VACAVILLE — The City Council voted unanimously Tuesday to renew the tax assessment to members of the Downtown Vacaville Business Improvement District, while also voting to renew the ordinance that initially created the district.
Interim Housing Director Emily Cantu told the council the Business Improvement District tax revenues total up to about $50,000 per year. In addition to the tax revenue, the district requested a $45,000 grant from the city.
Cantu said staff recommended granting the money, which would help the district promote downtown and its events there, such as the Creekwalk Concert Series, the Halloween Stroll, the Blues Festival and more. Cantu said the money could come from the general fund reserves this time and it could come from Measure I tax money in the future, as it totals less than 2 percent of Measure I funds.
Bob Vollmer, executive director of the Business Improvement District, addressed the council with a wrap-up of 2013 activities and a small preview of things to come in 2014.
He projected a $230,000 operating budget for next year, which includes the district assessment, the council’s grant and expected income from downtown events. He called the $230,000 a conservative estimate.
“You can’t put a number on what you do for the city,” Councilman Ron Rowlett said. “The $45,000 is just a drop in the bucket compared to what it should be.”
Reach Mike Corpos at 427-6979 or email@example.com. Follow him on Twitter at www.twitter.com/mcorposdr.