Recommendation to receive supporting documentation into the record, conclude the public hearing, and adopt resolution continuing the Fourth Street Parking and Business Improvement Area assessment for the period of October 1, 2016 through September 30, 2017; and authorize City Manager to extend the agreement with the Fourth Street Business Improvement Association for a one-year term.  (District 2)
Motion carries. Thank you. We're now going to go to the first hearing. A report from Economic and Property Development. Recommendation to receive supporting documentation into the record. Conclude the public hearing and adopt resolution continuing the Fourth Street Parking and Business Improvement Area Assessment for the period of October 1st, 2016 through September 30th, 2017, and authorize the City Manager to extend the agreement with the Fourth Street Business Improvement Association for a one year term district to. Okay. Thank you. Turn this over to city staff. Mayor Garcia and members of the city council making the presentation will be Catherine McDermott, Interim Economic and Property Development Director, and Jim Fisk, Development Project Manager. Honorable Mayor and city council members. This item is the annual approval of the Fourth Street Parking and Business Improvement Area Annual Report and Ongoing Assessment on August 2nd, 2016. City Council approved a resolution granting approval of the annual report and set today's date for the public hearing. The recommended action on this item continues the assessment for another year. There are no proposed changes to the basis of assessment nor significant changes in proposed activity. Therefore, staff request the City Council receive the supporting documentation of record. Approve the resolution. Continue the levy of the assessment and authorize the city manager to extend the agreement for one additional year. That concludes my. Report. Thank you for the staff report. And before we open it up for public comment. Councilmember Pearce, would you like to speak to your motion? Absolutely. Mr. Forrest, thank you so much for all your work with them. I love seeing you at their bid meetings. I think Fourth Street has come such a long way in the last several years. They've done rebranding. We've got a new, amazing restaurants like The Hip that are really bringing a lot more folks to Fourth Street. And I'm talking a lot with the bid about what's the next phase. And so looking forward to the next year and trying to hopefully expand where we're at from Cherry over to Alamitos. We've got a lot of great businesses over there looking at some new ideas for revenue for them so that they can do bigger things, but just really excited about expanding this and look forward to new work in the next year. Thank you so much. Thank you, Councilwoman Gonzalez. Thank you. As any public comment on this hearing. Seeing none. Please cast your vote. And I'm a yes.