TO:
Honorable Mayor and Members of the City Council
THROUGH:
Talyn Mirzakhanian, City Manager
FROM:
Libby Bretthauer, Acting Finance Director
Emy-Rose Hanna, Budget and Financial Analyst
SUBJECT:Title
Consideration of a Resolution Declaring Intention to Provide for Annual Levy and Collection of Assessments for the Downtown Business Improvement District and Setting a Public Hearing for July 15, 2025 (No Budget Impact) (Acting Finance Director Bretthauer).
A) ADOPT RESOLUTION NO. 25-0080
B) SCHEDULE PUBLIC HEARING DATE TO CONSIDER ASSESSMENTS ON JULY 15, 2025
Body
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RECOMMENDATION:
The Downtown Business Improvement District Advisory Board and City Staff recommend that the City Council adopt Resolution No. 25-0080 announcing the City's intention to set assessments for the Downtown Business Improvement District (BID) for fiscal year (FY) 2025-2026 and setting the public hearing for July 15, 2025.
FISCAL IMPLICATIONS:
There are no budgetary or other financial implications associated with the adoption of the Resolution of Intention.
BACKGROUND:
In 1998, the City Council, at the request of the downtown business owners, dissolved an existing parking district and created a new Business Improvement District (BID) for the downtown area. The new district was created under the Parking and Business Improvement Area Law of 1989, which provides flexibility with respect to the use of funds. The previously existing parking district restricted the use of the funds to the acquisition and construction of parking facilities.
The Parking and Business Improvement Area Law of 1989 is contained within sections 36500 - 36551 of the Streets and Highways Code (SHC), which requires that the district and associated assessments be renewed annually. Therefore, the City Council will hold a public hearing at its meeting on July 15, 2025 to consider the request from the Downtown Business Improvement District Advisory Board to renew ...
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