ADMINISTRATIVE REPORT Date: September 14, 1995 TO: Vancouver City Council FROM: Director of Finance and Director of Economic Development SUBJECT: BIA Renewal for Robson Street and Kerrisdale RECOMMENDATION A. THAT Council approve the commencement of two "Council initiatives" to re-establish the Robson Street BIA and Kerrisdale BIA for a second five-year term. B. THAT Council approve the Robson Street and Kerrisdale BIA boundaries as outlined in appendices B and C. C. THAT Council approve a 5-year (1996-2001) funding ceiling of $1,292,500 for the Robson Street BIA, and $669,000 for the Kerrisdale BIA. GENERAL MANAGER'S COMMENTS The General Manager Corporate Services RECOMMENDS approval of the foregoing. COUNCIL POLICY After five years the by-law governing each BIA must be renewed. Council's process for BIA renewal, approved July 30th, 1992, is attached as appendix A. PURPOSE The Robson Street and Kerrisdale BIAs have completed the first step in the renewal process (see appendix A). The purpose of this report is to request Council's approval to commence two 'council initiatives' (the second step). DISCUSSION In August 1994, the Robson Street and Kerrisdale BIAs notified all the property owners and tenants of their September annual general meetings (AGM). The notices clearly stated that a vote would be taken on whether or not the BIA should renew its mandate for a second five-year term. At both annual general meetings, there was unanimous support for BIA renewal. Consequently, the BIAs have requested that Council commence two 'Council initiative' processes to renew each BIA for a 1996 - 2001 term. - 2 - If Council approves proceeding with the Council initiative process, all property owners and tenants in the BIA will be contacted by City staff and given 30 days to object to the initiative. Council's policy is that if one third or more of the tenants or property owners object, the initiative will be defeated. The BIAs' boundaries will remain the same as before (see appendices B and C). BIA Proposed Funding Original Funding ____ Ceiling 1996-2001 Ceiling 1990-1996 Robson $1,292,500 $1,292,500 Kerrisdale 669,000 485,800 In the event that the BIA renewals are approved by Council at the Court of Revision to be held on November 23, 1995, staff will report back with the details of each BIA's 1996-7 budget requests. Details on both BIA's budget and activities are attached for Council's information. STAFF COMMENTS Staff support the BIAs' request to proceed with 'Council initiative' processes to re-establish the Kerrisdale and Robson Street BIAs. * * * * *