CdM BID Begins Goals & Priorities for Fiscal Year 2019/2020
The CdM BID Advisory Board of Directors is currently working on the BID’s renewal for FY 2019-20 that will continue the district’s rejuvenation and improvement projects for another successful year if approved by NB City Council. This will be the BID’s 23rd year of improvements.
The Corona del Mar Business Improvement District (CdM BID) conducts business on the City’s fiscal year beginning July 1st and ending on June 30th of each year. The CdM BID is renewed by Newport Beach City Council each fiscal year at a public hearing after submitting an annual report on the prior year activities and expenditures, as well as budgets and priorities for the upcoming fiscal year.
The public hearing provides members the opportunity to submit written and oral protests about their assessment or planned activities. If member protests represent less than 50 percent of the total assessment amount, the BID renewal is confirmed and levies assessed upon its members. If protests represent 50 percent or more of the total assessment, the renewal proceedings are abandoned.
After completion of the following process, the CdM BID will be Approved for FY 2019-20.
- Approval of Nominated Board of Directors.
- Annual Report recapping previous Fiscal Year.
- Goals & Priorities for Fiscal Year 2019/2020
- Annual Budget
- City approved vendor contract renewals
- City Council Approval of BID renewal for FY 2019/2020
For Accomplishments & Goals, Visit Accomplishments & Goals
For Annual Reports, Visit Annual Reports
The CdM BID was formed pursuant to the Parking and Business Improvement Area Law of 1989, codified in Streets and Highways Code Sections 36500 et seq., for the purpose of financing physical improvements, activities and programs that benefit the businesses located and operating within the area.
The CdM BID territory encompasses the area generally located on East Coast Highway from Hazel Drive to Avocado Avenue in Corona del Mar (CdM BID boundary map).