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Council affirms Oldtown La Verne BID annual report and levies assessments
Summary
Council accepted the Oldtown La Verne Business Improvement District annual report, affirmed the assessment formula (unchanged since 1986), and levied assessments for the coming year. The BID expects about $25,000 in revenue next fiscal year and reserves around $110,000.
The City Council on June 1 held the required public hearing and affirmed the Oldtown La Verne Business Improvement District (BID) annual report and authorized the levy of assessments for the coming fiscal year.
Lede: Staff told the council the BID boundaries and assessment formula have been unchanged since the district’s creation in 1986, and that the district expects roughly $25,000 in revenue next year with reserves projected at about $110,000.
Nut graf: The district advisory board recommended not to fund the spring 2027 'Cool Cruise' car show from BID funds and to instead program money toward physical improvements. Staff explained existing promoter agreements and noted recent promoter fees of about $2,000 per car show and estimated city staff costs (police/public works overtime) of roughly $3,000–$4,000 per event.
Vote: After brief questions and no public protest, council adopted the resolution affirming the annual report and ordering collection of assessments. Council also discussed future promoter agreements and staff‑cost allocation for street events.
Context: Council and staff said the BID’s small but steady revenue stream supports Oldtown events and marketing; council asked staff to bring any future promoter agreements back for council approval.
