BIL 055 Draft 01 2006-2008 - Laserfiche WebLink

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3. Supplemental Improvements. The District Association may elect to further improve the District by undertaking special projects such as enhanced streetscape and/or landscape, wayfinding and signage, lighting, pedestrian pathways and surfaces, marketing, and special events. Associated expenses shall be paid with special assessments and other revenues including business improvement district bonds as provided for by Chapter 35 Article 7 of the Hawaii County Code. 4. Incidental Expenses. The incidental expenses of the District that shall be paid with special assessments and other revenues of the District include management and administration expenses, other operating support expenses, and expenses incurred by the Kona-Kohala Chamber of Commerce and County of Hawaii Kailua Village Business Improvement District No. 1 in the establishment of the District (including, without limitation, enabling legislation and this Plan.) 5. Budget• (a) Calendar Year. The County of Hawaii Kailua Village Business Improvement District No. 1 shall operate under a calendar year. A proposed Budget shall set forth the total amount proposed to be expended for such calendaz yeaz. (b) Budget for the First Calendar Year. The proposed Budget for the first calendar year is as follows. The Board shall, as soon as reasonably practicable after the commencement of the term of the District, adopt the actual Budget for the first calendar year, which shall not exceed the proposed Budget set forth below: REVENUES Assessments $586,956 Other Revenues $80,000 Total Revenues $666,956 EXPENSES Supplemental Services Public Space Management/Security $390,956 streetscape Cleaning & Maintenance $120,000 Public Improvements/Grants $80,000 Operating Support $76,000 Incidental Expenses Administration Legal Accounting Management Office Office Equipment Office Supplies/Services Insurance Exhibit "A" (Page 4 of 9)