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File #: 1054-17    Version: A Name: Downtown BID Operating Plan 2018 (Res. 0382-17)
Type: Communication Status: Passed
File created: 10/27/2017 In control: Finance and Personnel Committee
On agenda: Final action: 11/21/2017
Title: Subject: Communication from Kelly Kruse, representing Business Improvement District No. 1, Downtown, for approval of its proposed 2018 Operating Plan. (Res. 0382-17) Recommendation of the Finance & Personnel Committee on 11.13.2017: The proposed 2018 Operating Plan for Business Improvement District No. 1, Downtown Racine, be approved and that the Finance Director be authorized to place special charges amounting to $192,000 on the 2017 property tax bills of the affected properties as delineated by the Business Improvement District. Fiscal Note: It is estimated $192,000.00 will be raised through bid assessments, $4,000.00 will be raised through Tree Sponsorship, $10,000.00 will be raised through uncategorized income to be placed into the Downtown Bid's revenue account.
Attachments: 1. Downtown BID Plan 2018, 2. Downtown BID 1 2018 Budget
Related files: Res.0382-17

Title

Subject: Communication from Kelly Kruse, representing Business Improvement District No. 1, Downtown, for approval of its proposed 2018 Operating Plan. (Res. 0382-17)

 

Recommendation of the Finance & Personnel Committee on 11.13.2017: The proposed 2018 Operating Plan for Business Improvement District No. 1, Downtown Racine, be approved and that the Finance Director be authorized to place special charges amounting to $192,000 on the 2017 property tax bills of the affected properties as delineated by the Business Improvement District.

 

Fiscal Note:  It is estimated $192,000.00 will be raised through bid assessments, $4,000.00 will be raised through Tree Sponsorship, $10,000.00 will be raised through uncategorized income to be placed into the Downtown Bid's revenue account.