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4 SUPPLEMENTAL IMPROVEMENTS. The District Association may elect to further improve the <br /> District by undertaking special projects such as appropriate parking technology, enhanced <br /> streetscape and/or landscape, wayfinding and signage, lighting, pedestrian pathways and <br /> surfaces, as well as improvements included in the Downtown Hilo Multi-Modal Master <br /> Plan. Associated expenses shall be paid with special assessments and other revenues. <br /> INCIDENTAL EXPENSES. The incidental expenses of the District that shall be paid with <br /> special assessments and other revenues of the District include the county's administrative <br /> expenses directly incurred in the collection of assessments, management and <br /> administration expenses, and other operating support expenses. <br /> 6 BUDGET. <br /> 6.1 FISCAL YEAR The District shall operate under a fiscal year (July I -June 30). A proposed <br /> Budget shall set forth the total amount proposed to be expended for such fiscal year. <br /> 6.2 BUDGET FOR THE FIRST FISCAL YEAR. The proposed Budget for the first fiscal year is as <br /> follows. The Board shall, as soon as reasonably practicable after the commencement <br /> of the term of the District, adopt the actual Budget for the first fiscal,year, which <br /> shall not exceed the proposed Budget set forth below: <br /> Table 1. Year 1 Budget <br /> REVENUES <br /> Assessments $91,500 <br /> Parking Fees $0 <br /> Total Revenues $91,500 <br /> EXPENSES <br /> Supplemental Services & Improvements $0 <br /> Parking Plan $50,000 <br /> Streetscape Cleaning & Maintenance $28,500 <br /> Operating Support <br /> Incidental Expenses <br /> Administration <br /> Legal <br /> Accounting <br /> Management <br /> Office <br /> Office Equipment <br /> Office Supplies/Services <br /> Insurance $13,000 <br /> Total Expenses $91,500 <br /> Downtown Hilo BID District Plan 5 Draft-9/14/2022 <br />