R-2007-51BG REQUEST FOR COUNCIL ACTION

RESOLUTION: 2007-51

SUBJECT: Review and approve the 2008 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 2008 operating plan and budget.

RESOLUTION ADOPTION DATE: September 24, 2007

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

STAFF PERSON RESPONSIBLE: Rebecca P. Clark, Director, Community Planning & Development Department, 303-987-7731

DOCUMENTS ATTACHED: Resolution 2007-51
Letter from George Valuck
ACBID 2008 Operating Plan
ACBID 2008 Budget

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

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