.010 The City Council may designate an Advisory Board that shall make recommendations to the City Council regarding the expenditure of revenues derived from the levy of assessments pursuant to this chapter, the classification of businesses, as applicable, and the method and basis of levying the assessments. The City shall enter into a contract with an organization (“Contracting Entity”) to provide for day-to-day management of any activities, services and advertising (not improvements) authorized to be funded with the assessments.
.020 The Advisory Board or Contracting Entity shall cause to be prepared a report for each City fiscal year, except the first year or portion thereof, for which assessments are to be levied and collected to pay the costs of the improvements and activities described in the report. The first report shall be due after the first year of operation of the district. The report may propose changes, including, but not limited to, the boundaries of the tourism improvement district or any benefit zones within the district, the basis and method of levying the assessments, any changes in the classification of property, including any categories of business, if a classification is used, the management plan, and the activities and improvements to be funded by the assessments.
.030 The report shall be filed with the clerk and shall refer to the tourism improvement district by name, specify the fiscal year to which the report applies, and shall contain all of the following information:
.031 Any proposed changes in the boundaries of the tourism improvement district, any benefit zones, classification of businesses, the basis and method of levying assessments, the management plan or the activities and improvements to be funded by the assessments.
.032 The improvements and activities to be provided for that fiscal year.
.033 An estimate of the cost of providing the improvements and the activities for that fiscal year.
.034 The method and basis of levying the assessment in sufficient detail to allow each business owner, as appropriate, to estimate the amount of the assessment to be levied against his or her business for that fiscal year.
.035 The amount of any surplus revenues to be carried over from a previous fiscal year.
.036 The amount of any contributions to be made from sources other than assessments levied pursuant to this chapter.
.040 The City Council may approve the report as filed by the Advisory Board or Contracting Entity or may modify any particular contained in the report and approve it as modified. Any modification whether proposed by the Advisory Board, the Contracting Entity or the City, shall be made subject to a public hearing with public notice consistent with Section 2.14.060 and subject to the protest provisions in Section 2.14.070. The City Council shall not approve a change in the basis and method of levying assessments that would impair an authorized or executed contract to be paid from the revenues derived from the levy of assessments, including any commitment to pay principal and interest on any bonds issued on behalf of the district. (Ord. 6174 § 1 (part); July 27, 2010.)