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Subject: Communication from the Director of City Development submitting a request from Business Improvement District No. 1, Downtown Racine, for approval of its proposed 2011 operating plan. (Res.10-2241)
Recommendation of the Finance & Personnel Committee on 10-25-10: Recommend that the 2011 operating plan for Downtown Business Improvement District No. 1, dated September 30, 2010, be approved, and the Finance Director be authorized and directed to place the special assessments listed in the plan on the property tax bills of the parcels within the District.
Fiscal Note: It is estimated $213,625.15 will be raised through B.I.D. assessments to be disbursed to the Downtown B.I.D.