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THE FASHION CENTER BUSINESS IMPROVEMENT DISTRICT 2001-2002 Annual Report

requested assessment
for fiscal year 2002 - 2003

Many of the FCBID’s plans for Fiscal 2002–2003 and beyond will depend upon our assessment funding. Since our founding nine years ago, the FCBID has operated within the same budget, using now depleted surplus funds to expand or increase services as needed. This year we are requesting an increase that will enable us to maintain the level of services and programs that we have achieved. This increase, amortized over nine years, is 3%.

The Fashion Center District Management Association, Inc. (also known as the Fashion Center Business Improvement District, or FCBID) requests a $4,000,000 assessment for 2002–2003.

The Fashion Center District Management Association, Inc. may apply for government grants or may accept corporate contributions for funding of its programs in the coming year.

The assessment history of the Fashion Center District Management Association, Inc. is:

1993–1994
 

$2,225,000 (3/4 year)

 

1994–1995
 

$3,000,000

 

1995–1996
 

$3,000,000

 

1996–1997
 

$3,000,000

 

1997–1998
 

$3,000,000

 

1998–1999
 

$3,000,000

 

1999–2000
 

$3,000,000

 

2000–2001
 

$3,000,000

 

2001–2002
 

$3,000,000