24-1173
SUBJECT: Public Hearing and Adoption of a Resolution to Consider Public Input Regarding the Establishment and Levying of an Assessment for the Formation of a Tourism Based Improvement District (TBID) as Authorized in Merced City Council Resolution 2024-92 REPORT IN BRIEF The Council is being asked to hold a public hearing for public input regarding the establishment and levying of an assessment to create a Tourism Businesses Improvement District (TBID) as contained in Merced City Council Resolution 2024-92. RECOMMENDATION: City Council - Adopt a motion: A. Adopting Resolution 2024-112, a Resolution of the City Council of the City of Merced, California, Declaring Results of the Majority Protest Proceedings and Establishing the Tourism Business Improvement District; and, B. Adopting and approving the Merced Tourism Business Improvement District Management Plan; and, C. Approving the Assessment for the Merced Tourism Business Improvement District; and, D. Authorizing the City Manager to execute necessary documents; and, E. Approving the creation of Fund 4951-TBID and allowing the Finance Officer to make the necessary increases to revenue and expense budget for Fiscal Year 2024-25 TBID Assessments.
- Committee
- City Council/Public Finance and Economic Development Authority/Parking Authority
- Introduced
- November 19, 2024
- On agenda
- December 2, 2024
- Passed
- December 2, 2024
Where it was heard
City Council/Public Finance and Economic Development Authority/Parking AuthorityWatch Merced
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