HomeMy WebLinkAbout07. 22-433OCTOBER 25, 2022 22-433 RESOLUTION
(CARRIED 7-0 LOST _______ LAID OVER _______ WITHDRAWN _______)
PURPOSE: APPROVE 2023 BUSINESS IMPROVEMENT DISTRICT
OPERATING PLAN AND BUDGET ($164,090.00)
INITIATED BY: DOWNTOWN OSHKOSH BUSINESS IMPROVEMENT
DISTRICT BOARD
BID BOARD RECOMMENDATION: Approved
BE IT RESOLVED by the Common Council of the City of Oshkosh that the
attached Downtown Oshkosh Business Improvement District 2023 Operating Plan and
Budget in the amount of $164,090.00 and carried forward reserves and revenues is hereby
approved and adopted.
TO: Honorable Mayor and Members of the Common Council
FROM: Kelly Nieforth, Community Development Director
DATE: October 20, 2022
RE: Approve 2023 Business Improvement District Operating Plan and Budget
BACKGROUND
The Downtown Oshkosh Business Improvement District (BID) 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 have been 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 as presented. Any suggested changes or alterations to the plan or budget
must be referred back to the BID for their consideration.
ANALYSIS
The proposed assessment remains unchanged from 2022 at $140,610.00. In 2021, the BID approved an
increase to the minimum special assessment from $420.00 to $445.00 and the maximum special
assessment from $8,400.00 to $8,820.00 representing a 5.95% and 5.00% increase, respectively. The
minimum and maximum assessments will not be increased for 2023. There were no changes to the
assessed property and land values from 2022. As a whole, the assessed property value of the BID is
currently $59,953,300.
The 2023 proposed budget did not include the $15,000 Parking Utility Fee similar to the approved 2022
budget. The BID felt the $15,000 would be better spent on promoting the BID as a destination for visitors
and local residents. In order to make up the $15,000 gap in the Parking Utility’s budget, city staff
increased the monthly parking permits from $20 to $30 and the annual parking permit cost from $210 to
$340.
FISCAL IMPACT
The BID is a self-assessing entity and receives no direct City funding for their operating budget.
RECOMMENDATION
The Common Council approves the 2023 Downtown Oshkosh Business Improvement District Operating
Plan and Budget.
Respectfully Submitted, Approved:
Kelly Nieforth John Fitzpatrick
Community Development Director Assistant City Manager / Director of
Administrative Services