Legislation Details

File #: HIST-1347    Version: 1 Subject:
Type: Historical Status: Action Item
In control: City Council Meeting Agenda
On agenda: 11/14/2005 Final action: 11/14/2005
Title: Consideration of the Downtown Culver City Business Improvement District Advisory Committee's Annual Work Program and Budget.
Attachments: 1. Pages from GS 111405 sire-A2.pdf, 2. A2.pdf
City of Culver City, California City Council Agenda Item Report Meeting Date: 11/14/05 Item Number: A-2 AGENDA ITEM: Consideration of the Downtown Culver City Business Improvement District Advisory Committee’s Annual Work Program and Budget for the Continuation of the Downtown Business Improvement District. Contact Person/Dept.: Alicia Weintraub Phone Number: (310) 253-5778 Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [] Public Hearing: [] Action Item: [X] Attachments: [X] Public Notification: Businesses located in the Downtown Business Improvement District were mailed notice of tonight’s meeting and a copy of the annual Work Program and Budget on October 18, 2005; a notice was published in the Culver City News on October 29 th , November 4th and November 11th and the Master Notification List received notice on November 10, 2005. Department Approval: Susan Evans 10/24/05 CAO Approval: Jerry Fulwood 11/9/05 City Controller Approval: N/A RECOMMENDATION: That the Culver City City Council (the “Council”) approve the Downtown Culver City Business Improvement District (“BID”) Advisory Committee’s annual Work Program and Budget for 2006 (the “Report”), and adopt a Resolution of Intention to conduct a Public Hearing on December 12, 2005 for the continuation of the Culver City Downtown BID. BACKGROUND: A BID provides a mechanism for businesses to levy assessments on themselves for the promotion of business activities and public events; decoration of public places; and the acquisition, construction, installation or maintenance of specific improvements. The BID allows Downtown businesses to be more self reliant, which reduces their dependency on the City of Culver City (the “City”) and Culver City Redevelopment Agency (the “Agency”). The BID Work Program is managed by the Downtown Business Association (the “DBA”) in accordance with a Management Agreement between the DBA and the City. The Management Agreement requires the DBA to maintain tax-exempt status with the Internal Revenue Service, maintain one million dollars of General Liability insurance, and submit quarterly reports and budget updates to the Community Development Director describing progress toward completing their 39 City of Culver City, California City Council Agenda Item Report 40 approved work program. The DBA’s Tax documents, insurance and quarterly reports are attached for your information (Attachment Nos. 4, 5, 6 and 7). In accordance with the legal process for renewing a BID, the Council is first required to review and approve the BID Advisory Committee’s Report during a public hearing. The Report describes any proposed changes in the BID boundaries, a description of activities to be undertaken (a work program), an estimate of the cost to provide the activities (a budget), the assessment formula, the amount of surplus/deficit to be carried over from the previous year, and the amount of other expected BID contributions. The City Council may modify any particular element contained in the report and approve it as modified. At the conclusion of the Public Hearing, the Council must adopt a Resolution of Intention (Attachment No. 1) to conduct a Public Hearing if the BID is to be continued for 2006. Upon completion of the Public Hearing, which has been tentatively scheduled for December 12, 2005, the Council must approve a final resolution to formally continue the BID. The public will be notified of the public hearing in accordance with State law. The BID was formed in September 1998, when the Council adopted Ordinance No. 98-011, in accordance with the Parking and Business Improvement Area Law of 1989 (the “Law”). The BID was amended in December 2000, when the Council rescinded Ordinance No. 98-011 and adopted Ordinance No. 2000-027. The new ordinance revised the BID assessment formula to increase the amount of the assessment and revised the BID Management Agreement to clarify ambiguous language in an attempt to streamline the administrative process. DISCUSSION: The following section describes BID accomplishments and delinquencies in 2005, and proposed BID activities and the BID assessment in 2006. BID Accomplishments in 2005 In 2005, the DBA used their assessments to fund the following: City of Culver City, California City Council Agenda Item Report 41 2005 ACCOMPLISHMENTS MARKETING/EVENTS • Production of second annual Culver City Car Show in partnership with The Exchange Club. (Earnings to DBA of $7,000 to support administrative costs in 2006). • Continuing expansion of Website with additional features including “Downtown Lowdown” email newsletter, expanded Calendar and personalized feature boxes with photos on Downtown businesses. • Implementation of discount Culver Card for all participating Downtown businesses. • Assumption of Downtown map reprinting and distribution. • Sponsorship of Summer Sunset Music Festival and promotional table at each concert. • Information booth at Chamber Expo. • Sponsorship of Fiesta La Ballona. • Continuation of annual Holiday Lights event with 25 foot tree in Town Plaza. • Continuation of on-screen Pacific Theatre slides promoting Downtown experience and free parking. • Distribution of promotional materials at other public events including: Lion Fountain Town Plaza unveiling, Pan-African Film Festival, Share Our Strength Food event and Westchester/Culver City Orchestra. DESIGN/IMPROVEMENTS • Replacement of Culver Boulevard decorative tree lights in response to sunsetting of previous Agency contract. • Replacement and Refurbishment of all Holiday street ornaments. • Input with Public Art Coordinator on Harry Culver sculpture, upgrading and completion of Zoetrope installations. • Continued consultation with Sanitation Division on completion of trash compactors and proper usage guidelines in English and Spanish. • Meetings with Agency on implementation of Outdoor Directory project and initiation of graphic, fabrication and lighting design. ADMINISTRATION • Rental of office and purchase of office equipment for greater staff efficiency and Downtown physical presence. • Supplemental payment to Executive Director in addition to Agency grant and total payment assumed upon sunset of grant funding. • Retained Urban Place Consulting services for research and feasibility study for possible Property Business Improvement District (PBID) creation to replace current BID and increase services to District through increased funding. City of Culver City, California City Council Agenda Item Report 42 BID Delinquencies in 2005 During 2005, there were approximately 138 businesses subject to the BID assessment. Of these, the assessment was collected by the City Treasurer’s Office from approximately 89 percent of the businesses. The total amount collected was approximately $79,230. The remaining 15 businesses are delinquent. If payment is not received after a final notice, a claim will be forwarded to the City Attorney’s Office and will be sent to small claims court. BID Activities in 2006 In October the BID Advisory Committee filed the proposed 2006 Work Program and Budget (Attachment No. 6) with the City Clerk. The Advisory Board proposes the following activities within their Work Program for 2006: MARKETING/PROMOTION • Continuation of the Culver Card, a discount program available to Downtown Culver City retail, restaurant and service customers to promote all participating businesses. Continuing to provide counter-top displays for ground floor businesses to provide the card, as well as the new Downtown map. • Continue sponsorship of City’s Summer Sunset Music Festival and other appropriate events. • Continuation of Pacific Theatre’s On-Screen slide program promoting the Downtown experience and reminding patrons of locations of free parking. • Continue to create new methods to increase visibly and positively brand and promote Downtown businesses and community activities in all media. • Continue to create additional cooperative marketing partnerships with both established and new Downtown business as opportunities arise. • Increase community activities in District that serve the needs of and provide entertainment to Culver City residents while promoting and benefiting Downtown businesses. In addition to annual Holiday Lighting Event, utilization of Town Plaza for as many activities possible. • Producing the Third Annual George Barris Culver City Custom Car Show in collaboration with the Exchange Club of Culver City. • Assistance in proactive recruitment of desirable tenant businesses for our City of Culver City, California City Council Agenda Item Report 43 Downtown property owners. DESIGN/IMPROVEMENTS • Outdoor directory program: In partnership with the Redevelopment Agency, designing, purchasing and installing informational directories for pedestrians in key areas of the Downtown district. Establish ongoing maintenance program and annual updating of information in directories. • Replacement of Culver Boulevard decorative tree lights in response to sunsetting of previous Agency contract. • Continuing maintenance of previously purchased Holiday ornaments. • Continuing to provide Holiday tree, lighting elements and garlands to annual lighting event in Town Plaza. • Consultation and cooperation with Public Art Coordinator on Zoetrope upgrade program, Harry Culver sculpture project and other public art projects in the Downtown area. • Coordination between City Sanitation Division and businesses on use and maintenance of new trash compactors. • Encourage business and property owners to continue to improve facades. • More proactive communication with City on violations of existing codes in relation to aesthetics and safety of facades and streetscape. ADMINISTRATION • Continue upgrading of website with greater service, information and linkage provided. • Maintain office space for use of Executive Director, building of volunteer work force and increased visibility of DBA. • Continue consultation with Urban Place Consultants regarding feasibility of establishment of PBID to replace current BID and to provide greater services to Downtown District through increased funding. COMMUNITY OUTREACH City of Culver City, California City Council Agenda Item Report 44 • Coordinate between Culver City Regional Occupational Program and new businesses to facilitate hiring of Culver City youth. • Continue to identify charitable opportunities tied to Downtown event programming to benefit local non-profit organizations. The Downtown Business Advisory Committee adopted this report on Monday October 17, 2005 in a publicly noticed meeting. During this meeting staff had the opportunity to ask questions and discuss how the various activities could be implemented and funded without duplicating either the City/Agency or DBA’s efforts. BID Assessment in 2006 The proposed activities will primarily be funded through the assessment, which applies to Downtown businesses as follows: Business Type (assessment per business) 2006 Assessment TYPE A Retail (0-25,000 sq.ft.) $ 300 Hotel $ 500 Restaurant (0-300 seats) $ 500 Restaurant (> 300 seats) $1,000 Computer Graphics and Services $ 300 Martial Art Studios, Health Studios, Hair Salons (0-25,000 sq.ft.) $ 300 TYPE B Theaters $1 per seat TYPE C All others not listed $ 100 TYPE D Financials (>7,500 sq.ft.) $1,000 Film Studios $1,000 Recording Studios $1,000 Retail (> 25,000 sq. ft.) $1,000 Utilities (> 7,500 sq.ft.) $1,000 Hospitals (> 20,000 sq. ft.) $1,000 Hospitals, Clinics (<20,000 sq. ft.) $500 City of Culver City, California City Council Agenda Item Report 45 Martial Art Studios, Health Studios, Hair Salons (> 25,000 sq.ft.) $1000 TYPE E Commercial Rentals < 5,000 sq. ft. 5,001-15,000 sq. ft. 15,001-25,000 sq. ft. 25,001-35,000 sq. ft. >35,001 sq. ft. $ 500 $ 750 $1,000 $1,250 $1,500 FISCAL ANALYSIS: The BID’s quarterly financial statements for 2005 are attached for your information (Attachment No. 6). These financial statements describe activities undertaken and funds expended during their fiscal year. As previously stated, funds from the 2006 BID assessment will be used for business enhancement, design and design activity and other items in accordance with the Law. During 2006, the BID anticipates assessment revenues of $65,000 and carry-over funds in the amount of $22,000. Previously the Agency provided the DBA with annual financial assistance in the amount of $20,000 (to subsidize the salary of the Executive Director). However, the agreement between the Agency and DBA for this expenditure was for three years and expired this past October. The DBA will now be funding this expense. There is no fiscal impact to the City for the approval of the BID Annual Work Program. ATTACHMENTS: 1. Resolution of Intention; 2. 2006 BID Work Program and Budget; 3. Internal Revenue Service tax-exempt certification; 4. DBA Certificate of General Liability Insurance; 5. Summary of 2005 4 th Quarter Accounts Payable; and 6. DBA quarterly financial statements; City of Culver City, California City Council Agenda Item Report 46 MOTION: That the City Council: 1. Approve the 2006 BID Advisory Committee’s Annual Work Program and Budget as filed with the City Clerk; and 2. Approve the Resolution of Intention to set December 12, 2005, as the date for a public hearing to consider the continuation of the Downtown Culver City Business Improvement District. MEETING DATE 11/14/05 AGENDA ITEM Consideration of the Downtown Culver City Business Improvement District Advisory Committee s Annual Work Program and Budget for the Continuation of the Downtown Business Improvement District ATTACHMENTS Pages 1 Resolution of Intention 1-7 2 2006 BID Work Program and Budget 8-14 3 Internal Revenue Service tax-exempt certification 15-16 4 DBA Certificate of General Liability Insurance 17-19 5 Summary of 2005 4th Quarter Accounts Payable 20-21 6 DBA quarterly financial statements 22-281|1010101010101010 10 10|11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 (jam) RESOLUTION NO 2005-R A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CULVER CITY, CALIFORNIA, DECLARING ITS INTENTION TO CONDUCT A PUBLIC HEARING TO CONSIDER CONTINUATION OF THE DOWNTOWN CULVER CITY BUSINESS IMPROVEMENT DISTRICT ON DECEMBER 12 2005 WHEREAS the Parking and Business Improvement Area Law of 1989 (California Streets and Highway Code, sections 36500 et seq (the 'Act ) authorizes cities to establish parking and business improvement areas for the purpose of imposing assessments on businesses for certain purposes, and WHEREAS, the City established by Ordinance No 98-011 the Downtown Culver City Business Improvement District (the District'), and WHEREAS, on November 14, 2005, the City approved the District's Annual Report (work program and budget), prepared by the Culver City Business Improvement District Advisory Committee and WHEREAS, businesses in the District have requested the City Council to reauthorize continuation of the District for the year 2006 NOW, THEREFORE, the City Council of the City of Culver City DOES HEREBY RESOLVE as follows|109| Pursuant to the provisions of the Act, the City Council declares its intent to consider the continuation for the year 2005 of a Parking and Business Improvement Area named the Downtown Culver City Business Improvement District|109| The proposed boundaries of the District are set forth in Exhibit 'A," which is attached hereto and incorporated herein by reference and are the same as those(jam) I|1010101010101010 10 10|11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 contained in Ordinance No 2000-027, which replaced Ordinance No 98-011 (ordinance that established the District)|109| The improvements and activities proposed for the District shall be funded by the levy of assessments on businesses within the District boundaries and may include but are not limited to, the following a General promotion of business activities within the District, b Promotion of public events which benefit businesses in the District and which take place on or in public places within the District, c Decoration of any public place within the District, and d Acquisition, construction, installation or maintenance of improvements identified in section 36510 of the Act 4 The City Council intends to levy assessments on businesses located within the boundaries of the District, in the amounts and on the business classifications set forth in Exhibit B, which is attached hereto and incorporated by reference as though fully set forth herein The levy is set forth in Ordinance No 2000-027 5 Except where funds are otherwise available, an assessment to pay for all specified improvements and activities within the District will be used to fund the activities and improvements shown on Exhibit C, which are also described in the Report to the City Council on file with the City Clerk that was prepared by the Culver City Downtown Business Association 6 Businesses commenced during the year following the renewal of the District shall not be exempt from such assessments, but shall be assessed the appropnate -2- a)1|1010101010101010 10 10|11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Gam) amounts as listed on Exhibit B in a prorated format based upon the number of whole months remaining in the assessment period|109| The City Council shall hold a public hearing on the 13th day of December 2005, at 7 00 p m , or as soon thereafter as this matter may be heard, in the Council Chambers at 9770 Culver Boulevard, Culver City, California 8 The City Clerk shall certify to the passage of this Resolution and cause the same to be published once in a daily newspaper of general circulation in the Culver City area, not less than seven days before the hearing APPROVED and ADOPTED this day of 2005 ALBERT VERA, MAYOR City of Culver City, California ATTEST APPROVED AS TO FORM CHRISTOPHER ARMENIA City Clerk A04 00959 -3- CAROL A SCHWAB, City AttorneyExhibit A|1010|l'" -400,... WWWWWWWWWWWWW ",..._ / . .,, 0 — , : % It e P M 11 11 Pt P X A SillIlf I II III PROPOSED DOWNTOWN CULVER GM' I3USINES' t3 ROVEMENT DISTRICT cAymtti 4,1Exhibit B Business Type (assessment per business) 2006 Assessment TYPE A Retail (0-25 000 sq ft ) Hotel Restaurant (0-300 seats) Restaurant (> 300 seats) Computer Graphics and Services Martial Art Studios, Health Studios Hair Salons (0-25,000 sq ft ) TYPE B Theaters $ 300 $ 500 $ 500 $1,000 $ 300 $ 300 $1 per seat TYPE C All others not listed $ 100 TYPE D Financials (>7,500 sq ft ) $1,000 Film Studios $1,000 Recording Studios $1,000 Retail (>25,000 sq ft ) $1,000 Utilities (> 7,500 sq ft ) $1,000 Hospitals (>20,000 sq ft ) $1,000 Hospitals, Clinics (<20,000 sq ft ) $500 Martial Art Studios, Health Studios, Hair Salons $1000 (>25 000 sq ft ) TYPE E Commercial Rentals <5 000 sq ft 5,001-15,000 sq ft 15 001-25,000 sq ft 25,001-35,000 sq ft >35,001 sq ft $ 500 $ 750 $1,000 $1 250 $1,5002 Extubit C Downtown Culver City- Business Improvement District — Report of Proposed Year 2006 Work Program and Budget The Downtown Culver City Business Improvement District Advisory Committee ( Advisory Committee ) is pleased to present its Proposed Year 2006 Work Program and Budget This report is prepared in accordance with the requirements of Culver City Ordinance No 98 011 which established the Downtown Culver City Business Improvement District ( DCCBID ) the Business Improvement District Management Agreement between the City of Culver City ( City ) and the Culver City Downtown Business Association ( CCDBA ) and the SP eets and Highways Code Section 36533 The Advisory Committee does not propose any changes to the Advisory Committee structure nor to the boundaries of the parking and business improvement area A map illustrating BED boundaries is included as Exhibit A The Advisory Board does not recommend any changes to the assessment schedule Busmess Type City Business License Code Annual BID Fee Type A Retail (0 25000 sq ft ) 036 144 396 399 402 $300 Hotel 456 480 $500 Restaurant (0 300 seats) 390 654 690 $500 Restaurant (>300 Seats) $1000 Computer Graphics & Computer Services 152 200 $300 Martial Art Studios health Studios hair salons (0 25000 Sq Ft) 774 276 $300 Type B Theaters 858 $1 per seat Type C All Others not listed $100 Type D Fmancials (>7500 Sq ft ) 342 $1000 Film Studios 490 498 $1000 Recording Studios 554 $1000 Retail (>25000 sq ft) 036 144 396 399 402 $1000 Utilities (>7500 Sq Ft) $1000 Hospitals (>20000 Sq Ft) 780 $1000 Hospitals Clinics (<20000 Sq Ft) $500 Martial Art Studios Health Studios Hair Salons (>25000 Sq Ft) $1000 Type E Commercial rentals 432 <5000 sq ft $500 5001 15000 Sq Ft $750 15001 25000 Sq Ft $1000 25001 35000 Sq Ft $1250 >35001 Sq Ft $1500 The DCCBID S activities and estimated costs for the coming year are set forth in Exhibit B Proposed year 2006 Work Program Budget All funds collected are used for BID activities to implement the Downtown Culver City 4 Points Program modeled after the Main Streets 4 Points ProgramNote 1 Fee for individual business owners with multiple business licenses/operations at the same address will be based on the single highest category 2 Business owners with multiple business locations within the BID area will be assessed separately at each location 3 Commercial rentals will be assessed for each building location not each tenant space 4 Multiple independent business owners at the same address will be assessed separately at their respective rates 3A+1-0Diim.Q4, Culver City Downtown Business Association PO Box 1322 Culver City, CA 90232 Memo 10/17/05 To The Honorable Mayor Vera The Honorable City Council Members All Downtown Businesses Enclosed please find the Downtown Culver City B I D Work Program report and proposed Budget for 2006 Also please fmd enclosed for your interest a list of the DBA Board s recommendations for the BID Advisory Committee for 2006 We ask your review and approval For more information on this agenda item please contact Ms Alicia Weintraub in the Community Development Division 310 253 5778 Sincerely Andrew Weissman Chairman Culver City Downtown B I D Advisory Committee FDowntown Culver City Business Improvement District — Report of Proposed Year 2006 Work Program and Budget The Downtown Culver City Busmess Improvement District Advisory Committee ( Advisory Committee ) is pleased to present its Proposed Year 2006 Work Program and Budget This report is prepared in accordance with the requirements of Culver City Ordinance No 98 011 which established the Downtown Culver City Business Improvement District ( DCCBID ) the Business Improvement District Management Agreement between the City of Culver City ( City ) and the Culver City Downtown Business Association ( CCDBA ) and the St/ eets and Highways Code Section 36533 The Advisory Committee does not propose any changes to the Advisory Committee structure nor to the boundaries of the parking and business improvement area A map illustrating BID boundaries is included as Exhibit A The Advisory Board does not recommend any changes to the assessment schedule Business Type City Business License Code Annual BID Fee Type A Retail (0 25000 sq ft ) 036 144 396 399 402 $300 Hotel 456 480 $500 Restaurant (0 300 seats) 390 654 690 $500 Restaurant (> 300 Seats) $1000 Computer Graphics & Computer Services 152 200 $300 Martial Art Studios health Studios hair salons (0 25000 Sq Ft) 774 276 $300 Type B Theaters 858 $1 per seat Type C All Others not listed $100 Type D Financials (>7500 Sq ft ) 342 $1000 Film Studios 490 498 $1000 Recording Studios 554 $1000 Retail (>25000 sq ft) 036 144 396 399 402 $1000 Utilities (>7500 Sq Ft) $1000 Hospitals (>20000 Sq Ft) 780 $1000 Hospitals Clinics (<20000 Sq Ft) $500 Martial Art Studios Health Studios Hair Salons (>25000 Sq Ft) $1000 Type E Commercial rentals 432 < 5000 sq ft $500 5001 15000 Sq Ft $750 15001 25000 Sq Ft $1000 25001 35000 Sq Ft $1250 >35001 Sq Ft $1500 The DCCBID S activities and estimated costs for the coming year are set forth m Exhibit B Proposed year 2006 Work Program Budget All funds collected are used for BID activities to implement the Downtown Culver City 4 Points Program modeled after the Main Streets 4 Points Program|1010|qNote 1 Fee for mdividual business owners with multiple business licenses/operations at the same address will be based on the smgle highest category 2 Business owners with multiple business locations within the BID area will be assessed separately at each location 3 Commercial rentals will be assessed for each building location not each tenant space 4 Multiple independent business owners at the same address will be assessed separately at their respective rates|1010|/ aThe Advisory Board proposes the following Work Program for 2006 MARKETING/PROMOTION Continuation of the Culver Card a discount program available to Downtown Culver City retail restaurant and service customers to promote all participating businesses Continuing to provide counter top displays for ground floor businesses to provide the card as well as the new Downtown map Continuing sponsorship of City s Summer Sunset Music Festival and other appropriate venues Continuing Pacific Theatre On Screen slide program promoting the Downtown experience and reminding patrons of locations of free parking Continuing to create new methods of more visibly and positively branding and promoting Downtown businesses and community activities m all media Continue to create additional cooperative marketing partnerships with established and new Downtown business as opportunities arise Increase community activities in District that serve the needs and provide entertainment to Culver City residents while promoting and benefitting Downtown businesses In addition to annual Holiday Lighting Event utilization of Town Plaza for as many activities possible Producing the Third Annual George Barns Culver City Custom Car Show in collaboration with the Exchange Club of Culver City Assistance in proactive recruitment of desueable tenant businesses for our Downtown property owners DESIGN/IMPROVEMENTS Outdoor directory program in partnership with the Redevelopment Agency designing purchasing and installing informational directories for pedestrians m key areas of the Downtown district Establish ongoing maintenance program and annual updating of information in directories Replacement of Culver Boulevard decorative tree lights m response to sunsettmg of previous Agency contract Continuing maintenance of previously purchased Holiday ornaments Continuing to provide Holiday tree lighting elements and garlands to annual lighting event in Town Plaza Consultation and cooperation with Public Art Coordinator on Zoetrope upgrade program, Harry Culver sculpture project and other public art projects m the Downtown area Coordination between City Sanitation Division and businesses on use and maintenance of new trash compactors Encourage business and property owners to continue to improve facades iiMore proactive communication with City on violations of existing codes in relation to aesthetics and safety of facades and streetscape ADMINISTRATION Continued upgrading of website with greater service information and linkage provided Maintain office space for use of Executive Director building of volunteer work force and increased visibility of DBA Continue consultation with Urban Place Consulants regarding feasibility of establishment of PBlD to replace current BID and to provide greater services to Downtown District through increased funding COMMUNITY OUTREACH Coordinate between Culver City Regional Occupational Program and new businesses to facilitate hiring of Culver City youth Continue to identify chantable opportunities tied to Downtown event programming to benefit local non profit organizations|1010|'Downtown Culver City-Business Improvement District Proposed Year 2006 Work Program and Budget Revenue 2006 BID Assessment Fees $65 000 2005 Carry over funds (Delinquent BID Fees/ Outdoor Directory Reserve) $22 000 Total Revenue $87,000 Expenses Marketing and Promotion Events & Sponsorships $11 300 Printed Marketing Materials $ 6 500 Website $ 1 000 Total Marketing and Promotion $18 800 Design & Improvement Holiday Street Ornaments $ 7 930 Boulevard Tree Lights $ 9 270 Outdoor Directories $11 000 Total Design & Improvement $28 200 Administration Professional Fees (Accounting/Computer) $ 1 800 Insurance $ 2 100 Tax Dues Permits $ 100 Office Expenses $ 2 150 Office rent $ 9 050 **Salaries (Executive Director) $22 800 Total Administration $38 000 Contingency $ 2 000 Total Expenses $87,000 * Please note balance of Executive Director salary to be funded through DBA Account i ';BID ADVISORY BOARD RECOMMENDATIONS — 2006 (will be considered on December 12 2005 during public hearing) ANDREW WEISSMAN/ATTORNEY — CHAIR JENNIE COOK/DOUBLE DUTCH DINETTE KAMAREN HENSON/WONDERFUL WORLD OF ANIMATION GREG REINER/THE ACTORS GANG JIM RODRIGUES/SANTA MARIA BBQ GERALD WEINER/A'ITORNEY KEN CHERNIJS/PROPERTY OWNERS13 GRA Falg at-fa cihnko f-} No 3 t)- 1 Q9Q -IEPEO DEPARTMENT or THE TREASURY Employer Identification Nantes 98460044 Dist 211083024 Coctact Person VICTORIA LAMM contact Telephone Itienex, (877) 819-5800 internal Revenue Code Section 101(c)(6) Accounting Period tnding July )1 Form 296 Required ve0 Addendum Appliest NO - RWSZela swami T =ACTOR 1 ox 2808 'iNUATI OR 45201 t ea 2 II 1 414t CITY pownows muslin= IOCIATION INC DOX 1323 VEIL CZTY CA 26212 /De 31304 e--- -5-r* Ix Applicant based on inforsatiOn supplied, and easusung your operations will be as ited in your applioatfon for retogeztioa of execgtiOn, we have determined A are exempt from Pedfral income tax Under section 501(4 of the internal mew Cede am an organization described in the seetson indanated Above UnleSS speeiticaliy excepted, yea are liable for taxes under the Pederal eurance ConeributionsiAct leeelal security taxes) for eeeh empaeyee t* Wham u pay $100 or sore during a calendar year And unless excepted you are liable for tax und6r the Federal Unesplersent Tax Act for each OPplaYee OM you pay $5,0 or more during & calendar quarter if, during the =rent ereceding calendar year you nem one or more empleyees at any time in each TO calendar weeks olzeu petd wages of $1,500 or sere in any calendar Arcer if you have geoetinee ebeat excuse, employment, or ether rederwl awe please addrees tIlies to this office If your SeUress o support, or your purposes character, or method of paretic* ehange. pinaele Let us knew ee we can coneider tbo alto-et of the :sees on your exempt *emus la the wee of JUZ asandment to your organise- 4,6021 document or bylaws please send us a =eyed the oded document or flaw Also, you ShOOld inform us at all change* in your nene CT address re the heading of this letter we haws indicated whether yOu nutt file Fiore 90 **urn of Orgeniesttion exempt Prom 2nceme Tax It fte ie iedlobbed you re re Lead to file Pqra 990 only if your emote reatiPta each Year are creel y mere than #25 1000 sowever if yours:sive a Form 080 pedaling in the ail please file the tura even if you de net mooed the gross racetpts teat f you are not reqMi te file, simply attach the label praemded, Check the ox in the hooding to dca.te that your Annual grasp receipt* are normally 35 006 or lee* and sign the return If a return 10 required, it must he filed by the 15th Any Of the fifth tonth after the and oflynur annual accounting Period. A penalty of 820 a day e charged When * retain is filed late, unless there le reemonable cause for he delay However the maxim= ponaley charged cannot exceed 810,000 or 5 Letter 948 (D0/CX01 1999 01 47PM 1 p g3 /5;A- District nittor Attesememara., V -1999 12 51 EPEO S13 694 6939 P tii3/21 -2- 22 CITY DOWNTOWN POcONSS ent of your grode roJeeipte for the year, whachaver is 'Ames For mit/time with grade redeipts ercsedang $i, 000,000 in any year. tha Ilty la $100 per dayiper return, unless there it reasonable cause for the Ly The man penalty for an orgatitistion, with trout Mee -4CA exceeding 00 000 shell not exteed O50.000 /%411 psaelty nay also be charged if a km is not completa,lso please S. sure your return is completo before you I it You are not required to file Federal income tax retUrnii unless you are lent to the tax on unreleted business income under election Ill of the Code fOU are subject to this tax, you must file an income tax metUrn 04 POrn T, Exempt Clegasizst4on Business ZOOOMO Tax Return TM this; letter we are determining Whatnot' city of your present or proposed aCtiriti•s are unre- sd treds or busimassies defined in section S13 of the Coda YOu are required tpo make your annual return Available for public|1010|pection fat three }teem after the return is due. YOu are also revived slake sv&alahle a espy of your eXeeptxma &Sensation any supperttnB 1 AMOCO. snd thaw ex.priptias letter Failure to sake theee documents g slable for puic iiipectian nay sUbjeet you to A penalty Of $20 per day I , h dAY Oust* is A tAillure to comply (up to a eaxtemetof $10.000 id the cane t 5.21 annual return) : I I ou need an employer identification number even if you have no employees 1 edployer identifilcatica number was not entered on your application I umber will be assigned to you end you will be advised of it. Please use t number on all rstUrne you file and a.n all correspondence Wi.th the interne onus Service I|1010|It we have indicated an the heading of thas letter that an eddondum lies, ths enoldised +Wend= is an mategral mart of this letter i Because this 1:::lr could help meeolwo any we:otiose about your exempt tus. you should it in your permanent records It you have any sphone number ere stioes, please contact the person wh011 e name And in the beading Of this latter Sincerely yours, Latter 545 (DojeG11-EqclYirtoAei- tvo, lab INSURANCE BINDER DATE (MINDINYY) SEP 30 05 )ER IS A TEMPORARY INSURANCE CONTRACT SUBJECT TO THEVONDMONS SHOWN ON THE REVERSE SIDE OF THIS FORM 71 PICNE r Aic, pei F mt 310-322 1301 COMPANY United States LiabMbi kts. Co. BINDER 1 15397 CE BROKERS, INC. iAts) AVE STE 210 CA UC OD28706 *DO CA B0245-17SB 310-3221301 .322 1302 DATE EFFECTIVE IME TI DATE EICPIRATION DE SEP 27 05 12 01 X AM PAT DEC 24 05|1010|X — T2:01 AM NOON MS BINDER ISISSIIED TO EXTBEI COVERAGE IN THE ABOVE NAMED COMPANY PER EXPIRING POLCY lk SUB CODE. 27735 DESORPTION OF OPEPAllONSNEHICLESRROPER1Y (Indickg Locsisci) BUSINESS ASSOCIATION ND01035698C .:ITY DOWNTOWN BUSINESS noN 1322 :ITY CA 90232 ADDITIONAL INSURED 0072477 NOTE IMPORTANT STATE INFORMATION ON REVERSE SIDE ACORD CORPORATION 1993 noN 075-S (2001101) LIMITS OF INSURANCE oov s AMOUNT CAUSES OF LOSS NOT INCLUDED C 1 BROAO i i SPC-C LIABILITY TERCIAL GENERAL LIABILITY|1010|NON PROFIT DIRECTORS & OFFICERS umiLnY SUBJECT TO A $0 PER CLAIM DEDUCTIBLE RETRO DATE FOR CLANS MADE. EACH OCCURRENCE $ 1 000 000 mace TO RENTED PREMISES giaT %mum CLAIMS MADE 1 I OCCUR_ IIEVICAL EXPENSE (My am pawn) war =Lump )N PROFIT D&O PERSONAL & ADV MIRY eiOT INCLUDED GENERAL AGGREGATE $ 1,000 000 PRODUCTS COMPIOP AGO *JOT INCLUDED . ILE UABILITY AUTO OWNED AUTOS P-- ED AUTOS VS 4-OWNED AUTOS . NOT INCLUDED CONBRIED SINGLE LIMIT $ BODILY PUURY(Per person) BODLY PUURY (PAY =dent ) $ PROPERTY DAMAGE $ MEDICAL PAYMENTS $ PERSONAL MJURY PROT S UNMSURED MOTORIST $ YSICAL DAMAGE DEDUCTIBLE LUSION. 1 ALL VEHICLES I I SCHEDULED VEHICLES ACTUAL CASH VALUE $ NOT INCLUDED STATED AMOUNT rIER THAN DOLL OTHER LIABILITY IT AUTO NOT INCLUDED AUTO OILY EA ACCIDENT $ OTHER THAN AUTO ONLY EACH ACCIDENT S AGGREGATE LIABILITY ABRELLA FORM HER THAN UMBRELLA FORM NOT INCLUDED RETRO DATE FOR CLAMS MADE EN2i OCCURENCE _ AGGREGATE $ SELF-INSURED RETENTION $ WORKERS COMPENSATION AND EMPLOYER'S UABIUTY NOT INCLUDED * STATUTORY LIMITS EL EACH ACCIDENT S EL DISEASE EACH EMPLOYEE $ EL DISEASE POLICY LIMIT i SUBJECT TO CARRIERS "TIMELY RECEIPT OF THE PREMIUM/II Ms, MS FEES S TAXES $ ESTIMATED TOTAL PREMIUM $ & ADDRESS 1-71 BRANCH NAME AND SERVICING ADDRESS Luid CH GROUP-SOUTHERN CA-SOUTH P 0 BOX 10197 JACKSONVILLE FL 32247-0197 (800) 800-3907 POLICY PERIOD FROM TO 04/09/2005 - UNTIL CANCELLED/ 12.01 am NON—RENEWED Poucy tammaz, TC PAS 34767088 ZURICH GROUP-SO PRODUCER NUMBER 13473665 ACCOUNT NURARER Awn- M007140296-0O1 -00001 NONE ANNIVERSARY EFF 04/08/2005 ZURICH MARYLAND CASUALTY COMPANY PRECISION PORTFOLIO POLICY - COMMON DECLARATIONS PRECISION AMERICA OFFICE PROGRAM us policy consists of the declarations as well as the coverage forms and endorsements ted on the Forms and Endorsements Applicable List I NAMED INSURED AND MAILING ADDRESS )0VINTOWN CULVER CITY BUSINESS ASSOCIATION 4 0 BOX 1322 MISER CITY CA 90232-1322 AGENCY NAME AND SERVICING ADDRESS I ACORDIA OF CALIFORNIA INSURANCE SERVICES INC 15303 VENTURA BLVD FL 7 SHERMAN OAKS CA 91403-3110 (818)464-9300 BUSINESS ENTITY CORPORATION POLICY PREMIUMS In return for the payment of the premium and subject to all the terms of this policy we agree with you to provide the insurance as stated in this policy This policy consists of the following coverage parts This premium may be subject to adjustment PRBVIIUM calaraciAL PROPERTY AND GENERAL LIABILITY 740 00 FEDERAL TERRORISM PREMIUM $ 10 00 TOTAL ANNUAL PREMIUM $ 750 00 MINIMUM PREMIUM uountersigned by Authorized Representative Date I Ids nmehted mm n1 fMsuance SWIM!! Offi I %nth dspnn Copynght, 1 or S rv Offi lc 1884 U nel r r an 1992 1111/1a.BILL PoLicy Ma I PIMUCEITNL110361. AXXXXATCPAJWBER Amur D PAS 34767088 13473665 N007140296-001-00001 NONE BRANCH Z2 ZURICH GROUP-SO ANNIVERSARY EFF 04/08/2005|1010|ZURICH PRECISION PORTFOLIO POLICY COMMERCIAL GENERAL LIABILITY DECLARATIONS PRECISION AMERICA OFFICE PROGRAM This coverage part consists of this declarations form the common policy conditions and the coverage forms and endorsements indicated as applicable on the forms list ONERAGF-S AND LAWS OF irdsuRAtoce Some of these coverages are sublimits or are subject to aggregate limits Refer to your policy to determine how they apply GENERAL AGGREGATE $2 000 000 PRODUCTS AND COIFLETED OPERATIONS AGGREGATE $2 000 000 EACH OCCURRENCE $1 000 000 TENANTS LEGAL LIABILITY $1 000 000 MEDICAL EXPENSES - EACH PERSON $ 10 000 PERSONAL INJURY AND ADVERT/SING INJURY $1 000 000 HIRED AND NON-OWNED AUTOMOBILE LIABILITY $1 000 000 COMNERC1AL GENERAL L1ABIUTY /ccCC Downtown BID NP Aging Summary As of December 30, 2005 Ai-lack\ fy.p...„4, vvo|1010|4 29 PM 10/21/05 Current 1 30 31 60 61 90 > 90 TOTAL Beanstalk Logo Promotions 681 00 0 00 0 00 0 00 0 00 681 00 City of Culver City Redevelopment Agency 000 45 00 45 00 000 000 90 00 Co Electric 000 000 9 256 00 000 000 9 256 00 CULVER CITY CHAMBER OF COMMERCE 0 00 0 00 225 00 0 00 0 00 225 00 Cy Pierce CPA 0 00 0 00 875 00 0 00 0 00 875 00 DEKRA LITE 000 3 941 00 000 000 000 3 941 00 Nationwide Plastic 2 366 00 0 00 0 00 0 00 000 2 366 00 Oliver Holt Christmas Trees 000 7 450 00 0 00 0 00 0 00 7 450 00 Paula Loh 475 00 0 00 0 00 475 00 0 00 950 00 SANDRA BRICE 0 00 0 00 0 00 3 000 00 0 00 3 000 00 Scott Malsin 1 100 00 0 00 0 00 0 00 0 00 1 100 00 The Larkin Group 0 00 0 00 0 00 730 00 0 00 730 00 TOTAL 4 622 00 11 436 00 10 401 00 4 205 00 0 00 30 664 00CC Downtown BID NR Aging Summary As of October 1, 2005 Current 1 30 31 60 61 90 > 90 TOTAL Bank of the West 1 0 00 0 00 1 500 00 0 00 0 00 1 500 00 Culver City Redevelopment Agency 0 00 0 00 0 00 2 500 00 0 00 2 500 00 Culver Hotel 1 000 000 1 500 00 0 00 0 00 1 500 00 TOTAL 000 0 00 3 000 00 2 500 00 0 00 5 500 00 4 07 PM 10/21/053 56 PM CC Downtown BID , il-A4c,T,Iiru."J- 08/05/05 Profit & Loss Accrual Basis January through March 2005|1010|Ordinary Income/Expense Income 4000 income 4080 Reimbursed Expenses 4081 Contract Labor 4085 Other Jan Mar 05 10 000 00 2 000 00 Total 4080 Reimbtirsed Expenses 12 000 00 4091 Interest income 1 70 Total 4000 Income 12 001 70 Total Income 12 001 70 Expense Void , 0 00 5000 Marketing and Promotion Expense 6300 Printed Marketing Materials 5313 Culver Cards 3 047 10 Total 6300 Printed Marketing Materials 3 047 10 5500 Other Marketing Expenses 5510 Marketing Supplies 455 18 Total 5500 Other Marketing Expenses 455 18 Total 5000 Marketing and Promotion Expense 3 502 28 6100 Holiday Ornaments 7 57 6000 Design and Improvement Expense I Total 6000 Design and improvement Expense 7 57 8000 Administration Expense 8012 Contract Labor 9 000 00 8015 Dues and Subscriptions 200 00 8200 insurance 8230 Uability Insurance 750 00 Total 8200 insurance 750 00 8400 Office Expenses 8420 Bank Service Charges 20 00 8430 Postage and Delivery 28 45 8470 Office Supplies 585 41 8480 Rent 8482 Office Rent 3 438 00 Total 8480 Rent 3 438 00 Total 8400 Office Expenses 4 071 86 8450 Parking 62 00 8500 Professional Fees 8510 Accounting 137 50 8520 Consulting 225 00 Total 8500 Professional Fees 362 50 8800 Travel & Ent 8820 Meals 17 00 Total 8800 Travel & Ent 17 00 Total 8000 Administration Expense 14 463 36 Total Expense 17 973 21 Net Ordinary Income 5 971 51 Net Income -5 971 51CC Downtown BID Balance Sheet As of March 31, 2005 Mar 31 05 ASSETS Current Assets Checking/Savings 1000 Cash 1010 BID Account Bank of the West 9 405 65 Total 1000 Cash 9 405 65 Total Checking/Savings 9 405 65 Accounts Receivable 1200 Accounts Receivable 2 500 00 Total Accounts Receivable 2 500 00 Total Current Assets 11 905 65 Fixed Assets 1700 Fixed Asset 1701 Furniture & Fixtures 21 64 1702 Computer Equipment 1 603 03 Total 1700 Fixed Asset 1 624 67 Total Fixed Assets 1 624 67 TOTAL ASSETS 13 530 32 LIABIUTIES & EQUITY Equity 3000 Opening Balance Equity 3 367 79 3100 Retained Earnings 16 134 04 Net Income 5 971 51 Total hquity 13 530 32 TOTAL LIABILITIES & EQUITY 13 530 323 45 PM 08/04/05 Accrual Basis CC Downtown BID Profit & Loss April through June 2005 Ordinary Income/Expense Income 4000 Income 4010 Bld Income 4080 Reimbursed Expenses 4081 Contract Labor 4085 Other Total 4080 Reimbursed Expenses 4091 Interest income Total 4000 income Total income Expense Apr Jun 05 53 179 80 7 500 00 250 00 7 750 00 1 83 60 931 60 931 63 63 5000 Marketing and Promotion Expense 5200 Promotional Events 6213 Fiesta La Ballona 5216 Summer Sunset Total 5200 Promotional Events 5300 Printed Marketing Materials 5311 Maps 5313 Culver Cards 5300 Printed Marketing Materials Other Total 6300 Printed Marketing Materials 5400 Website 6411 Webslte Maintenance Total 6400 Website 6500 Other Marketing Expenses 6510 Marketing Supplies 5500 Other Marketing Expenses Other 1 000 00 2 500 00 3 500 920 00 488 65 777 94 00 59 00 87 46 2 186 865 00 865 61 87 800 00 Total 6500 Other Marketing Expenses Total 6000 Marketing and Promotion Expense 8000 Administration Expense 8012 Contract Labor 8400 Office Expenses 861 9 000 7 413 00 8430 Postage and Delivery 1 29 8470 Office Supplies 33 19 8480 Rent 8482 Office Rent 730 00 8483 PO Sox Rental 2400 8480 Rent Other 730 00 Total 8480 Rent 1 484 00 Total 8400 Office Expenses 1 518 48 8450 Parking 152 00 8500 Professional Fees 8510 Accounting 250 00 Total 8500 Professional Fees 250 00 Total 8000 Administration Expense 10 920 48 Total Expense 18 333 94 Net Ordinary income 42 597 69 Net Income 42 697 69CC Downtown BID Balance Sheet As of June 30 2005 Jun 30 06 ASSETS Current Assets Checking/Savings 1000 Cash 1030 BID Account2 Bank of the West 1090 Petty Cash 50 928 43 200 00 Total 1000 Cash 51 128 43 Total Checking/Savings 51 128 43 Accounts Receivable 1200 Accounts Receivable 2 500 00 Total Accounts Receivable 2 500 00 Total Current Assets 53 628 43 Fixed Assets 1700 Fixed Asset 1701 Furniture A. Fixtures 466 55 1702 Computer Equipment 1 603 03 Total 1700 Fixed Asset 2 069 58 Total Fixed Assets 2 069 58 TOTAL ASSETS 66 698 01 LIABILITIES & EQUITY Liabilities Current Liabilities Other Current Liabilities 2600 Fraud -43000 Total Other Current Liabilities -43000 Total Current Liabilities -43000 Total Liabilities -43000 Equity 3000 Opening Balance Equity 3 367 79 3100 Retained Earnings 16 134 04 Net Income 36 626 18 Total Equity 56 128 01 TOTAL LIABILITIES & EQUITY 66 698 01 '2_SCC Downtown BID Profit & Loss July through September 2005 Ordinary Income/Expense Income 4000 Income 4010 Bid Income 4080 Reimbursed Expenses 4081 Contract Labor Total 4080 Reimbursed Expenses 2 500 00 4090 Miscellaneous Income 4091 Interest income 113 Total 4090 Miscellaneous Income 113 Total 4000 Income 11 053 07 Total Income 11 053 07 Expense 6000 Marketing and Promotion Expense 5200 Promotional Events 6215 Chamber Expo 190 00 Total 5200 Promotional Events 190 00 5300 Printed Marketing Materials 5313 Culver Cards 140 00 Total 5300 Printed Marketing Materials 140 00 5400 Website 5411 Website Maintenance 350 00 Total 5400 Website 350 00 5500 Other Marketing Expenses 5510 Marketing Supplies 38 27 5500 Other Marketing Expenses Other 400 00 Total 5500 Other Marketing Expenses 438 27 Total 5000 Marketing and Promotion Expense 1 118 27 6000 Design and Improvement Expense 6100 Holiday Ornaments 3 984 31 Total 6000 Design and Improvement Expense 3 984 31 8000 Administration Expense 8012 Contract Labor 9 000 00 8013 Contributions 250 00 8200 Insurance 8220 Directors&Officers 1 450 00 Total 8200 Insurance 1 450 00 8400 Office Expenses 8430 Postage and Delivery 8440 Printing and Reproduction 8470 Office Supplies 8480 Rent 8482 Office Rent Jul Sep 05 2 500 00 8 551 94 2 190 00 37 00 250 92 160 42 Total 8480 Rent 2 190 00 Total 8400 Office Expenses 2 638 34 8450 Parking 8500 Professional Fees 8510 Accounting 125 00 183 00 8700 Taxes 8710 Franchise Tax Board 10 00 Total 8500 Professional Fees 125 00 -210218 PM CC Downtown BID 10/18105 Profit & Loss Cash Basis July through September 2005 Jul Sep 05 Total 8700 Taxes 10 00 8800 Travel & Ent 8820 Meals 37 00 Total 8800 Travel & Ent 37 00 Total 8000 Administration Expense 13 693 34 Total Expense 18 795 92 Net Ordinary Income 7 742 85 Net Income 7 742 85 I:1CC Downtown BID Balance Sheet As of September 30, 2005 Sep 30 05 ASSETS Current Assets Checking/Savings 1000 Cash 1030 BID Account2 Bank of the West 45 936 04 1090 Petty Cash 200 00 Total 1000 Cash 46 136 04 Total Checking/Savings 46 136 04 Accounts Receivable 1200 Accounts Receivable 5 500 00 Total Accounts Receivable 5 500 00 Total Current Assets 51 636 04 Fixed Assets 1700 Fixed Asset 1701 Furniture & Fixtures 646 09 1702 Computer Equipment 1 603 03 Total 1700 Fixed Asset 2 249 12 Total Fixed Assets 2 249 12 TOTAL ASSETS 53 885 16 LIABILITIES & EQUITY Equity 3000 Opening Balance Equity 5 867 79 3100 Retained Earnings 16 134 04 Net Income 31 883 33 Total Equity 53 885 16 TOTAL LIABILITIES & EQUITY 53 885 16 -2.8