Title
Action to approve a 2020 Plan of Improvements for Business Improvement District #1
Body
Summary:
Action to approve a 2020 Plan of Improvements for the Business Improvement District #1 and recommend the plan of improvements to the City Council.
Background:
South Dakota statutes provide guidance on how funds generated from the hotel occupancy fee can be utilized within the Business Improvement District #1. The BID Board has historically focused on #6 below by recommending to the City Council that the funds be utilized by the Convention & Visitors Bureau in a manner consistent with the CVB mission to create, retain, and expand upon the visitor industry.
SDCL 9-55-3. Uses to which generated funds may be put. Any money generated pursuant to ? 9-55-2 may be used for any one or more of the following purposes:
(1) The acquisition, construction, maintenance, and operation of public off-street parking facilities for the benefit of the district area;
(2) Improvement of any public place or facility in the district area, including landscaping and plantings;
(3) Construction or installation of convention or event centers, pedestrian shopping malls or plazas, sidewalks, including moving sidewalks, parks, meeting and display facilities, bus stop shelters, lighting, benches or other seating furniture, sculptures, trash receptacles, shelters, fountains, skywalks, and pedestrian and vehicular overpasses and underpasses or any useful or necessary public improvement;
(4) Leasing, acquiring, constructing, reconstructing, extending, maintaining, or repairing parking lots or parking garages, both above and below ground, or other facilities for the parking of vehicles, including the power to install such facilities in public areas, whether such areas are owned in fee or by easement, in the district area;
(5) Creation and implementation of a plan for improving the general architectural design of public areas in the district area;...
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