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City °JArts &Innovation <br />City Council Memorandum <br />IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII <br />TO: HONORABLE MAYOR AND CITY COUNCIL <br />FROM: FINANCE DEPARTMENT <br />DATE: AUGUST 16, 2022 <br />WARDS: 4 & 5 <br />SUBJECT: PUBLIC HEARING — RESOLUTION CONFIRMING ANNUAL REPORT OF <br />RIVERSIDE NEW CAR DEALERS ASSOCIATION AND LEVYING AUTO <br />CENTER BUSINESS IMPROVEMENT DISTRICT ANNUAL ASSESSMENT FOR <br />FISCAL YEAR BEGINNING SEPTEMBER 1, 2022 <br />ISSUES: <br />Conduct a public hearing and rule on any protests to the Auto Center Business Improvement <br />District assessments and projects for Fiscal Year 2022-2023, from September 1, 2022 through <br />August 31, 2023, and; adopt a resolution confirming the annual report of Riverside New Car <br />Dealers Association acting in its capacity as the advisory board to the Auto Center Business <br />Improvement District and levying assessments for the Fiscal Year beginning September 1, 2022. <br />RECOMMENDATIONS: <br />That the City Council: <br />1. Conduct a public hearing and rule on any protests to the Auto Center Business <br />Improvement District assessments and projects for Fiscal Year 2022-2023, from <br />September 1, 2022, through August 31, 2023; and <br />2. Adopt a Resolution confirming the annual report of the Riverside New Car Dealers' <br />Association acting in its capacity as the Advisory Board to the Auto Center Business <br />Improvement District and levying assessments for the Fiscal Year beginning September 1, <br />2022. <br />BACKGROUND: <br />The City of Riverside established the Auto Center Business Improvement District (Auto Center <br />BID) in the Auto Center area to engage in general business and event promotions, business <br />activities, advertise District businesses, provide electronic display sign operation and <br />maintenance, and to provide maintenance and repair of entryway monuments, pods, and <br />landscaping. The City Council approved the formation of the Auto Center BID on July 26, 2011, <br />with the first BID assessments effective on September 1, 2011. The Riverside New Car Dealers <br />Association (RNCDA) was designated as the advisory board and is empowered to manage the <br />Auto Center BID. <br />