title
CC - CONSENT ITEM: Approval of an Agreement with NBS Inc. for Special Tax Administration Services Related to West Washington Assessment Districts Nos. 1, 2 and 3 for a Term up to Five Years in an Aggregate Amount Not-to-Exceed $78,000
body
Meeting Date: May 9, 2022
Contact Person/Dept.: Elaine Warner/CDD/Economic Development
Todd Tipton/CDD/Economic Development
Phone Number: (310) 253-5777
(310) 253-5783
Fiscal Impact: Yes [X] No [] General Fund: Yes [] No [X]
Attachments: Yes [X] No []
Commission Action Required: Yes [] No [X]
Public Notification: (E-Mail) Meetings and Agendas - City Council (05/04/2022)
Department Approval: Sol Blumenfeld, Community Development Director (04/18/2022)
______________________________________________________________________
RECOMMENDATION:
Staff recommends the City of Culver City approve an agreement with NBS Inc. ("NBS") for special tax administration services related to West Washington Assessment Districts Nos. 1, 2 and 3 for a term up to five years in an aggregate amount not to exceed $78,000.
BACKGROUND
In December 2007, the former Culver City Redevelopment Agency approved an Area Improvement Plan (AIP) Program that included a phased installation of streetscape medians along West Washington Blvd. Phase I is between Wade Street and Beethoven Street, Phase II is between Boise Avenue and Centinela Avenue, Phase III is comprised of existing medians at Zanja Street and Washington Boulevard (only replanting and lighting enhancements) and Phase IV, slated for construction in the fall 2022, is between Beethoven Street and Glencoe Avenue. The improvements were (and will be) constructed by the City with on-going maintenance for the new improvements funded by adjacent property owners via the collection of an annual assessment (Assessment).
NBS assisted the City in forming the Districts (No. 1, 2, and 3) and was approved for a five-year agreement in April ...
Click here for full text