Legislation Details

File #: HIST-1481    Version: 1 Subject:
Type: Historical Status: Public Hearing
In control: City Council Meeting Agenda
On agenda: 12/12/2005 Final action: 12/12/2005
Title: Confirm the Downtown BID program and budget, adopt a Resolution to levy the proposed 2006 BID assessment and extend the term of the BID agreement.
Attachments: 1. DBA Public Hearing PH-1.pdf, 2. PH-1 DBA.pdf
City of Culver City, California City Council Agenda Item Report Meeting Date: 12/12/05 Item Number: PH-1 AGENDA ITEM: Public Hearing to Continue the Downtown Culver City Business Improvement District. Contact Person: Alicia Weintraub Phone Number: (310) 253-5778 Fiscal Impact: Yes [ ] No [X] General Fund: Yes [ ] No [X] Public Hearing: [X] Action Item: [ X ] Attachments: [X] Public Notification: The Resolution of Intention was mailed to businesses in the Downtown Culver City Business Improvement District on November 16, 2005, published in the Culver City News on December 1 and 8, 2005, and posted on the Master Notification List on December 7, 2005 Department Approval: Susan Evans (11/30/2005) CAO Approval: Martin Cole for Jerry Fulwood (12/5/05) City Controller Approval: N/A RECOMMENDATION: Staff recommends the City Council (the “Council”) adopt a resolution to levy the proposed 2006 BID assessment and adopt the recommendations for the 2006 BID Advisory Committee, unless a majority protest is made. PROCEDURE (Noticed Public Hearing): Mayor: Announces that this is the time and place for the hearing of protests or objections to the continuation of the BID. City Clerk: Announces that the Resolution of Intention, which included notice of this public hearing, was published in the Culver City News on December 1 and 8, 2005 and was mailed to all affected businesses. Mayor and Council: Moves to receive and file all affidavits. City Clerk: Announces the number of written protests received and verifies that all protests have been delivered to the Council. Mayor: Calls to the podium those individuals who filed a written protest, who wish to make oral protests or presentations. Staff: Reports on protests received. Mayor and Council: Moves to declare the Public Hearing closed. City of Culver City, California City Council Agenda Item Report If those business/property owners who submit protests pay less than 50 percent of the total assessment to be levied, move to overrule and deny all protests and then consider the adoption of a resolution to levy the 2006 BID assessment; OR If those business/property owners who pay more than 50 percent of the total assessment to be levied submit protests, move to deny the BID for a period of one year. BACKGROUND: The 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 and maintenance of specific improvements. The BID assessment reduces Downtown business dependency on the City and Redevelopment Agency. On November 14, 2005, the Council approved the BID’s 2006 Annual Work Program and Budget, as filed with the City Clerk, and adopted a Resolution of Intention to conduct a public hearing on December 12th. Additional information related to the Annual Work Program and Budget was included in the November 14, 2005, City Council Agenda Item Report, which is attached for review (Attachment No. 1). DISCUSSION: During 2005, the BID reported approximately $106,488 in total BID assessment revenues, Agency Executive Director grant, sponsorship contributions (Culver Hotel and Bank of the West) and carryover funds from 2004. Of the total revenues available, approximately $17,524 were spent on marketing, $27,007 were spent on design, and $44,117 were spent on administration. There is an anticipated carryover of $22,000 for 2006. These funds include remaining accounts receivable, delinquent BID fees, funds allocated for outdoor directories and a small contingency fund. The outdoor directories are anticipated to be completed in early 2006. This is further described in the Downtown Business Association’s (the “DBA”) Quarterly Financial Statements, which are attached for your review (Attachment No. 3). City of Culver City, California City Council Agenda Item Report BID revenues are managed by the DBA in accordance with the Management Agreement between the DBA and the City. The Management Agreement was renewed last year and does not expire until December 31, 2006. The DBA uses BID revenues to implement the Work Program defined in the BID Advisory Board’s Annual Report (the “Report”). The 2005 Report is attached for your review (Attachment No. 2). The DBA’s responsibilities are fully described in the Management Agreement, which has been attached for your review (Attachment No. 4). Staff has identified the following issues that require discussion: protest of the proposed assessment, appointment of BID Advisory Board members, and renewal of the Business Improvement District Management Agreement. Protest of the Proposed Assessment State Law [Streets and Highways Code Section 36525.(a)] states: “If written protests received from the owners of businesses in the proposed area which will pay 50 percent or more of the assessment proposed to be levied and protests are not withdrawn so as to reduce the protests to less than that 50 percent, no further proceedings to create the specified parking and business improvement area or to levy the proposed assessment, as contained in the Resolution of Intention, shall be taken for a period of one year from the date of the finding of a majority protest by the Council.” BID Advisory Board Membership State law requires the Council to appoint a BID Advisory Board, which is responsible for compiling the Report. The Report identifies how BID assessment revenue will be spent, proposed improvements and activities, the classification of businesses, the method and basis of levying assessments, and other matters the Advisory Board deems appropriate. The BID Advisory Board members for 2005 were Ken Chernus (Ken Chernus Studios/Property Owner), Jennie Cook (Double Dutch Dinette/Business Owner), Susan Obrow (Kirk Douglas Theatre), Jim Rodriques (Santa Maria BBQ/Business Owner) and Andrew Weissman (Attorney at Law/Business Owner). The DBA recommended the following BID Advisory Board Members for 2006: 1) Andrew Weissman/Attorney at Law-Business Owner 2) Kamaren Henson/Wonderful World of Animation-Property Owner 3) Greg Reiner/The Actor’s Gang-Business Representative 4) Jim Rodriques/Santa Maria BBQ-Business Owner City of Culver City, California City Council Agenda Item Report 5) Gerald Weiner/Attorney-Business Owner As part of the Management Agreement that the City has with the DBA, all members of the BID Advisory Committee must be in good standing with the City, Redevelopment Agency and BID in terms of business tax payments, BID assessments, refuse billing and Redevelopment Agency debt agreements. After a review by the City Treasurer’s Office, it appears that none of these individuals show any record of debt to the City, Redevelopment Agency, or BID. The Council may appoint these members and/or appoint new members to the BID Advisory Board. FISCAL ANALYSIS: In 2006 the BID assessment total is estimated to be approximately $65,000, which will be used to fund marketing ($18,800), holiday decorations ($7,930), and administration/other expenses ($38,000). ATTACHMENTS: 1. November 14, 2005 City Council Agenda Item Report; 2. 2005 Annual Work Program and Budget (Approved by the Council on November 14, 2005); 3. DBA Quarterly Reports; 4. Management Agreement ; 5. Resolution to levy the proposed assessment; 6. Internal Revenue Service tax-exempt certification; 7. DBA Certificate of General Liability Insurance; and 8. BID Advisory Board Recommendations 2006. MOTION: IF THERE IS NOT A MAJORITY PROTEST THAT THE CITY COUNCIL: 1. Adopt a resolution to levy the proposed 2006 BID assessment; City of Culver City, California City Council Agenda Item Report 2. Appoint Andrew Weissman/Attorney at Law-Business Owner, Kamaren Henson/Wonderful World of Animation-Property Owner, Greg Reiner/The Actor’s Gang-Business Interest , Jim Rodriques/Santa Maria BBQ-Business Owner, Gerald Weiner/Attorney-Business Owner OR, IF THERE IS A MAJORITY PROTEST THAT THE CITY COUNCIL: 1. Approve a finding that protests have been received from the owners of businesses in the proposed district who will pay 50 percent or more of the assessment proposed to be levied, and no further proceedings to continue the Downtown Culver City Business Improvement District shall be taken for a period of one year from the date of this meeting. MEETING DATE 12/12/05 AGENDA ITEM Public Heanng to Continue the Downtown Culver City Business Improvement Distnct and Adopt the Recommendations for the 2006 BID Advisory Committee ATTACHMENTS Pages|109| November 14, 2005 City Council Agenda Item Report, 1-7|109| 2005 Annual Work Program and Budget 8-12 (Approved by the Council on November 14, 2005),|109| DBA Quarterly Reports, 13-19|109| Management Agreement, 20-30|109| Resolution to levy the proposed assessment, 31-33|109| Internal Revenue Service tax-exempt certification, 34-35|109| DBA Certificate of General Liability Insurance, and 36-38|109| BID Advisory Board Recommendations 2006 39(2+1+CtGirvw2A-of- City of Culver City, California NO1. 1 City Council Agenda Item Report Meeting Date 11/14/05 Item Number 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 0 No [X] General Fund Yes 0 No 0 Public Hearing 0 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 29th, November 4th and November 11th and the Master Notification List received notice on November 9 2005 Department Approval Susan Evans 10/24/05 CAO Approval City Controller Approval N/A RECOMMENDATION ) approve the Downtown Culver ) Advisory Committee's annual Work and adopt a Resolution of Intention 12, 2005 for the continuation of the to levy assessments on themselves public events decoration of public installation or maintenance of specific businesses to be more self reliant of Culver City (the 'City ) and Culver ) Downtown Business Association (the Agreement between the DBA and the the DBA to maintain tax-exempt maintain one million dollars of General and budget updates to the progress toward completing their documents insurance and quarterly Nos 4 5, 6 and 7) That the Culver City City Council (the Council City Business Improvement District ("BID Program and Budget for 2006 (the "Report"), to conduct a Public Hearing on December Culver City Downtown BID BACKGROUND A BID provides a mechanism for businesses for the promotion of business activities and places and the acquisition, construction, improvements The BID allows Downtown which reduces their dependency on the City City Redevelopment Agency (the Agency The BID Work Program is managed by the "DBA ) in accordance with a Management City The Management Agreement requires status with the Internal Revenue Service, Liability insurance, and submit quarterly reports Community Development Director describing approved work program The DBA s Tax reports are attached for your information (AttachmentCity of Culver City, California City Council Agenda Item Report 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 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)City of Culver City, California City Council Agenda Item Report • 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 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 3City of Culver City, California City Council Agenda Item Report 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 appropnat events • Continuation of Pacific Theatre s On-Screen slide program promoting the Downtowr 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 Barns Culver City Custom Car Show in collaboration with the Exchange Club of Culver City • Assistance in proactive recruitment of desirable 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 in key areas of the Downtown district Establish ongoing maintenance program and annual updating of information in directoriesCity of Culver City, California City Council Agenda Item Report • 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 • 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 5City of Culver City, California City Council Agenda Item Report 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 Martial Art Studios, Health Studios Hair Salons $1000 (>25,000 sq ft ) TYPE E Commercial Rentals <5,000 sq ft $ 500 5 001-15 000 sq ft $ 750 ACity of Culver City, California City Council Agenda Item Report 15,001-25,000 sq ft $1,000 25 001-35 000 sq ft $1,250 >35,001 sq ft $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 4th Quarter Accounts Payable and 6 DBA quarterly financial statements 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 Pikir -Vr\ Nal+ (VO 2 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 St, eets and Highways Code Section 36533 The Advisory Committee does not propose any changes to the Advisory Committee structure nor to the boundanes 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 hsted $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 SqFt $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 3The Advisory Board proposes the following Work Program for 2006 MARKETING/PROMOTION Continuation of the Culver Cal d 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 in all media Continue to create additional cooperative marketing partnerships with established and new Downtown business as opportunities arise Increase community activities m District that serve the needs and provide entertainment to Culver City residents while promoting and benefittmg Downtown businesses In addition to annual Holiday Lighting Event utilmation 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 desireable tenant businesses for our Downtown property owners DESIGN/IMPROVEMENTS Outdoor directory program. m partnership with the Redevelopment Agency designing purchnsing and mstallmg 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 hghtmg 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 Samtahon Division and businesses on use and maintenance of new trash compactors Encourage business and property owners to continue to improve facades|1010|toMore proactive commumcation 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 estabhshment of PBED 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 charitable opportunities tied to Downtown event programming to benefit local non profit organizations 5( ) 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 **Salanes (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 Account1)-A-lachru,4 N01 3 56 PM 08/05/05 Accrual Basis CC Downtown BID Profit & Loss January through March 2005 Ordinary Income/Expense Income 4000 Income 4080 Reimbursed Expenses 4081 Contract Labor 4085 Other Jan 10|1010|Mar 05 000 00 000 00 Total 4080 Reimbiirsed Expenses _ 12 000 00 4091 Interest Income 1 70 Total 4000 Income 12 001 70 Total Income 12 001 70 Expense Void 0 DO 5000 Marketing and Promotion Expense 5300 Printed Marketing Materials 5313 Culver Cards 3 047 10 Total 5300 Printed Marketing Matenals 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 6000 Design and Improvement Expense 6100 Holiday Ornaments 7 57 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 Liability 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 8600 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 -5971 51CC Downtown BID Balance Sheet As of March 31, 2005 ASSETS Current Assets Checking/Savings 1000 Cash Mar 31 05 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 LIABILITIES & 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 13 630 32 -3 46 PM CC Downtown BID 08/04105 Profit& Loss Accrual Basis April through June 2005 Ordinary Income/Expense Income 4000 Income 4010 Bid Income 4080 Reimbursed Expenses 4081 Contract Labor 4085 Other Apr — —|1010|Jun 05 53 179 80 500 00 250 00 Total 4080 Reimbursed Expenses 7 750 00 4091 interest income 1 83 Total 4000 Income 60 931 63 Total Income 60 931 63 Expense 5000 Marketing and Promotion Expense 5200 Promotional Events 5213 Fiesta La Ballona 1 000 00 5216 Summer Sunset 2 500 00 Total 5200 Promotional Events 3 500 00 5300 Printed Marketing Materials 5311 Maps 920 00 5313 Culver Cards 488 65 5300 Printed Marketing Materials Other 777 94 Total 6300 Printed Marketing Materials 2 186 59 5400 WebsIte 6411 Websit,e Maintenance 865 00 Total 5400 Weblike 865 00 6500 Other Marketing Expenses 6510 Marketing Supplies 61 87 5500 Other Marketing Expenses Other 800 00 Total 5500 Other Marketing Expenses 861 87 Total 5000 Marketing and Promotion Expense 7 413 46 8000 Administration Expense 8012 Contract Labor 9 000 00 8400 Office Expenses 8430 Postage and Delivery 8470 Office Supplies 8480 Rent|1010|33 29 19 8482 Office Rent 730 00 8483 PO Box Rental 24 00 8480 Rent Other 730 00 Total 8480 Rent 1 484 00 Total 8400 Office Expenses 1 518 48 8460 Parldng 152 00 8500 Professional Fees 8510 Accounting 250 00 Total 8500 Prrifesslonal 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 69 Is4 07 PM CC Downtown BID 08/06/06 Balance Sheet Accrual Basis 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 Total 1000 Cash Total Checking/Savings Accounts Receivable 1200 Accounts Receivable Total Accounts Receivable Total Current Assets Fixed Assets 1700 Fixed Asset 1701 Furniture & Fixtures 1702 Computer Equipment Total 1700 Fixed Asset Total Fixed Assets TOTAL ASSETS LIABIUTIES & EQUITY Liabilities Current Liabilities Other Current Liabilities 2600 Fraud Total Other Current Liabilities Total Current Liabilities Total Liabilities Equity 3000 Opening Balance Equity 3100 Retained Earnings Net Income Total Equity TOTAL LIABILMES & EQUITY 1., 50 928 43 200 00 51 128 43 51 128 43 2 500 00 2 500 00 53 628 43 466 55 1 603 03 2 069 58 2 069 58 66 698 01 -43000 -43000 -43000 -430 00 3 367 79 16 134 04 36 626 18 56 128 01 66 898 01 ( k2 18 PM 10/18/05 Cash Basis CC Downtown BID Profit & Loss July through September 2005 Jul Sep 05 Ordinary Income/Expense Income 4000 Income 4010 Bid Income 8 551 94 4080 Reimbursed Expenses 4081 Contract Labor 2 500 00 Total 4080 Reimbursed Expenses 2 500 00 4090 Miscellaneous Income 4091 Interest income 113 Total 4090 Miscellaneous Income 1 13 Total 4000 Income 11 053 07 Total Income 11 053 07 Expense 5000 Marketing and Promotion Expense 5200 Promotional Events 5215 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 5509 Other Marketing Expenses 438 27 Total 5000 Marketing and Promotion Expense 1 118 27 6009 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 37 00 8440 Printing and Reproduction 250 92 8470 Office Supplies 160 42 8480 Rent 8482 Office Rent 2 190 00 Total 8480 Rent 2 190 00 Total 8400 Office Expenses 2 638 34 8450 Parking 183 00 8500 Professional Fees 8510 Accounting 125 00 Total 8500 Professional Fees 125 00 8700 Taxes 8710 Franchise Tax Board 10 00 112 18 PM CC Downtown BID 10/18/05 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 4CC 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 1090 Petty Cash Total 1000 Cash Total Checking/Savings Accounts Receivable 1200 Accounts Receivable Total Accounts Receivable Total Current Assets Fixed Assets 1700 Fixed Asset 1701 Furniture & Fixtures 1702 Computer Equipment Total 1700 Fixed Asset Total Fixed Assets TOTAL ASSETS LIABILITIES & EQUITY Equity 3000 Opening Balance Equity 3100 Retained Earnings Net Income Total Equity TOTAL UABILITIES & EQUITY 45 936 04 200 00 04 46 136 46 136 5 500 04 00 5 500 00|1010|51 636 646 09 603 03 04 12 2 249 2 249 12 53 885 16 5 867 16 134 31 883 79 04 33 53 885 16 53 885 16 19 ,t.....", ,,,-....... Ldontract No 2004-241 I BUSINESS IMPROVEMENT DISTRICT MANAGEMENT AGREEMENT This Agreement is entered into by and between the CITY OF CULVER CITY, a municipal corporation organized and existing under and pursuant to its Charter and the Constitution of the State of California (hereinafter City') and the CULVER CITY DOWNTOWN BUSINESS ASSOCIATION, INC a California nonprofit mutual benefit corporation organized and existing under and pursuant to the laws of the State of California (hereinafter "CCDBA") with reference to the following facts RECITALS A Following properly noticed and publicly held meetings and hearings City Council has continued a Business Improvement Area to be known as the Downtown Culver City Business Improvement District (hereinafter 'District') pursuant to Section 36500 et seq of the California Streets and Highways Code (hereinafter 'Act"), by and through the adoption of Ordinance No 2000-026 on December 11, 2000 (the Ordinance ) B Pursuant to the Ordinance and enabling law benefit assessments have been levied upon the various classes of businesses located within the District C Such assessment levied and collected by City shall be used only for the purposes set forth in the Ordinance D The services to be performed by CCDBA contribute to the economic and promotional well being of the community E The City Council of City has determined the public interest, convenience and necessity require the execution of this Agreement to provide the service to be provided by CCDBA NOW THEREFORE City and CCDBA in consideration of the recitals mutual promises covenants representations and agreements set forth below hereby promise covenant agree and represent as follows Section 1 TERM OF AGREEMENT 11 This Agreement shall be effective from January 1, 2005, through December 31, 2006, unless terminated sooner pursuant to the terms hereof Obligations or expenditures for items not budgeted shall not be paid through assessments collected for the District Parip 1 ),0contract No 2004-241 I 1 2 CCDBA may terminate this Agreement in advance of the expiration of the term for cause by giving sixty (60) days written notice to City Such termination shall be effective on the sixty-first (61st) day after mailing of such notice 1 3 City may terminate this Agreement in advance of the expiration of the term without cause, by giving sixty (60) days written notice to CCDBA Such termination shall be effective on the sixty-first (61st) day after mailing of such notice Section 2 CCDBA RESPONSIBILITIES 2 1 CCDBA shall render professional services and shall utilize and cooperate with, the Community Development Director or her/his designee to provide work program coordination consisting of project development and implementation, program administration and plans and reports 2 2 CCDBA shall submit to the Community Development Director project plans and reports including the following 2 2 1 Before the implementation of any project or expenditure of project funds submit a project plan as described further under items 2 2 2 and 2 5 below 2 2 2 By the 30th day of the first month of each quarter, beginning April 30, 2005, submit a quarterly progress report, outlining the progress of the several projects in relation to the proposed project schedules This report will be provided with each quarterly or periodic request for disbursement or reimbursable advance 2 2 3 By October 1, 2005, submit a report outlining the project plans goals and budget for the ensuing fiscal year, January 1 to December 31 2006 including all documentation as required by Section 36533 of the Act, as well as all other pertinent provisions of the Act as amended 2 2 4 By March 30 2005 CCDBA shall submit to the Community Development Director a statement of income and expense of CCDBA covering the period from January 1 to December 31 2004, certified by an independent Certified Public Accountant CCDBA responsibilities pursuant to this Paragraph 2 2 shall be in conformance with reasonable standards to the sole reasonable satisfaction of the Community Development Director PnrIP 9 d)uontract No 2004-241 I 2 3 CCDBA shall administer the entire work program in a prudent manner within the budget attached hereto and made a part hereof as Exhibit A CCDBA assumes responsibility for contracting for support services as required and paying for all such direct out-of-pocket expenses as may be necessary for the timely completion of work Obligations or expenditures for items not budgeted shall not be paid through assessments collected for the District 2 4 CCDBA shall maintain ongoing liaison with the community, which shall include holding an annual public meeting to be noticed in writing to all assessed business establishments in the District This meeting will be conducted in the community in order to allow the business establishments to familiarize themselves with CCDBA functions and to inform CCDBA of their concerns and desires A representative of the Community Development Director s office may attend as a member of the panel to provide information as required 2 5 In addition to an annual work program and for each project to be implemented CCDBA may choose to submit for the Community Development Director's approval a focused project plan, including a project budget and proposed project schedule Each project shall be implemented within the budget amount specified If the budget amount for any project is not sufficient, CCDBA has the authority to make reasonable budget adjustments between several projects as necessary, not to exceed twenty-five percent (25%) of each project total budget The projects shall be as follows in no order of priority 2 5 1 Commercial Marketing CCDBA shall develop a general commercial marketing program, which may include such items as a public relations campaign, institutional advertising, a community newsletter, and a business directory and member mailing list of all businesses in the District 2 5 2 Special Events and Activities CCDBA shall develop and carry out an annual program of special events and activities, which may include such items as street fairs carnivals, circuses, farmers market and other sales and promotional activities 2 5 3 Beautification CCDBA may develop and implement a physical beautification program which may include items such as special event banners ParipContract No 2004-241 I and flags holiday lighting and decorations and other area wide amenities as appropriate 2 5 4 Other CCDBA shall provide for other organization related services functional duties and expenses such as insurance, bookkeeping/accounting printing postage, office supplies, equipment and utilities as appropriate 2 6 CCDBA shall maintain tax-exempt status with the United States Internal Revenue Service and the California State Franchise Tax Board for the term of this Agreement CCDBA shall provide documentation of such status to the City Treasurer prior to the disbursement of any funds to CCDBA pursuant to this Agreement 2 7 CCDBA shall recommend to the City Council for appointment CCDBA members who will act as a Business Improvement District Advisory Board This committee shall be named the CCDBA BID Advisory Board Committee Members of this committee shall be limited to representatives of businesses that are within the District and are subject to the assessments Members shall be in good standing with the District and shall be current in regard to Culver City Business Tax, or any other debts to CCDBA District or City 2 8 CCDBA and subcontractors and consultants if any shall be required to obtain all necessary documentation including, but not limited to, any and all certificates, licenses and permits required to do business in City A list of said subcontractors and consultants shall be submitted to the City Treasurer on a quarterly basis, commencing April 1, 2005 2 9 CCDBA shall pay to City all standard City fees including, but not limited to, fees or service charges for photocopy and reproduction requests and generation of real property parcel or business ownership lists, as applicable 2 10 CCDBA understands and acknowledges that the CCDBA BID Advisory Board Committee will be subject to all State and City laws and regulations relating to government entities' conflict of interest, open meetings and public records and hereby agrees to comply with all such laws and regulations Section 3 CITY RESPONSIBILITIES 3 1 City shall be responsible for mailing billings, for collecting the assessment and for authorizing disbursements of funds collected to CCDBA Paruz 4 D3Panp Contract No 2004-241 I 3 1 1 Refunds and Adjustments The City Treasurer shall reserve the right to retain a sum equal to the amount of assessments known to be in dispute for a period of forty-five (45) calendar days after the close of the fiscal year ending on December 31 2004 as a contingency fund for the processing of valid claims for refunds or adjustments submitted to City by business establishments within the District City s standard policy for processing claims for refunds or adjustments shall apply 3 2 The Community Development Director shall review CCDBA's quarterly reports 3 3 Certain types of information obtained and possessed by City including but not limited to, certain tax data have been determined to be confidential information by the City Attorney and will not be made available to CCDBA Notwithstanding, the City Treasurer's Office shall inform CCDBA when a new business enters the District This shall occur each quarter The list shall include a method by which CCDBA may contact a new business 3 4 City recognizes the CCDBA BID Advisory Board Committee as the BID advisory board within the meaning of that term as referenced in Section 36530 of the Act Section 4 DISBURSEMENTS 4 1 An amount proportionate to the total amount collected shall be disbursed to CCDBA by the City Treasurer's Office, not to exceed the total budget as approved by the City Council less two percent of the total assessment to cover City expenses If CCDBA dissolves itself prior to or upon the expiration of this Agreement any unexpended monies shall be returned to the City Treasurer 4 2 On or before May 20 th and July 20 th of each year the City Treasurer's Office will inform the Culver City Redevelopment Agency's Assistant Executive Director of all assessment and penalty payments received by the immediately respectively preceding April 30 and June 30 The City Treasurer will also inform the Assistant Executive Director of the amounts in the BID assessment and penalty accounts within thirty (30) City business days after moneys within those accounts exceed Five Hundred Dollars ($500 00) The Assistant Executive Director, upon receipt of any of the forgoing information, can then request the City Treasurer's Office to disburse such assessments and penalties to CCDBA through City's standard disbursement processing proceduresContract No 2004-241 I 4 3 By the thirtieth (30th) day of the first month of each quarter, CCDBA shall submit in duplicate a quarterly report to the Community Development Director specifying Such report shall 1 Include the quarterly progress report including supporting documentation of expenditures incurred in the previous quarter and an itemized request for disbursement for the current quarter 2 Contain a statement by CCDBA certifying CCDBA staff time, if any, expended and payment requested is for services performed in accordance with the provisions of this Agreement 44 By the thirty-first (31st) day of July and prior to assignment of a delinquency for collection, the City Treasurer's Office will provide a list of delinquent businesses, as of the immediately preceding June 30 th, to Agency s Assistant Executive Director for follow-up by her/him, as she/he deems appropriate Such assignment for collection will not occur sooner than thirty (30) City business days after submission of the list to Agency's Assistant Executive Director- Section 5 NOTICES 5 1 Notices to the parties shall, unless otherwise requested in writing, be sent to City City of Culver City Office of the Community Development Director Attention Susan Evans, Community Development Director 9770 Culver Boulevard 3 rd Floor Culver City, CA 90232-0507 CCDBA Downtown Culver City Business Association Attention President P0 Box 1322 Culver City CA 90232 Section 6 OWNERSHIP OF DOCUMENTS 6 1 The work product prepared or acquired by CCDBA pursuant to this Agreement including but not limited to, any and all data documents, memoranda, sketches, drawings photographs, audio tapes video tapes, computer disks designs plans, reports, investigations and materials (collectively and individually the Work Product ) shall be and shall remain property of City and the District for the exclusive use of the District CCDBA shall have the right to retain copies of the Work Product CCDBA PPrIPContract No 2004-241 I acknowledges that the Work Product shall be and shall remain confidential to the extent permitted by law and shall not be made available to any individual or organization without the prior written consent of City The Work Product shall upon demand of City, be delivered to City without additional cost or expense to City Section 7 CONFLICT OF INTEREST 7 1 For the duration of this Agreement, CCDBA or its employees will not act as consultant or perform services or any kind for any person or entity in regard to the District without the prior written consent of City In addition, neither members of the Board of Directors of CCDBA nor paid staff, if any, may enter into any contract on behalf of CCDBA nor vote on any District matters when such contract or matter would be of financial benefit to the member of the Board of Directors over and above the general financial benefit to all businesses in the District Section 8 COST RECORDS 8 1 In accordance with generally accepted accounting principles, CCDBA shall maintain full and complete records of services performed under this Agreement Such records shall be open to the inspection of City and shall be kept for a 5-year period in case of audit 8 2 The records maintained by CCDBA shall include all receipts for expenditures incurred City reserves the right for the Community Director to perform a contract compliance audit at any time during the fiscal year CCDBA agrees to keep all receipts and other supporting documents available for inspection during said audits Section 9 EQUAL OPPORTUNITY PROGRAM 9 1 Nondiscrimination and Affirmative Action CCDBA shall comply with the applicable nondiscrimination and affirmative action provisions of the laws of the United States of America, the State of California and City In performing this Agreement, CCDBA shall not discriminate in its employment practices against any employee or applicant for employment because of such person's race, religion, national origin, ancestry, sex, sexual orientation, age, physical handicap marital status or medical conditions Section 10 AMENDMENTS 10 1 City periodically may request change in the scope of services to be performed hereunder Such changes, which are mutually agreed upon by Pnrip 7 afoContract No 2004-241 I and between City and CCDBA shall be incorporated in written amendments to this Agreement 102 This Agreement may not be amended except in writing by mutual agreement of both parties A failure to object to a breach of this Agreement shall not constitute an amendment thereof nor shall it waive any future breach of this Agreement Section 11 INSURANCE 11 1 Without limiting its obligations pursuant to Section 12 of this Agreement, CCDBA shall submit proof of Comprehensive General Liability insurance of minimum One Million Dollars ($1,000,000) single limit coverage, or statutorily required amounts, whichever is greater Proof of insurance shall consist of a Certificate of Insurance and City's Special Endorsement Form attached hereto as Exhibit "B,' executed by CCDBA's insurer in amounts satisfactory to, and in a form approved by the City Attorney Section 12 INDEMNITY 1 12 1 Except for the active negligence or willful misconduct of City, CCDBA undertakes and agrees to defend, indemnify and hold harmless City the CCRA and each of their officers, agents, employees, assigns and successors in interest from and against all suits and causes of action claims losses demands and expenses including but not limited to attorney s fees and cost of litigation damage or liability or any nature whatsoever, for death or injury to any person, including CCDBA's employees and agents, or damage or destruction of any property of either party hereto or of third parties arising in any manner by reason of the acts, errors omissions or willful misconduct incident to the performance of this Agreement by CCDBA or its subcontractors of any tier City does not waive any rights against CCDBA which it or the CCRA may have by reason of the above hold-harmless clause due to the acceptance by City of insurance policies described herein In the event CCDBA, City and/or CCRA are sued by a third party for damages caused or allegedly caused by of CCDBA or by a dangerous condition of City s or CCRA s property created by CCDBA or existing while the property was under the control of CCDBA, CCDBA shall not be relieved of its indemnity obligation to City or CCRA by any settlement with any such third party unless that settlement includes a full release and dismissal of all claims by the third party against City or CCRA Section 13 ASSIGNMENT Panp R alr -, Contract No 2004-241 I 13 1 CCDBA covenants and agrees it will not assign or transfer its rights under this Agreement, either in whole or in part, without first obtaining the written consent of City which consent may be granted or denied at the sole and absolute discretion of City Any attempt by CCDBA to assign or transfer its rights or obligations without such prior written consent shall be null and void and may at the option of City, automatically terminate this Agreement Section 14 ASSETS OF THE DISTRICT 14 1 In the event the District is disestablished or otherwise discontinued then the existing assets of the District shall be the property of City However, said assets shall only be used (1) to pay City any outstanding sums due to it by the District and (2) to disburse the remaining assets after payment to City by the then current members of the District on a pro-rata basis Section 15 ATTORNEY FEES 15 1 If any action is brought in law or equity to enforce or interpret the provisions of the Agreement then the prevailing party shall be entitled to reasonable attorney fees in addition to any other relief to which it may be entitled Section 16 SEVERABILITY 16 1 If any clause, provision, or section of the Agreement shall be ruled invalid by any court of competent jurisdiction, then the invalidity of such clause provision or section shall not affect any of the remaining provisions hereof Section 17 WAIVER 17 1 Waiver by either party of any breach of any term, covenant or condition herein contained shall not be deemed a waiver of such term covenant or condition or any subsequent breach of the same or any other term, covenant or condition herein contained Section 18 SECTION HEADINGS 18 1 The section headings of the Agreement are for convenience and reference only and shall in no way be deemed to define, limit or add to the meaning of any provision of the Agreement Section 19 GOVERNING LAW/COMPLIANCE WITH LAWS 19 1 The Agreement shall be governed by and construed in accordance independent with the laws of the State of California The parties hereto Pari g. q a\. .Contract No 2004-241 I agree to be found by all federal state and local laws, ordinances regulations and directives pertaining to the services to be performed hereunder All disputes arising hereunder shall be resolved n Los Angeles County Section 20 COUNTERPARTS 20 1 The Agreement may be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument diBy STEVEN J RO , Mayor APPROVED AS TO FORM 7Aj CAROL SCHWAB City Attorney City Controller Community Dev Director Parip 11 Contract No 2004-241 I Section 21 EXTENT OF AGREEMENT 21 1 The Agreement represents the entire and integrated agreement between City and CCDBA and supercedes any and all prior negotiations, representations or agreements either oral or written IN WITNESS WHEREOF, this Agreement is executed by the CITY OF CULVER CITY acting by and through its Mayor and the CULVER CITY DOWNTOWN BUSINESS ASSOCIATION acting by and through its President and Vice- President or Secretary 2004 CITY OF CULVER CITY a municipal corporation of the S - forma Date ATTEST CHRISTOPHER ARMENTA City Clerk bLit g-(1 VA ( APPROVED AS TO CONTENT APPROVED AS TO FINANCING CULVER BUSIN Date t 2004 By DOWNTOWN IATI N President Date , 2004 By ItsRESOLUTION NO 2005-R A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CULVER CITY, CALIFORNIA, CONFIRMING THE BUSINESS IMPROVEMENT DISTRICT ADVISORY BOARD'S ANNUAL REPORT AND THE LEVY OF THE DOWNTOWN CULVER CITY BUSINESS IMPROVEMENT DISTRICT ASSESSMENT FOR 2006 WHEREAS, the Parking and Business Improvement Area Law of 1989 (California Streets and Highway Code §§36500 et seq ) (the BID Law") authorizes cities to establish parking and business improvement areas for the purpose of imposing assessments on businesses for certain purposes, WHEREAS, on December 11, 2000, the City Council approved and adopted Ordinance No 2000-027 that repealed Ordinance No 98-011 and established revised regulations by which the Downtown Culver City Business Improvement District (the District ) was to operate WHEREAS, pursuant to the agreement between the City and the Downtown Business Association the Culver City Business Improvement District Advisory Committee shall be designated by the City Council as the Advisory Board required by the BID Law, WHEREAS, on November 14, 2005, the City Council of the City of Culver City (the Council ) approved the District's Annual Report (work program and budget), prepared by the Culver City Business Improvement District Advisory Committee (the 'Committee ) and established December 12, 2005 as the date for a public hearing to continue the District, and WHEREAS, on December 12, 2005, after conducting a duly noticed public hearing the Council confirmed the Committee s Annual Report and, after determining there I|1010101010101010 10 10|11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 (jam) - 1was no majority protest decided to continue the Downtown Culver City Business Improvement District, and WHEREAS, Section 9 c of Ordinance No 2000-027, requires the adoption of this resolution in order to levy assessments for the subject calendar year NOW, THEREFORE, the City Council of the City of Culver City, California, DOES HEREBY RESOLVE as follows|109| The Council hereby determines there was no majority protest|109| The Council hereby establishes the assessments shall be applied to businesses located within the boundaries of the District, in classifications and amounts set forth in Exhibit A," which is attached hereto and incorporated by reference as though fully set forth herein|109| This resolution shall become effective upon signature APPROVED and ADOPTED this day of 2005 ALBERT VERA, MAYOR City of Culver City California ATTEST APPROVED AS TO FORM CHRISTOPHER ARMENTA, City Clerk CAROL A SCHWAB, City Attorney A04 00961 -2- 3D|101010101010101010 10 10|11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 (jam)I -------- w unwept* PROPOSED DOWNTOWN CULVER CITY 13USINES' DROVEMEN1 DIS MCI -mirEge/t CLIOBE 12Pw92.!-.SLI. e• Exhibit A1999 01 47PM 5i364 E a P Mitla pti_o dyko Ho b 0EPAit imorr or TES ?RUMMY • Employer Identuricati on Number 9s.4604449 Dis4 119003024 Contact Person inCTORIA IDS 31304 Contact TelOhofte Wurobrif-:- 3z) e7257 871) tat-sot Interne/ Revenue Coda Section 501(e)(4) Acoouhtiel Period todlno July Rim 296 Regozred yes Addendum ApplInet EC VI-1Q9Q USD ( REVENUE SERVICE, T DIRECTOR sOX 2808 tINuATI OH 46201 ea 2 IN al oR CITY DOWNTawm augINESS SOCIATION INC SOX 1323 VER CITY CA na212 irApplicent Emoted on informatOn supplied, and assusung your operataone ex11 be as kttbd IA your applicatfoa for recognution of estsapta,Ceis we halm ftutemitmd a are exempt from Padfral itseente taX under section wi(al of the Internal venue *As au An cegafixation described um the section indusermAtabove Unless speeificaily excepted, you are lxahls for tames under the Federal suranes ContributionalAct !metal Security taxes) for each employee to whom u pay $100 or more &leaps saleudaryear And unless excepted. you are liable for tea =War the Federal Unemployment Tax Act far each aaploYee on you pay MI or more thrth t ealender quarter if, during the current fremeds.rsg calendar yirier, you had cm or more employeen at any time ul each. 20 calendar weeks oiru paid wages of $1.,set cat *art in aey calendar tarter If you have Questions about excuse ' emPlaPment , or emitter reders1 amo please address them to thie office If VOUr SOUree. oA support, or your purposes character, or method of ssreetien chan ge. Ploasie Left us knew so we eau =wider the *fleet of th6 unale4 on your exempt 4tatue In the ease of an smentment to ycar Oggana2A- 6011.11 document or by1 awe please sand us a ocri of the aded doonneht Or /lawn AISO, you ihOdld inform US el all enemas in your niche or address re the beedimg of this letter we have tailgated whether yen must file 1160A 90 Return of emipoxiasittlon lexenpt Prom Income Tax If Yes is indicated you re ru ire& to L1 Cis 990 only if your groes receipts each you ere °Mal y more than #25 000 whoever if you receive a Worm 990 naoksas in the ail please file the torn even if you do not examdtbs snot* receipts test f you are not requre4 to Me, amply etteohvbe label prneLded, cheek MO .ox in the hamming to r4icate that YOUr annual gross receipt* are normally 2$ 000 or leee end riga the return If a return isrpnir.d, it must be filed by the iSta day Of the fxfth tenth after the and of I your =mei accoUnting Period, A penalty of $20 a day charged when a roma= us tiled lets, unless there la reesonable cause for he delay Rewever the maidaum penalty charged esmast emceed $10,006 or 6 7' Letter 94s U>DtC311+=ea.|1010|)0 -1999 12 51 EPEO Si3 694 6939 P kr.,01 • -2- ER CITY DOWNTOWN RUpTESS ent of your groom nice:4U for the year, Vexchever is Xeag rev umisations with gruei redeipte exceed:nog $1,000,000 La any year. the ilty le $100 per daylper return, unless there i* reasonable cause tor the Ly The maxsaus penalty for as o ggaratatialt with gram receipt* 'mope-din-0 Mt 000 shell not ex4sed ro0,000 This penalty ray also be charged if a Irn Is not compete,Ima pima be sure your return is complete before you it You are not required to fsle radar-al income tax returns unless you ard lect to the tax on unrelated businesa income under aert im 511 of the code 19011 are subject to this ter, yea must file an intone tax return on Form T, Exempt Organiza4on nosiness Inotee Tax Return DI thie Uttar we are determining Whether any of your present or preposed aotiwitlea are unre. wd trade or Susi:as/solute defined in section %13 of the Coda You are required tpt wake your annual return available for public ?action fee three mere after the return is due. YOU are also required sake available eepr of your exesptaos apaioation, erY emPlbortzolt ameots, and tha.s extioe letter Failure to sake thee& documents aehle for publicipctioo say subJeCt you to a penalty of $20 par day day there is a faiture to comply (up to a maxim= of $10.000 it that cane an annual return) ou need an employer sdentiftextbmInncher even if YOU heVe no anplOYeen eMployst identifiloation number was not enterod on your epplacetiOn umber will be spawned to you end you will be advised of it 9164,6 net t number on all rstdrns you file and in all correspondence el.th the Interne &nue Servits 1 It we have indlcatat the beading of tbus letter that an addondum lies, thm ancloeed addendum ie an LemagraL part of thie letter $410esee this latter could help resolve any questions abeRC )042ur exempt tus, you should kin* it in your pennon:tent records It you have any esticem, please contaet the person whose name and sphose nunber are Lit the headsng of this letter Sincerely yours, _ or District MIL= Letter 94s (00/eGINSURANCE BINDER I DATE PaVDDOM NO - 7SEP 30 09 )ER IS A TEMPORARY INSURANCE CONTRACT, SUBJECT TO THETONDMONS SHOWN ON THE REVERSE SIDE OF THIS FORM -2 "AinEfl 310422 1301 COMPANY BINDER, CE MILKERS, PAC. United States Liability his. Co. 19397 THIS BINDER IS MEWED TO IECTEND COVERAGE IN THE ABM NAMED COMPANY PER EXPIRING PO= k SUB CAGE 27735 :ITY DOWNTOWN BUSINESS noN 1322 l'ITY CA 90232 CESCRPTION OF OPERATIONSNEHICLESPROPEITIY (Wham Imam) BUSINESS ASSOCIATION N001038888C - AND AVE STE 210 CA LIC 01228708 DATE EFFECTIVE PIE X NIL 4130 CA 90245-1758 310-322 1301 322 1302 SEP 27 05 12 01 PM DATE EXPIRATION Toe 1201 AM DEC 24 05 NOON ADDITIONAL INSURED 0072477 14HC(C)//(14- NOTE. IMPORTANT STATE INFORMATION ON REVERSE SU1E i ACORD CORPORATION 1993 DON D 75-5 (2001101) & ADDRESS|1010| LIMITS OF INSURANCE COVERAFO UCTIBEE CORM% AMOUNT CAUSES OF LOSS NOT INCLUDED C I !BROAD 1 SPEC . LIARanY IERCIAL GENERAL LIABILITY NON PROFIT DIRECTORS & OFFICERS ummury SUBJECT TO A $0 PER CLAIM DEDUCTIBLE RETRO DATE FOR CLAMS WOE. , EcH occuRRENcE $ tom 000 CIAMNSE TO RENTED PREMISES ow iNcumED CLAIMS MADE I I OCCUR. MESCAL EXPENSE (Any one parson) war IficLuDED 3N PROFIT 050 PERSONAL & ADV ILIURY *JOT INCLUDED CENERALAGGFIEGATE 0 1,000 000 PRLOUCIS COMPIOP AGG INOT INCLUDED ILE LIABILITY AUTO OWNED AUTOS — ED AUTOS 'OS 4-uWNED AUTOS NOT INCLUDED COMBINED SINGLE LW s BODILY UUURY(Ps- mum) $ BODLY tNJURY (Per a=dant) S PROPERTY DAMAGE IS MEDICAL PAYMENTS 0 PERSONAL MAY PROT i UNIRSURED MOTORIST 6 YSICAL DAMAGE DEDUCTIBLE LUSION. I ALL VEHICLES I [SCHEDULED VEHICLES ACTUAL CASH VALUE $ NOT INCLUDED STATED AMOUNT rIER THAN COLL OTHER LIABILITY re AUTO NOT INCLUDED AUTO ONLY EA ACCIDENT $ OTIBI THAN AUTO ONLY* EACH ACCIDENT $ AGGREGATE II LIABILSTY MELIA FORM HER THAN UMBRELLA FORM NOT INCLUDED RETRO DATE FOR CLAIMS MADE EACH OCCURS.= $ AGGREGATE II SELF-NISORED RETENTION 0 WORKER'S COMPENS,,TION AND BAPLOYF_WS LIABILITY NOT INCLUDED lac sr/LB:row uurrs EL EACH ACCIDENT i El DISEASE EACH EMPLOYEE $ EL DISEASE POLICY LSAT $ SUBJECT TO CARRIER'S TIMELY RECEIPT OF THE PREMIUMffl )Nal ;ES REES $ TAXES $ ESTIMATED TOTAL FREIMAN 0BRANCH NAME AND SERVICING ADDRESS I Lutali GROUP-SOUTHERN CA-SOUTH P 0 BOX 10197 JACKSONVILLE FL 32247-0197 (800) 800-3907 POLICY PERIOD FROM TO 04/09/2005 - UNTL CANCELLED/ 1 2.0 1 am. NON—RENEWED NAMED INSURED AND MAILING ADDRESS )0WNT0VIN CULVER CITY BUSINESS ASSOCIATION 3 0 BOX 1322 'ALVER 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 FIOLICY NUMBER PI: IODUCBT M103/31 ACCOUNT NUMBER MEW , PAS 34767088 13473665 M007140296-001-00001 NONE ZURICH GROUP-SO ANNIVERSARY EFF 04/09/2006 ZURICH MARYLAND CASUALTY COMPANY PRECISION PORTFOLIO POLICY - COMMON DECLARATIONS PRECISION AMERICA OFFICE PROGRAM its policy consists of the declarations as well as the coverage forms and endorsements ted on the Forms and Endorsements Applicable List BUSINESS ENTITY CORPORATION POLJCY 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 PREMIUM COMMERCIAL PROPERTY AF) GETIMAL LIABILITY $ 740 00 FEDERAL TERRORISM PR011 1111 $ 10 00 TOTAL ANNUAL PREMIUM $ 750 00 MINIMUM PRBIl uountersigned by Authorized Representative Date 1•111n /WS. 1 I des pynght dintnI af In ance Server.es Office I c,„ wti rt p on U. pynght, I era es S mess Office I c 1984 r r ona nv 1992BEL POLICY AMBER PRODUCER NUMBER ACCOUNT' NUMBER AUDIT D PAS 34767088 13473665 M007 140296-001-00001 NONE B RANCH Z2 ZURICH GROUP-SO AINIVERSARY EFF 04/06/2006 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 coveRAGEs AND MAWS OF iNsuRANce 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 COIPLETED 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 ADVERTISING INJURY $1 000 000 HIRED AND NON-OWNED AUTOMOBILE LIABILITY $1 000 000 COMMERCIAL GENERAL LIABILITYAttachment No 8 BID ADVISORY BOARD RECOMMENDATIONS — 2006 ANDREW WEISSMAN/ATTORNEY — CHAIR KAMAREN HENSON/WONDERFUL WORLD OF ANIMATION GREG REINER/THE ACTORS GANG JIM RODRIGUES/SANTA MARIA BBQ GERALD WEINER/ATTORNEY 31