To: MAYOR AND CITY COUNCIL
From: GREG KAPOVICH, WATERFRONT AND ECONOMIC DEVELOPMENT DIRECTOR
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ADOPT BY TITLE ONLY ORDINANCE NO. 3284-24, AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF REDONDO BEACH, CALIFORNIA, AMENDING REDONDO BEACH ORDINANCE NO. 2922-03 TO INCREASE THE ASSESSMENT AMOUNT LEVIED AGAINST BUSINESSES WITHIN THE RIVIERA VILLAGE BUSINESS IMPROVEMENT DISTRICT, FOR SECOND READING AND ADOPTION
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EXECUTIVE SUMMARY
The Riviera Village Business Improvement District (RVBID) was established by the City Council in 2003. In accordance with State law pertaining to business improvement districts, each year City Council must set an assessment rate levied against businesses within the RVBID and appoint an advisory board to manage RVBID funds and implement improvements and programs. Historically, the City Council has appointed the Riviera Village Association (RVA) to manage the RVBID. The advisory board is required to deliver an annual report that identifies improvements and activities proposed by the RVBID for the upcoming calendar year (2025) and highlights the accomplishments for the current Calendar Year (2024).
The RVA recommends an increase to the fee assessment for Calendar Year 2025. The proposed increase represents the first increase to the fee assessment levied on participating businesses since 2005 and is intended to address increased operating expenses associated with inflationary pressures. The increased assessment is expected to raise annual revenue from $79,000 in 2024 to an estimated $106,000 in 2025.
On November 5, 2024, the City Council adopted resolutions to re-appoint the RVA as the BID Advisory Board for 2025 and direct the RVA to prepare a report for 2025. In addition, the proposed Ordinance to increase the assessment levy was approved for first reading and is now ready for formal adoption.
BACKGROUND
The RVBID was established by the City Council in 2003, pursuant to the California Parking and Business Impr...
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