Title
Ordinance to Annex Territory to the Downtown Business Improvement District - FIRST READING
Body
Department: Executive
Council Districts: 3
Public Hearing: 6/6/2017
Advertising Date/By: 5/25/2017
Contact 1 and Phone: Kathi Dubel 336-373-4579
Contact 2 and Phone: Terri Jones 336-373-2320
PURPOSE:
The City of Greensboro has received petitions for 3 properties to be annexed into the Downtown Business Improvement District, a municipal service district. Pursuant to NCGS § 160A-538, City Council must hold a public hearing and vote at two separate meetings.
BACKGROUND:
The Downtown Business Improvement District (“BID”) is a municipal service district adopted in accordance with Article 23 of Chapter 160A of the North Carolina General Statutes. The BID was created for the purpose of downtown revitalization, which includes: improvements, services, functions, promotions, and developmental activities intended to further the public health, safety, welfare, convenience, and economic well-being of the central city or downtown area. Properties located within the BID pay an additional property tax of $0.08 per $100 assessed. The City has entered into a three-year contract with Downtown Greensboro Inc. (DGI) to manage the BID and provide the additional services needed downtown.
Pursuant to NCGS § 160A-538(b), City Council may extend by annexation the boundaries of the BID service district when one hundred percent (100%) of the real property owners of the area to be annexed have petitioned Council for annexation. The City has received petitions from the following property owners for the following parcels:
Battleground and Smith LLC - 310 W. Smith Street - Parcel #0000687
Battleground and Smith LLC - 576 N. Eugene Street - Parcel #0000688
City of Greensboro - 502 N. Eugene Street - Parcel #0219604
Before the required public hearing, staff must prepare a report containing (1) a map of the service district, showing the present and proposed boundaries, (2) a statement showing that the area to be annexed meets the standards and requirements for annexation by petition, and (3) a plan for extending services to the area to be annexed. DGI has indicated that it can provide the additional services within the existing contract.
Additional information can be found in the Staff Report.
BUDGET IMPACT:
If City Council passes the ordinance, then the above referenced properties will pay an additional tax beginning on July 1, 2017. The taxable properties are currently assessed at $607,700. City of Greensboro parcels are not taxed and approximately $486.16 in additional BID revenue would be generated if all petitions are granted.
RECOMMENDATION / ACTION REQUESTED:
Staff recommends that City Council adopt the ordinance at two separate meetings.