City of Culver City, California
Agenda Item Report
Meeting Date: 11/16/09 Item Number: A-1
CITY COUNCIL AGENDA ITEM: Approval of the Downtown Culver City Business
Improvement District Advisory Committee’s Annual Work Program and Budget,
and Adoption of a Resolution of Intention to Conduct a Public Hearing for
Continuation of the Downtown Business Improvement District.
Contact Person/Dept.: Glenn Heald
Community Development Department
Phone Number: 310-253-5752
Fiscal Impact: Yes [] No [X] General Fund: Yes [X] No []
Public Hearing: [] Action Item: [X] Attachments: [X]
Commission Action Required: Yes [] No [X] Date: _______________
Public Notification: (E-Mail and Telephone) Downtown Business Association (10/05/09);
(E-Mail) Meetings and Agendas – City Council (11/11/09).
Department Approval:
Sol Blumenfeld: (10/28/09)
City Attorney Approval:
Carol Schwab (by H. Baker) (11/11/09)
Chief Financial Officer Approval:
Jeff Muir (by N. Kimball) (11/11/09)
City Manager Approval:
Mark Scott (11/11/09)
RECOMMENDATION:
Staff recommends the City Council approve the Downtown Culver City Business
Improvement District (BID) Advisory Committee’s annual Work Program and
Budget for 2010 (Report) and adopt a Resolution of Intention to conduct a public
hearing on December 14, 2009, for the continuation of the Culver City Downtown
BID (Attachment Number 1).
BACKGROUND:
Culver City’s Downtown 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 BID Work Program is managed by the Downtown Business Association (the
DBA) in accordance with the Management Agreement between the DBA and the
City.
In accordance with the legal process for renewing a BID, the City Council is
required to review and approve the BID Advisory Committee’s Report during a
public meeting. 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 City of Culver City, California
Agenda Item Report
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 meeting, should the City Council determine it wishes
to consider continuation of the BID, then the City Council must adopt a Resolution
of Intention to conduct a public hearing (which is proposed for December 14,
2009). Should the City Council adopt the Resolution of Intention, the public will
be notified of the public hearing in accordance with state law.
DISCUSSION:
Changes to the BID work program and budget for 2010 include funding for City
permit fees for the Downtown Valet Parking Program in accord with the direction of
the City Council and the Redevelopment Agency Board on July 6, 2009, and
allocation for a full-time executive director to be funded through BID assessments.
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” to
the Resolution. The Advisory Board recommends no increase in assessment rates
for 2010, included as Exhibit “B” to the Resolution. The proposed work program
and budget are included as Exhibit “C” to the Resolution.
On September 10, 2007, the Redevelopment Agency Board approved funding 50
percent of the cost to purchase LED lights as replacements for the incandescent
lights decorating the trees in the downtown area. The remaining 50 percent of the
cost was funded by the DBA. As part of the funding authorization, the Agency
Board directed that maintenance of the tree lights would be shared by the Agency
and the DBA for fiscal years 2007-08 and 2008-09, after which time maintenance
and repair funding would be readdressed. Staff will be bringing an item to the
Agency Board to address maintenance and repair funding of the decorative tree
lights in the near future.
On August 17, 2009, the City Council and the Redevelopment Agency Board in
joint session approved a Memorandum of Understanding (MOU) among the City,
the Agency and the DBA for events in the downtown area, in accord with Policy
2008-01 of Resolution 2008-R011 relating to community organizations. Approval
of this MOU designates the annual holiday tree lighting event as a City- and
Agency-sponsored event. The City and Agency do not provide any funding for this
event, but the DBA is eligible to receive a specified allocation of staff time (18
hours total) in production and marketing assistance.
FISCAL ANALYSIS:
City of Culver City, California
Agenda Item Report
The BID’s quarterly financial statements for 2009 are attached for reference.
These financial statements denote activities undertaken and funds expended
during the DBA’s 2009 fiscal year.
During 2010, the BID anticipates assessment revenues of $144,025 and carry-over
funds in the amount of $22,326. Through the Finance Department, the City
invoices and collects the BID assessment on the BID’s behalf. The City charges a
2% administration fee for their efforts (e.g. assuming $145,000 is billed, the
administration fee is approximately $2,900). As previously stated, funds from the
2010 BID assessment will be used for business enhancement, marketing and
promotional activity and other items in accordance with law. The DBA funds the
entire salary of the Executive Director.
There is no fiscal impact to the City for the approval of the BID Annual Work
Program or resolution of intention to conduct a public hearing for the continuation
of the BID for 2010.
ATTACHMENTS:
1. Resolution of Intention, including BID Boundary Map (Exhibit “A”), Proposed
Assessment Schedule (Exhibit “B”), and 2010 BID Work Program and Budget
(Exhibit “C”).
2. BID Program Accomplishments in 2009.
3. BID Activities Planned for 2010.
4. BID Assessments in 2009.
5. Internal Revenue Service tax-exempt certification.
6. DBA Certificate of General Liability Insurance.
7. DBA quarterly financial statements and Accounts Payable summary.
MOTION:
That the City Council:
1. Approve the 2010 BID Advisory Committee’s Annual Work Program and
Budget as filed with the City Clerk; and,
2. Adopt the Resolution of Intention to set December 14, 2009, as the date for a
public hearing to consider the continuation of the Downtown Culver City
Business Improvement District.
MEETING DATE: 11116/09
AGENDA ITEM: Approval of the Downtown Culver City Business
Improvement District Advisory Committee's Annual
Work Program and Budget, and Adoption of a
Resolution of Intention to Conduct a Public Hearing
for Continuation of the Downtown Business
Improvement District.
ATTACHMENTS
Pages
1. Resolution of Intention, including BID Boundary Map
1-6
(Exhibit "A"), Proposed Assessment Schedule (Exhibit "B"),
and 2010 BID Work Program and Budget (Exhibit "C").
2. BID Program Accomplishments in 2009 7-8
3. BID Activities Planned for 2010 9-11
4. BID Assessments 2009 12
5. Internal Revenue Service tax-exempt certification. 13-14
6. DBA Certificate of General Liability Insurance. 15
7. DBA quarterly financial statements and Accounts Payable 16-21
summary.Attachment 1
RESOLUTION NO. 2009-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 14, 2009.
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 districts for the purpose of imposing
assessments on businesses for certain purposes; and
WHEREAS, the City established by Ordinance No. 98-011 and Ordinance No.
2000-027 the Downtown Culver City Business Improvement District (the "District"); and
WHEREAS, on November 16, 2009, the City approved the District's Annual
Report (work program and budget), prepared by the Culver City Business Improvement
District Advisory Committee.
NOW, THEREFORE, the City Council of the City of Culver City DOES
HEREBY RESOLVE as follows:
1. Pursuant to the provisions of the Act, the City Council declares its intent
to levy and collect assessments for the year 2010 within the District.
2. 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
contained in Ordinance No. 2000-027 and Ordinance No. 98-011.|101010101010101010 10
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283. 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.
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."
6. The District's Annual Report, on file with the City Clerk, should be
referred to for a full and detailed description of the improvements and activities to be
provided for the year 2010, the boundaries of the District and the assessments proposed to
be levied upon the businesses within this District.
7. Businesses commenced during the year following the renewal of the
District shall not be exempt from such assessments, but shall be assessed the appropriate
amounts as listed on Exhibit "B" in a prorated manner, based upon the number of whole
months remaining in the assessment period.
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288. The City Council shall hold a public hearing on the 14 th day of
December 2009, at 7:00 p.m., or as soon thereafter as this matter may be heard, in the
Culver City City Council Chambers at 9770 Culver Boulevard, Culver City, California.
9. At the above-referenced public hearing, written and oral protests may
be made.
10. 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 above-referenced public hearing.
APPROVED and ADOPTED this day of , 2009.
ANDREW VVEISSMAN, MAYOR
City of Culver City, California
ATTEST: APPROVED AS TO FORM:
MARTIN COLE, City Clerk
A09-00379
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CAROL A. SCHWAB, City Attorney
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1111:::',SF'-'''1,R(2)VETML-LI\IIExhibit B
Business Type
City Business License Code Annual BID Fee
TYPE A
Retail 1-1000 sq. ft. 036-144, 396, 399,402
Retail 1001-2500 sq. ft.
Retail 2501-5000 sq. ft.
Retail > 5000 sq. ft.
Hotel 456, 480
Bar/Restaurant: Total Seats, both Indoor & Outdoor: 390, 654-690
0-50 seats
51-100 seats
> 100 seats
Computer Graphics & Computer Services 152, 200
Martial Arts Studio, Health Studios, Hair Salon 744, 276
0-25,000 sq. ft.
> 25,000 sq. ft.
$ 351
$ 585
$ 877.50
$1170
$1755
$1170
$1755
$2340
$ 585
$ 585
$1170
TYPE B
Theaters
858
$2.34/seat
Live Performance
858
$1.17/seat
TYPE C
All others, not listed $351
TYPE D
Banking Institutions 0-7500 sq. ft. 342 $1170
Banking Institutions > 7500 sq. ft $1755
Film Studios 490, 498 $1170
Recording Studios 554 $1170
Utilities $1170
Hospitals > 20,000 sq. ft. 780 $2340
Hospitals and Clinics < 20,000 sq. ft. $1170
TYPE E
Commercial Rentals 432
<5,000 $1170
5,001-15,000 $1755
15,001-25,000 $2340
25,001-35,000 $2925
Over 35,000 $3510
Note:
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.Exhibit C
Downtown Culver City-Business improvement District
Proposed Year 2010 Work Program and Budget
$144,025
$ 22,326
$ 120
$112;100
$ 15,000
$ 24,180
$112,100
$ 500
$ 3,500
$293,571
Revenue
2010 BID Assessment Fees
Carry forward from 2009 assessments
Interest Income
Memorandum of Understanding (MOU)
Downtown Valet Revenue (estimated at $1250 @ 12mos)
Total Revenue
Expenses
Maintenance Management Contract ($2,015 @ 12mos)
-Labor ($1665 per month)
-Fuel ($350 per month)
MOU Maintenance Management ($9,341.60 @ 12mos)
Uniforms
Beautification Management (twinkles, addl landscape, etc.)
Total Maintenance Management $140,280
Advocacy/Administration
Executive Director (full-time salary) $ 72,000
City BID Administration Fee (2%) $ 2,880
Professional Fees $ 2,000
D & 0 Insurance $ 1,450
Liability Insurance $ 770
Tax Preparation, Dues, Permits $ 900
Bank Service Charges 0
Office Rent 0
Telephone $ 1,920
Office supplies/postage $ 1,000
Computer Services $ 600
Downtown Valet Parking Management
Valet Operations city permit ($300 per each 6mos) $ 600
Valet Stations city permit ($1,290 @ 12mos) $ 15,480
Lot leases ($2,000 @ 12rnos) $ 24,000
Total Administration $123,600
Communication/Image
-Website/e-newsletter $ 2,000
-Holiday (tree, ads and event) $ 3,300
-Misc. $ 2,065
Total Communication/Image $ 7,365
2008 Reserves $ 22,326|1010|Total Expenses $293,571 Attachment 2
BID PROGRAM ACCOMPLISHMENTS 2009
Maintenance
• Continuation of the DBA's sidewalk maintenance and landscape program
provided by the DBA Clean Team.
• Coordination with the City and Agency to continue the Memorandum of
Understanding (MOU) for downtown maintenance. The MOU transfers
funding to the DBA to perform increased maintenance and landscape
services in downtown. Beginning September 2008, the following services
are being provided by the DBA per the MOU agreement:
O A maintenance program conducting the following services: sweep litter,
debris and refuse from sidewalks, alleys (paseos) and gutters of the
District, empty sidewalk trash receptacles, sweep and pressure wash
sidewalks, plaza, paseos, and alleys, parking structure stalls, floors,
drive lanes, entrances, landings and stairwells. Wipe down parking
garage elevators. Sweep and maintain areas around trash compactors,
cleaning of street furniture (benches, bike racks, parking meters,
mailboxes, and pay phones). The 013A Clean Team performs street
cleaning daily.
O A landscape program that includes the following: weed abatement in
planters, medians and sidewalks, trash and debris removed from
planting areas, removal and replacement of dead vegetation, trimming of
bushes and shrubs, plants and flowers are provided in planting areas
and pots on an annual basis.
O Removal of paper handbills and signs, as well as logging and reporting
graffiti to City's Graffiti Removal Team.
• Established a "Maintenance Committee" of the Board of Directors to work on
recycling, sanitation, landscaping and other maintenance issues related to
downtown's business and pedestrian environment.
• Coordination with City Sanitation Division and businesses to improve the
district dumpster/trash/recycling issue. Worked to include increases in the
quantity of trash receptacles placed in the downtown district as well as to
improve maintenance of trash compactors and dumpsters.
Communication & Image
• Expanded the "Marketing Committee" of the Board of Directors to develop
programs for promoting downtown businesses and marketing partnerships
with established and new downtown businesses.
• Worked with a designer to create a new logo for the DBA.
• Created and updated a new website with greater services, more information
and linkage, anticipated to launch before year's end. Creating a new e-
newsletter linked to new website for delivery beginning next year.
• Maintenance of downtown LED twinkle lights (shared with the Agency).• Through development of an MOU for Events between the DBA, the City and
the Redevelopment Agency, the Annual Holiday Tree Lighting will now be a
co-sponsored event. As a Category 3 organization the DBA will receive no
funding for this event, but is eligible to receive a specified allocation of City
and Agency staff assistance for production and marketing
Advocacy & Administration
• Employed a full-time Executive Director in October 2009 in order to ensure
the successful management and administration of DBA programs and to
provide efficient and timely communication to the DBA constituency.
• Established a "Community Relations Committee" of the Board of Directors to
create a vehicle for communication between the DBA, downtown
businesses, other Culver City organizations and City government.
• Continued management of the Culver City Downtown Valet Parking
Program, working with the Engineering Division of the Public Works
Department to determine the best practices for a successful program.
• Expedited communication with the City regarding violations of existing
codes in relation to aesthetics and safety of the downtown district.
• Partnered with City and other organizations (Chamber of Commerce,
Downtown Residents' Association, etc.) on advocacy issues including
recycling, outdoor dining standards, smoking regulations and other
initiatives that may impact the quality of life for businesses and all users of
downtown Culver City.
• Established a garden project at Farragut Elementary School and will
continue with development of garden curriculum into next year.
• Enhanced day-to-day management of maintenance and communication
programs as well as constituency services.
• Improved interaction with City to ensure timely assessment billing and
payment.
• Day-to-day communication of programs with DBA constituency.Attachment 3
BID ACTIVITIES PLANNED FOR 2010
In October the BID Advisory Committee filed the proposed 2010 Work Program
and Budget with the City Clerk. The Advisory Board proposes the following
activities within their Work Program for 2010:
Maintenance
The DBA Clean Team will perform increased downtown maintenance services
per the Memorandum of Understanding (MOU) between the City and the DBA.
MOU services are separately funded by a separate agreement between the
City and the DBA. Other Work Plan items outside of Maintenance are not
funded by MOU dollars. Downtown Maintenance services, including both
MOU-agreed and DBA-provided services, are as follows:
• Sidewalk maintenance program:
O Personnel to sweep litter, debris and refuse from sidewalks, alleys
(paseos) and gutters of the District.
O Empty sidewalk trash receptacles throughout District two times a day on
Friday, Saturday and Sunday.
O Sweep and pressure wash District sidewalks, Town Plaza, paseos,
alleys and parking structure stairwells, landings, alleys and entrance
ramps on a monthly schedule throughout the year.
o Bi-annual pressure washing of parking structure stalls, floors and drive
lanes.
O Monthly pressure washing of parking structure entrances, landings and
stairwells; Wipe down of parking structure elevators to maintain a clean
appearance.
o Sweep and maintain areas around trash compactors.
o Street furniture to be wiped and cleaned daily (benches, bike racks,
parking meters, mailboxes, and pay phones).
o DBA Clean Team on streets daily, 10am to 4prn (Sun-Thurs) and 1pm to
7pm (Fri and Sat).
• Landscape Program:
O Weed abatement in planters, medians, sidewalks and tree wells.
o Trash and debris will be removed from planting areas.
O Removal and replacement of dead vegetation.
O Trimming of bushes and shrubs.
O Plants and flowers to be provided in planting areas and pots on an
annual basis.
• Graffiti reporting:
o Graffiti is logged and reported immediately to the City Graffiti Removal
Team for removal.
• Paper signs and handbills will be removed.
9Communication & image
• Continued development of marketing partnerships with established and new
downtown business.
• Continued upgrading of new website with greater services, information and
linkage provided.
• Creation and distribution of a new monthly e-newsletter, linked to the new,
upgraded website.
• Partner with the City of Culver City and the downtown business community
to create a festive holiday atmosphere for downtown.
• Produce the annual Holiday Tree Lighting Ceremony with cooperation of the
City and Agency. As a Category 3 organization - established by an MOU for
events — the DBA receives no funding for this event, but is eligible to receive
a specified allocation of City and Agency staff assistance for production and
marketing.
• Work with City and Agency to establish maintenance responsibilities for
year-round Culver Blvd. decorative tree lights (twinkle lights).
Advocacy & Administration
• Employ a full-time Executive Director in order to ensure the successful
management and administration of DBA programs and to provide efficient
and timely communication to the DBA constituency.
• Continue management of the Culver City Downtown Valet Parking Program;
working with City of Culver City Engineering to determine best practices for
a successful program.
• Continue management of downtown maintenance program, including
increased services set forth by the MOU agreement with the City of Culver
City.
• Proactive communication with City on violations of existing codes in relation
to aesthetics and safety of facades and streetscape.
• Continuing coordination between City Sanitation Division and businesses to
improve the district dumpster/trash/recycling issue. Work to include
increasing the quantity of dumpsters and trash receptacles, adding recycling
bins, as well as improving the maintenance of trash compactors and
dumpsters.
• Partner with City of Culver City and other organizations (Culver City
Chamber, Downtown Residents' Association, etc.) on advocacy issues and
initiatives that may impact the quality of life for businesses and all users of
downtown Culver City.
• Continue working with the City to develop additional funding to increase the
maintenance and landscape efforts in downtown.
• Fundraising effort will be explored to continue programs such as the Holiday
Tree Lighting and other programs deemed important to the success of
downtown.• Interacting with the City Finance Department to ensure timely assessment
billing and payment.
• Day to day communication of programs with DBA constituency.Attachment 4
BID ASSESSMENTS 2009
During 2009, there were 126 businesses subject to the BID assessment. Of
these, the assessment was collected from 112 businesses (88%). The total
amount collected was approximately $136,770. The remaining 14 businesses
owe part or all of their assessment(s). If payment is not received after a final
notice, a claim will be forwarded to the City Attorney's Office for consideration
of filing in small claims court.
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Cert ID 56161
ACORD TM
CERTIFICATE= OF LIABILITY INSURANCE
DATE (MM/DD/YYYY)
4/27/2009
PRODUCER
WELLS FARGO OF CALIFORNIA INSURANCE
PO BOX 10660
JACKSONVILLE FL 32247
(866) 972-7378 (800) 455-9611
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION
ONLY AND CONFERS NO RIGHTS -UPON THE CERTIFICATE
HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR
ALTER THE COVERAGE AFFORDED 8Y THE POLICIES BELOW.
INSURERS AFFORDING COVERAGE NAIC #
INSURED
DOWNTOWN CULVER CITY BUSINESS ASSOCIATION
P.O. BOX 1322
CULVER CITY CA 30232
l
INSURER A: MARYLAND CASUALTY 19356
INSURERS:
INSURER C.:
INSURER D:
INSURER E:
COVERAGES
THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING
ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT VVITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR
MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH
POLICIES. AGGREGATE LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. •
IN SR
LTR
• DO
I, R P, A ' I l Lr.0
POLICY NUMBER
POLICY EFFECTIVE
DATE MIADD/YY
POLICY EXPIRATION
DATE MM/DDrYY
LIMITS
GENERAL LIABILITY
COMMERCIAL GENERAL LIABILITY PAS 002304121 4/9/2009 4/9/2010
EACH OCCURRENCE $ 1 000 000
Ell
D A
PREMISES Ea occurence 1,000,000
CLAIMS MADE X OCCUR
I
GEN'L AGGREGATE LIMIT APPLIES PER: $ 2,000,000
PRO-
POLICY JECT X LOC
AUTOMOBILE LIABILITY
ANY AUTO
ALL OWNED AUTOS
SCHEDULED AUTOS
HIRED Auros
NON-OWNED AUTOS
PA5002304121 4/9/2009 4/9/2010
GARAGE LIABILITY
ANY AUTO
EXCESS/UMBRELLA LIABILITY
OCCUR CLAIMS MADE
DEDUCTIBLE
RETENTION $
.
WORKERS COMPENSATION AND
EMPLOYERS' LIABILITY
ANY PROPRIETOR/PARTNER/EXECUTIVE
OFFICER/MEMBER EXCLUDED/
If yes, describe under
SPECIAL PROVISIONS below
-
EL, EACH ACCIDENT $
E.L DISEASE - EA EMPLOYEM $
E.L DISEASE - POLICY LIMIT $
OTHER
DESCRIPTION OF OPERATIONS 1LOCATIONS / VEHICLES I EXCLUSIONS ADDED BY ENDORSEMENT 1 SPECIAL PROVISIONS
PROFESSIONAL AND TRADE / CITY OF CULVER CITY, MEMBERS OF ITS CITY COUNCIL, ITS BOARDS AND
COMMISSIONS, OFFICERS, AGENTS, AND EMPLOYEES ARE DESIGNATED AS ADDITIONAL INSURED WITH REGARDS TO
GENERAL LIABILITY. AS SUBJECT TO THE POLICY TERMS AND CONDITIONS,
CERTIFICATE HOLDER
CANCELLATION
—
SHOULD ANY or THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION
DATE THEREOF, THE ISSUING INSURER WILL ENDEAVOR TO MAIL 3 0 DAYS WRITTEN
CITY OF CULVER CITY - CITY HALL
NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT, BUT FA/LURE TO DO SO SHALL
9770 CULVER BLVD
IMPOSE NO OBLIGATION OR LIABILITY OF ANY KIND UPON THE INSURER, ITS AGENTS OR
REPRESENTATIVES.
CULVER CITY CA 90232
AUTHORIZED REPRESENTATIVE
40,1,1(tAuki
ACORD 25 (2001/08)
ACORD CORPORATION 1988
Page 1 of S
15Attachment 7
CC Downtown Business Association, INC
Balance Sheet
As of March 31, 2009
Mar 31, 09
ASSETS
Current Assets
Checking/Savings
1000 - Cash
1020 • DBA Account - Bank of the West 55,467.31
1090- Petty Cash 200.00
1000 Cash - Other 9.75
Total 1000 Cash 55,677.06
Total Checking/Savings 55,677.06
Accounts Receivable
1200 • Accounts Receivable 102.12
Total Accounts Receivable 102.12
Total Current Assets 55,779.18
Fixed Assets
Fixed Asset
Computer 1,603 03
Fixed Asset Furniture 646.09
Total Fixed Asset 2,249.12
Total Fixed Assets 2,249.12
TOTAL ASSETS 58,028.30
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
2000 - Accounts Payable
12,273.20
Total Accounts Payable
12,273.20
Total Current Liabilities
12,273.20
Total Liabilities
12,273.20
Equity
3000 Opening Bal Equity
4,824.54
3900 • Retained Earnings
28,153.17
Net Income
12,777.39
Total Equity
45,755.10
TOTAL LIABILITIES & EQUITY
58,028.30
i()CC Downtown Business Association, INC
Balance Sheet
As of June 30, 2009
Jun 30, 09
ASSETS
Current Assets
Checking/Savings
1000 • Cash
1020 DBA Account - Bank of the West
1090 • Petty Cash
1000 - Cash - Other
102,853.33
200.00
9.75
Total 1000- Cash 103,063.08
Total Checking/Savings 103,063.08
Accounts Receivable
1200 • Accounts Receivable 102.12
Total Accounts Receivable 102.12
Total Current Assets 103,165.20
Fixed Assets
Fixed Asset
Computer
Fixed Asset Furniture
Total Fixed Asset
Total Fixed Assets
TOTAL ASSETS
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
2000 Accounts Payable
Total Accounts Payable
Total Current Liabilities
Total Liabilities
Equity
3000 • Opening Bal Equity
3900- Retained Earnings
Net Income
Total Equity
TOTAL LIABILITIES & EQUITY
1,603.03
646.09
2,249.12
2,249.12
105,414.32
14,083.32
14,083.32
14,083.32
14,083.32
4,824.54
28,153.17
58,353.29
91,331.00
105,414.32
172:02 PM CC Downtown Business Association, INC
10/27/09
Balance Sheet
Accrual Basis
As of September 30, 2009
Sep 30, 09
ASSETS
Current Assets
Checking/Savings
1000 Cash
1020 • DBA Account - Bank of the West
1090 - Petty Cash
1000 • Cash - Other
91,709.22
200.00
9.75
Total 1000 • Cash 91,918.97
Total Checking/Savings 91,918.97
Accounts Receivable
1200 • Accounts Receivable 102.12
Total Accounts Receivable 102.12
Total Current Assets 92,021.09
Fixed Assets
Fixed Asset
Computer
Fixed Asset Furniture
Total Fixed Asset
Total Fixed Assets
TOTAL ASSETS
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
2000 • Accounts Payable
Total Accounts Payable
Total Current Liabilities
Total Liabilities
Equity
3000 • Opening Bal Equity
3900 Retained Earnings
Net Income
Total Equity
TOTAL LIABILITIES & EQUITY
1,603.03
646.09
2,249.12
2,249.12
94,270.21
11,346.00
11,346.00
11,346.00
11,346.00
4,824.54
28,153.17
49,946.50
82,924.21
94,270.212:03 PM CC Downtown Business Association, INC
10/27/09
Balance Sheet
Accrual Basis
As of October 31, 2009
Oct 31, 09
ASSETS
Current Assets
Checking/Savings
1000 Cash
1020- DBA Account - Bank of the West
1090 • Petty Cash
1000 Cash - Other
Total 1000 • Cash
Total Checking/Savings
Accounts Receivable
1200 Accounts Receivable
Total Accounts Receivable
Total Current Assets
Fixed Assets
Fixed Asset
Computer
Fixed Asset Furniture
Total Fixed Asset
Total Fixed Assets
Other Assets
Prepaid Expense
Total Other Assets
TOTAL ASSETS
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
2000 Accounts Payable
Total Accounts Payable
Total Current Liabilities
Total Liabilities
Equity
3000 • Opening Bal Equity
3900 Retained Earnings
Net Income
Total Equity
TOTAL LIABILITIES & EQUITY
91,759.22
200.00
9.75
91,968.97
91,968.97
102.12
102.12
92,071.09
1,603.03
646.09
2,249.12
2,249.12
-6,000.00
-6,000.00
88,320.21
11,346.00
11,346.00
11,346.00
11,346.00
4,824.54
28,153.17
43,996.50
76,974.21
88,320.212:09 PM CC Downtown Business Association, INC
10/27/09 NP Aging Summary
As of October 31, 2009
Current 1 - 30 31 - 60 61 -90 > 90 TOTAL
AT&T 0.00 0.00 0.00 -10.00 0.00 -10.00
Chrysalis 0.00 11,356.00 0.00 0.00 0.00 11,356.00
TOTAL 0.00 11,356.00 0.00 -10.00 0.00 11,346.002:10 PM CC Downtown Business Association, INC
10127/09 AIR Aging Summary
As of October 31, 2009
Current 1 - 30 31 - 60 61 - 90 > 90 TOTAL
Flavor & Flair 0.00 0.00 0.00 0.00 0.00 0.00
Pomp Home 0.00 0.00 0.00 0.00 0.00 0.00
Starwest 0.00 0.00 0.00 0.00 102.12 102.12
TOTAL 0.00 0.00 0.00 0.00 102.12 102.12