard would pay $1,600 (land), and $100 front footage, for a total of $1,700 per year.
The City, Redevelopment Agency (Agency) and other government jurisdictions will be assessed at the same $.16 formula. However, it is recommended that the Agency fund the assessment costs for both the City and the Burbank Unified School District. The City�s annual assessment is estimated to be $81,100, and the School District�s assessment is approximately $6,700 per year. With the Agency�s assessment of $35,200, the total annual cost to the Agency would therefore be approximately $123,000.
If the Council approves the formation of the PBID, it is recommended that staff be directed to solicit applications for the proposed PBID Board of Directors. Once sufficient applications are received, staff will return to the Council for the selection of the Board.
Recommendation:
1. Adoption of proposed City Council resolutions entitled:
A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK ESTABLISHING THE DOWNTOWN BURBANK PROPERTY AND BUSINESS IMPROVEMENT DISTRICT, APPROVING THE ASSESSMENT FORMULA AND LEVYING THE ASSESSMENT FOR FISCAL YEAR 2003-04.
A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK APPROVING A COOPERATION AGREEMENT BETWEEN THE CITY OF BURBANK AND THE REDEVELOPMENT AGENCY OF THE CITY OF BURBANK.
2. Adoption of proposed Redevelopment Agency resolution entitled:
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF BURBANK APPROVING A COOPERATION AGREEMENT BETWEEN THE AGENCY AND THE CITY OF BURBANK AND A COOPERATION AGREEMENT BETWEEN THE AGENCY AND BURBANK UNIFIED SCHOOL DISTRICT.
CONSENT CALENDAR: (Item 2)
The following item may be enacted by one motion. There will be no separate discussion on this item unless a Commissioner so requests, in which event the item will be removed from the consent calendar and considered in its normal sequence on the agenda. A roll call vote is required for the consent calendar.
Approval of minutes for the regular meeting of May 13, 2003.
Recommendation:
Approve as submitted.
END OF CONSENT CALENDAR
RECESS to conclude the City Council meeting.
ADJOURNMENT.