AgdaPkt 2020-07-13 Special Joint SA PFA

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6.C. - Page 2 of 124 Every property owner within the district pays an assessment for each property owned that is used within the district to keep the downtown attractive, clean, safe, and orderly and to publicize the downtown. In turn, RCIA funds five basic categories of services: sidewalk operations and beautification; district identity; parking management; program management; and the maintenance of a reserve fund. As part of the formation of the CBID, the City Council requested a report on the yearly activities of the RCIA organization. Due to staff transition in Economic Development, the review and acceptance of the Annual Report and renewal of the Management and Disbursement Agreement with RCIA has been delayed. Included as attachments to this staff report are two RCIA Annual Financial Statements covering Fiscal Years 2017-2018 and 2018-2019. ANALYSIS An 18 -member Board of Directors represents property owners and community members in the RCIA organization. Three sub -committees are designated in the district management plan to implement the work of the RCIA organization: Sidewalk Operations and Beautification, District Identity and Signage, and Parking Management. RCIA finished their 2017-2018 Fiscal Year on November 30, 2018, with a budget of $909,117.96, and their 2018-2019 Fiscal Year in November 30, 2019, with a budget of $922,951.73. Under the adopted management plan, the annual funds collected must be spent as follows: Program or Activity funded Percent of Annual Budget Sidewalk Operations and Beautification 54% District Identity and Signage 20% Administration/Operations 15% Parking 7% Contingency/Fees/Reserve 4% Below are some of RCIA's accomplishments for Fiscal Year 2017-2018 and 2018-2019. Sidewalk Operations and Beautification (SOBO Committee) This committee's primary financial purview is to maintain cleanliness of the Downtown to ensure the community and guests find a pleasant atmosphere when visiting. Weekly sidewalk washing, daily cleaning and up -keep, as well as other on -demand cleaning requests cost the district approximately $21,600 a month, totaling $259,200 annually. RCIA funds additional cleaning services for the City -owned garages on Marshall Street and Jefferson Street, beyond the City's staff and budgeted services. In addition, to the cleaning services, the SOBO committee also funded: • 150 new tree lights located along Broadway and Main Streets • The Floral and Fauna murals featuring native animals painted by artist Jane Kim • New tables, chairs and umbrellas located on Courthouse Square and Theatre Way Page 2 of 4 City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore 208