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ASSESSMENT FORMULA FOR THE SOUTH LAKE BUSINESS ASSOCIATION
Each retail business shall pay an annual basic assessment fee of $150.00 and each Service and Professional Business shall pay an annual basic assessment of $50.00, plus the amount determined from the following Schedule, except owner-operated businesses not having employees shall pay only the Basic annual assessment set forth herein below. Please note there has never been an increase in fees, since the inception of the BID.
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|
| No. of Employees |
Assessment |
No. of Employees |
Assessment |
| 1* |
$10 |
14 |
$70 |
| 2 |
$15 |
15 |
$74 |
| 3 |
$20 |
16 |
$78 |
| 4 |
$25 |
17 |
$82 |
| 5 |
$30 |
18 |
$86 |
| 6 |
$35 |
19 |
$90 |
| 7 |
$40 |
20 |
$93 |
| 8 |
$45 |
21 |
$96 |
| 9 |
$50 |
22 |
$99 |
| 10 |
$54 |
23 |
$102 |
| 11 |
$58 |
24 |
$105 |
| 12 |
$62 |
25 |
$108 |
| 13 |
$66 |
over 25 |
$108+ |
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$2 per each additional emp. |
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| *Excluding owner-operated businesses without employees. |
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| Classification |
Benefit Factor Zone 1* |
Benefit Factor Zone 2* |
| Retail |
8 |
6 |
| Professional |
3 |
2 |
| Service |
4 |
3 |
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| *Zone 1 - North of California Blvd. *Zone 2 - South of California Blvd. |
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The annual assessment for the owner-operated Retail business without employees is $150.00 and $50.00 for owner-operated Professional and Service businesses without employees.
CALCULATING YOUR ASSESSMENT FEE
To determine the total assessment, multiply the employee assessment, Schedule 1, by the appropriate benefit factor, Schedule 2 and add $150 for retail business or $50 for Service and Professional businesses.
Financial Institutions are assessed at an annual rate of One Thousand Dollars ($1,000) per location.
Assessments are collected be the City of Pasadena, with funds being remitted to the South Lake Avenue Business Association for expenditure in accordance with the adopted budget.
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Zone 1 |
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Zone 2 |
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| Retail: |
20 Employees |
$93 x 8 = |
$744 |
$93 x 6 |
$558 |
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Basic Assessment |
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$150 |
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$150 |
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Total Assessment |
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$894 |
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$708 |
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| Prof: |
5 Employees |
$30 x 3 = |
$90 |
$30 x 2 |
$60 |
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Basic Assessment |
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$50 |
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$50 |
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Total Assessment |
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$140 |
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$110 |
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| Serv: |
35 Employees |
$128 x 4 = |
$512 |
$128 x 3 |
$384 |
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Basic Assessment |
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$50 |
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$50 |
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Total Assessment |
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$562 |
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$434 |
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