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Page 6 of 10 <br /> <br /> <br /> <br />Using the baseline adjusted assessment (i.e. assuming CPI adjustments had been applied) <br />City staff provided three options for a BID modification to the Advisory Board for their <br />consideration, summarized in Table 2, below: <br /> <br />Table 2: BID Restructure Options Provided to Advisory Committee <br /> Current <br />Assessment <br />Proposed BID Restructure Options <br />Location / <br />Type <br />Factor / <br />Amount <br />Min / Max Factor / <br />Amount <br />Option 1 Option 2 Option 3 <br />On Main <br />Street <br />2 x 3 x <br />Main Street <br />Upstairs <br />1.5 x 2 x <br />Side Streets 1 x 1.5 x <br />Annual Fee <br />Eligible* <br />$200 $450 <br />Other <br />Businesses** <br />Varies <br />Minimum: <br />$50 <br />Maximum: <br />$350 <br />Varies <br />Minimum: <br />$100 <br />Maximum: <br />$700 <br />Minimum: <br />$125 <br />Maximum: <br />$750 <br />Minimum: <br />$125 <br />Maximum: <br />$800 <br />*Businesses exempt from the City Business License Tax or have independent contractors conducting a similar <br />service at one address pay an annual fee, except non-profit businesses which are exempt from the assessment. <br />**Certain businesses which are exempt from the City Business License Tax pay the assessment based on <br />location as if they are not exempt. <br /> <br />Under these options, and assuming a similar profile of business license receipts as exists <br />Page 147 of 264