To: MAYOR AND CITY COUNCIL
From: GREG KAPOVICH, WATERFRONT & ECONOMIC DEVELOPMENT DIRECTOR
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DISCUSSION AND POSSIBLE ACTION REGARDING THE FORMATION OF BUSINESS IMPROVEMENT DISTRICTS
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EXECUTIVE SUMMARY
As part of the City of Redondo Beach Strategic Plan, City Council directed staff to explore options for the formation of Parking and/or Business Improvement Districts (BIDs). BIDs are formed through a public-private partnership between the City and the businesses in a particular area. They are geographically-defined areas where improvements in the forms of services, activities, and programs (including parking) are funded through special assessments. Pursuant to the State of California, the business owners must voluntarily opt-into the program before local government approval of a proposed BID can occur. Artesia Boulevard has historically been identified as an area that could benefit from the creation of a BID. To help develop a BID unique to the corridor, it is recommended that the City Council direct staff to perform outreach to gauge the interest level of businesses along Artesia, note the specific blocks/segments of the Blvd that receive positive response, and return to City Council at a future date to review the findings.
BACKGROUND
BIDs are geographically-defined areas where improvements in the forms of services, activities, and programs are funded through special assessments. The assessment charges and expenditures are focused on local beneficial uses and are equitably distributed through trusts managed at the municipal level. Through levied assessments, BIDs enable groups of business owners to pool their resources and contribute to the cost of services that they may not be able to afford by themselves.
The benefits of BIDs for the business community include advice, expertise, storefront improvement and beautification grants, shared parking facilities, as well as funding for placemaking elements such as light posts, signs, an...
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