Recommendation to adopt resolution approving the Annual Report for October 1, 2016 to September 30, 2017, for the Bixby Knolls Parking and Business Improvement Area, declaring its intention to levy the annual assessment, and setting the date of hearing for Tuesday, October 18, 2016 at 5:00 p.m.  (Districts 7,8)
Motion carries. Item seven. Economic Report from Economic and Property Development Recommendation to adopt resolution approving the annual report for the Bixby Knolls Parking and Business Improvement Area, declaring its intention to levy the annual assessment and setting the date of hearing for Tuesday, October 18, 2016. District seven and eight. Councilman Austin. Move approval and look forward to the hearing on October 18. And Mr. Mayor, staff would like to make a clarification of something that's in the report. Sure. Fisk. Honorable Mayor and City Council Members. This item is the annual approval that BHP Knowles Parking Business Improvement Area Assessment and Annual Report. Council Action Tonight will continue the assessment for another year. There are no proposed significant changes to the activities and no changes to the existing boundaries. The revised assessment formula reflects the board approved increase to include a CPI adjustment as well as $20 added to each assessment. Therefore, staff request that Council receive the supporting documentation in the record, approve the resolution and set the hearing date for October 18, 2018. That concludes my report and I'm available for questions. Okay. Any public comment on the item saying that? Please cast your votes.