The South Hill (Fraser Street) Business Association is a not-for-profit organization established to develop, encourage and promote business in South Vancouver on Fraser Street between 41st and 50th Avenues.
The South Hill (Fraser Street) Business Association first received its BIA (Business Improvement Area) status from the City of Vancouver in April 2007 for a 5-year term.
At present, the association is going through a renewal process. The membership agreed in the 2011 Annual General Meeting to apply for a 7-year term.
Within the South Hill or Fraser Street BIA, there are approximately 250 business tenants and commercial property owners.
The association is funded by a tax levy paid by each commercial property owner within the South Hill BIA boundaries. In most lease agreements, property owners pass on this cost to the business tenants.
The annual SHBA budget is distributed to the membership prior to the Annual General Meeting, where it is discussed and approved.
All BIA budgets are also approved by the City Council and the year-end financial statements are audited and reviewed by the City.
The Fraser Street BIA’s 2012-2013 budget is available for download here: Approved SHBA’s 2012-2013 Budget
NOTE: Photos for this website were taken by Kamal Dabir.