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Resolution Authorizing Amendments to Contract # 2016-10447 for Downtown Business Improvement District (BID) Services
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Department: Executive
Council Districts: 3, 2, 1
Public Hearing: n/a
Advertising Date/By: n/a
Contact 1 and Phone: Jim Westmoreland, City Manager 336-373-2002
Contact 2 and Phone: David Parrish, Assistant City Manager 336-373-2002
PURPOSE:
The City of Greensboro has received a request to amend the Downtown BID contract from Downtown Greensboro, Inc. City Council approval is required to execute the municipal service district tax funded contracts.
BACKGROUND:
Original North Carolina State legislation under NCGS 160A-536(d) allows the provision of funds levied and collected by the City from ad valorem property taxes in the Downtown BID to be spent on contracted services to perform, promote and develop services, facilities, functions and promotional and developmental activities in a municipal service district.
DGI is requesting consideration of additional funds to support their downtown revitalization efforts that include: improvements, services, functions, promotions, and developmental activities intended to further the public health, safety, welfare, convenience, and economic well-being of the downtown area. City Council approval is required to execute the municipal service district tax funded contracts.
In June 2016, Downtown Greensboro, Inc. (DGI) was awarded a three-year contract with two potential one-year renewal options for Downtown Business Improvement District Services, providing approximately $600,000/year collected from the BID tax funds. Under the updated legislation, future contract addendums or amendments will also require City Council authorization. The legislation requires DGI to report annually to the City by presentation in a City Council meeting and in written report regarding the needs of the service district, completed projects and pending projects. Prior to the annual report, DGI shall seek the in...
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