Metro - File #: 2015-0737

• File #: 2015-0737
• Type: Policy
• Status: Passed
• File created: 5/29/2015
• In control: Board of Directors - Regular Board Meeting
• On agenda: 7/23/2015
• Final action: 7/23/2015
• Title: CONSIDER: A. supporting the establishment of the proposed Central Avenue Historic Business Improvement District ("BID") in the City of Los Angeles and the resulting assessments on properties within the District boundaries owned by LACMTA; and B. authorizing the Chief Executive Officer or his delegate to sign any necessary petition and cast any subsequent ballots in support of the BID and property assessments.
• Sponsors: Finance, Budget and Audit Committee
• Indexes: Assessment District, Bids, Budgeting, Business districts, Business Improvement District, City of Los Angeles, Employee benefits, Guidelines, Maps, Owned Property (Project), Policy, Safety, Tenants, Value capture

Date	Action By	Action	Result
7/23/2015	Board of Directors - Regular Board Meeting
7/15/2015	Finance, Budget and Audit Committee

Meeting_Body
FINANCE, BUDGET & AUDIT COMMITTEE
JULY 15, 2015


Subject/Action
SUBJECT: CENTRAL AVENUE HISTORIC BUSINESS IMPROVEMENT DISTRICT
ACTION: AUTHORIZE PARTICIPATION IN THE CENTRAL AVENUE HISTORIC BUSINESS IMPROVEMENT DISTRICT

Heading
RECOMMENDATION

Title
CONSIDER:

A. supporting the establishment of the proposed Central Avenue Historic Business Improvement District ("BID") in the City of Los Angeles and the resulting assessments on properties within the District boundaries owned by LACMTA; and

B. authorizing the Chief Executive Officer or his delegate to sign any necessary petition and cast any subsequent ballots in support of the BID and property assessments.

Issue
ISSUE
The MTA Board adopted Guidelines on LACMTA Participation in Proposed Assessment Districts ("Guidelines") in June 1998 (See Attachment A). The Guidelines require staff to analyze each assessment district and/or improvement based on whether they improve MTA property or facility, benefit MTA employees, benefit Metro's passengers, or reduce costs for the agency. Staff is to provide the Board with an analysis, on a case by case basis, that determines whether MTA property benefits from the proposed services or improvements; and whether the benefit to the property exceeds the cost of the assessment. Based on the guidelines, the Board must determine whether or not to participate in the proposed district.
Discussion
POLICY IMPLICATIONS
Proposition 218, which was approved in November 1996, requires that all public property previously exempted from business improvement district assessments be assessed, unless the public agency can demonstrate that the property will receive no benefit.
DISCUSSION
The Central Avenue Historic BID is a property-based benefit assessment type district being established for a five (5) year term pursuant to the California Street and Highway Code (as amended). The BID is proposed to improve and convey special benefits to assessed...