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HomeMy WebLinkAbout40. Update on Business Improvement District Operation Plan & Budget City Hall • 215 Church Avenue • P.O. Box 1130 • Oshkosh, WI 54903-1130 http://www.ci.oshkosh.wi.us TO: Honorable Mayor and Members of the Common Council FROM: John Fitzpatrick, Assistant City Manager / Director of Administrative Services DATE: October 26, 2021 RE: Update on Business Improvement District Operation Plan & Budget BACKGROUND The Downtown Oshkosh Business Improvement District (BID) Board is required to develop an annual operating plan and budget which includes a calculation of assessment according to the statutory formula. The contents of the plan are mandated by Statute and are required to be approved by the City Attorney as consistent with statutory requirements. The Common Council’s role is to review and approve or deny the operating plan and budget together as presented. Any suggested changes or alterations to the plan or budget must be referred back to the BID Board for their consideration. The BID Board approved their 2022 Operating Plan and Budget at their regular meeting on October 19, 2021. The proposed assessment remains unchanged from 2021 at $140,610.00. Since 1987 when the BID was created, they have allocated funds towards the city’s parking utility to help the city offset costs of maintaining the parking lots. The amount has varied throughout the years, but as of recently, it was a $15,000 payment that the BID made to the Parking Utility. The Operating Plan and Budget that was approved on October 19th did not include the $15,000 for continued support of the City’s Parking Utility. The Board believes that the $15,000 would be better spent on promoting the BID as a destination for visitors and local residents. During the Transportation Department’s session during the Budget Workshop on Tuesday, October 19, City Manager Rohloff shared with Councilors that the BID Operating Plan and Budget would not include the $15,000 fee to the City’s Parking Utility. Councilors indicated that they did not support increasing the general levy to offset the $15,000 deficit in the Parking Utility budget, but did request that Transportation Director Collins analyze the permit parking fees and determine if raising the fees for parking permits would generate enough income to increase the parking utility budget by $15,000. Transportation Director Collins is currently reviewing options for increasing fees to account for the $15,000 budget gap and will report back to Council with his findings. Please advise me if you have any questions regarding the update on the 2022 Business Improvement District Operating Plan and Budget.