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Your Business Improvement Assessments are spent exclusively on promoting and improving the downtown area. The Assessments are collected by the City of Santa Cruz and forwarded directly to the Downtown Association of Santa Cruz.
Business Improvement Assessments are based on the following formula:
(Business Area X Rate [.31] X Type X Zone) + $50.00 = Annual Assessment
Annual Assessment ÷ 2 = Semi-Annual Assessment
FISCAL YEAR 2004/05 BUSINESS IMPROVEMENT RATES:
TYPE 1 - 100% RETAIL & FOOD
TYPE 2 - 60% FINANCIAL, BARS & THEATERS
TYPE 3 - 40% WHOLESALE TRADE, SERVICES & PROFESSIONS, AUTO DEALERS
ZONE 1 - 100% CAP OF 10,000 SQ FT
ZONE 2 - 60% CAP OF 10,000 SQ FT
Note: Please refer to the chart on page 2 to determine your Zone.
Example: (1,000 Sq ft) x .31 x 100%(type 1) x 60%(zone 2) + $50.00 = $236.00 ÷ 2 = $118.00 Semi-Annual Assessment
Businesses operating in the Downtown Parking and Business Improvement District on January 1 and July 1 are billed for the semi-annual Business Improvement Assessment. A penalty is charged for all bills not paid by January 31 and July 31.
Please call the Downtown Association (429-8433) or call the
Revenue Division (420-5070).
We will be happy to answer any questions you may have.
Business Improvement District Zones (see City of Santa Cruz website)
Business Improvement District Spaces Available
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