The Fifth Avenue South Business Improvement District, Inc. (BID)
was established in December 2010. A 501 (c) 3 non-profit organization, the BID represents the interests of both property owners and businesses in growing and sustaining a healthy, vibrant Fifth Avenue South district.
WHAT IS A BUSINESS IMPROVEMENT DISTRICT (BID)?
A BID provides an ongoing mechanism and dedicated source of revenue used by property owners and merchants to guide the future of their retail and commercial areas. The BID is based on state and local law, which permits property owners and merchants to band together to use the local government’s tax collection powers to “assess” themselves. In Naples, these funds are collected by the county and through the city returned to the BID and are used for purchasing supplemental services (e.g. advertising, promotions and special events and providing downtown management and administration) beyond those services provided by the city. The BID is managed by a Board of Directors representative of the district boundaries and includes a ten-year “sunset” provision, whereby the district would require a vote after every ten years but would report annually on goals and objectives accomplished. The City of Naples agrees to maintain the baseline level of services.
Brand Promote and create awareness of the Fifth Avenue South Business Improvement District to residents and visitors as THE destination of choice to live, work, shop, dine and play.
As district merchants and property owners, your involvement in the BID is crucial to its success. Your participation—not only in the events planned—but in all other aspects of the organization, is essential. The BID has 3 working committees—Marketing, Events and Avenue Enrichment—that carry out the Board’s policies and work in concert with the Board and BID property owners and businesses to craft, implement and manage the organizations events and programs. Additionally, Block Captains have been assigned to assist the committees and BID staff with communication, outreach and event coordination.
BID Board meetings are held on the third Thursday of each month at 10AM at the Fifth Avenue Executive Suites, 649 Fifth Avenue South.
The BID’s Board of Directors is made up of four property owners and three business owners, each serving 3 year terms. Officers are elected annually for one year terms. New board members, as openings occur, are elected by the BID property owners at the Annual Meeting of the BID.