Request for Council Action for Resolution 2005-57 REQUEST FOR COUNCIL ACTION

RESOLUTION: 2005-57

SUBJECT: Review and approve the 2005 Operating Plan and Budget of the Alameda Corridor Business Improvement District.

RECOMMENDATION: Approval

SUMMARY AND BACKGROUND OF SUBJECT MATTER:
The Lakewood City Council granted approval for the creation of the Alameda Corridor Business Improvement District (ACBID) at their July 28, 2003 public hearing. Along with Council's authority to approve the creation of the ACBID, the Council also approves the District's operating plan and budget on an annual basis.

Per state statute the business improvement district files an operating plan and its proposed budget for the next fiscal year with the City Clerk no later than September 30 of each year. At this time the City Council is being requested to approve the District's 2006 operating plan and budget.

RESOLUTION ADOPTION DATE: September 26, 2005

ORIGINATED BY: Rebecca P. Clark, Interim Director Community Planning & Development Department

STAFF PERSON RESPONSIBLE: Rebecca P. Clark, Interim Director Community Planning & Development Department,
303-987-7525

DOCUMENTS ATTACHED: Resolution 2005-57
ACBID Resolution No. 2005-55
ACBID 2006 Operating Plan
ACBID 2006 Budget

SUBMITTED BY:
Rebecca P. Clark, Interim Director Community Planning & Development Department

REVIEWED BY:
Joni Inman, Director Mayor and City Manager's Office
Michael J. Rock, City Manager