| To: |
Rachel Harlow-Schalk, City Manager, Mayor Collins, City Commissioners |
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| From: |
Sheila Danielson, Finance Director |
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| Subject: |
ROI to approve the workplan and budget for the Business Improvement District, and to levy an assessment up all property within the district for the Fiscal Year 2022 and to set a public hearing for June 28, 2021 |
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Present Situation:
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On January 13, 2020, the City Commission adopted a resolution creating the BID for a period of ten years pursuant to 7-12-1101, MCA. State law (7-12-1132, MCA) requires the BID to submit its budget and work plan to the City Commission for approval and to recommend a method of levying an assessment on the property within the district to defray the cost of the work plan and budget.
On May 17, 2021 the FY22 budget and work plan were presented to the Commission.
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Background Information:
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The BID is not requesting a change to the assessment methodology. The complete methodology is outlined in the attached Resolution of Intention and is in accordance with the prescribed methodologies allowed by state law (7-12-1133, MCA). The BID's proposal is that, after receiving public comment, the City Commission approve the work plan and budget, and levy an assessment to defray the cost thereof for Fiscal Year 2022 as submitted. The annual assessment approved by the City Commission will be placed on the calendar year 2021 tax bills of the properties within the District.
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Proposal/Objective:
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The BID is not requesting a change to the assessment methodology. The complete methodology is outlined in the attached Resolution of Intention and is in accordance with the prescribed methodologies allowed by state law (7-12-1133, MCA). The BID's proposal is that, after receiving public comment, the City Commission approve the work plan and budget, and levy an assessment to defray the cost thereof for Fiscal Year 2022 as submitted. The annual assessment approved by the City Commission will be placed on the calendar year 2021 tax bills of the properties within the District.
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Advantage:
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Approval of the resolution of intention allows for public input on the BID's work plan and budget. Commission approval of the budget and work plan will meet state law requirements.
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Notable Energy Impact:
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N/A |
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Notice of Public Hearing:
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Attached
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