Supplemental Services/Improvements May Include:

Business Development

  • Commercial vacancy
    reduction
  •  New business attraction
  •  Connection to business
    services
  •  Business mix improvement

Maintenance

  • Street/sidewalk cleaning
  • Graffiti removal

Public Safety/Hospitality

  • Public safety officers
  • Visitor assistance

Landscaping/Streetscape

  •  Planting trees/flowers
  •  Tree pit maintenance
  •  Plaza/Space

ManagementCommunity Service

  •  Fundraising
  •  Charitable events
  •  Homeless and youth services

Marketing

  •  Special events
  •  District public relations
  •  Promotional materials
  •  Holiday decorations
  •  Street Banners

Capital Improvements

  •  Improved streetlights
  •  Custom trash receptacles
  •  Directional street signage
  •  Custom news boxes
  •  Flower boxes/baskets/planters

How are
BIDs funded?

A BID is funded by an additional property assessment on commercial properties located within the BID boundaries. Individual property assessments are determined by:

● During the BID formation process

● Every assessment dollar collected goes directly to the BID; the City Dept. of Finance collects the assessment. The entirety of the assessment is returned to the BID to provide services determined by the BID Board of Directors.

Determining
the First Year Budget

It is important to draft a service-driven budget in order to see which services are needed to fully meet the districtʼs needs. The service-driven budget can then be used to determine the assessment required to support the operation.

An example of a service-driven budget:

 

Supplement $
Security
Sanitation
Promotion/Advertising
Holiday Lighting
Capital Projects
Total Supplement Services
General & Administrative
Staff Salary
Staff Fringe Benefits
Rent
Telephone
Printing/Postage
Other Supplies
Insurance
Audit/Legal
Payroll Services & Bank Charges
Total General & Adminisrative
Total Program Cost
CONTINGENCY
TOTAL BUDGET

Determining The Assessment Formula

The objective is to develop an assessment formula where the amount each property owner pays is roughly proportional to the benefit received by property.

A formula can be based on one or more of the following variables.

 

Formula Option Definition Appropriate Use
Front Footage The length if the property from corner to corner as measured along the sidewalk at the front of the property ( where the main entrance is). Should be applied when most of the benefit is enjoyed by ground-floor retail.
Gross Building

Square Footage

 The Number of Square feet is calculated by multiplying the lot’s width by its length. Should be applied for mixed districts that include above-ground-floor activity.
Assessed Valuation The most recently assessed valuation of the property as defined by the City for use in computing real property tax. Should be applied in districts where the assessed value per square foot is highly variable.

 

(Other assessment mechanisms can include base fees, corner fees, special class categories)

BID Expenditure Examples FY20

 

Service Cost % Of Total Expenses($937,0933)
Marketing & Public Events $197,364 21.0%
Sanitation $256,491 27.3%
Public Safety $12,360 1.3%
Streetscape and Beautification $34,095 3.6%
General & Administrative $397,618  42.4%

 

 

Service Cost % Of Total Expenses($937,0933)
Marketing & Public Events $52,000 12.1%
Sanitation $197,400 45.8%
Public Safety $0 0.0%
Streetscape and Beautification $0 0.0%
General & Administrative $91,051  51.2%

 

 

Service Cost % Of Total Expenses($937,0933)
Marketing & Public Events $19,303 10.9%
Sanitation $66,650 37.5%
Public Safety $10,062 2.3%
Streetscape and Beautification $63,121 14.6%
General & Administrative $108,785  25.2%

 

 

Service Cost % Of Total Expenses($937,0933)
Marketing & Public Events $723,311 14.0%
Sanitation $0 0.0%
Public Safety $0 0.0%
Streetscape and Beautification $1,430,518 27.8%
General & Administrative $429,010  81.3%