Title:
Title
Stockton Boulevard Property and Business Improvement District No. 2020-01 (Noticed 07/01/2020)
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FileID
File ID: 2020-00406
Location
Location: Districts 5 and 6
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Recommendation:
Recommendation
Conduct a public hearing and upon conclusion, pass a Motion adopting the proposed assessment and related improvements, and directing the City Clerk to: 1) tabulate the assessment ballots submitted and not withdrawn before the hearing is closed; and 2) bring back the matter as a consent item on August 25, 2020, with the tabulation results.
FileName
Contact: Sini Makasini, Administrative Analyst, (916) 808-7967; Sheri Smith, Special Districts Manager, (916) 808-7204, Department of Finance
Body
Presenter: Sini Makasini, Administrative Analyst, (916) 808-7967, Department of Finance
Attachments:
1-Description/Analysis
2-Schedule of Proceedings
3-Exhibit A, Proposed Assessment and Improvements
4-Exhibit B, District Map
Description/Analysis
Issue Detail: Initially formed in 2002, the Stockton Boulevard Property and Business Improvement District (PBID) has since renewed twice: once in 2007 and once in 2012. The PBID is a benefit assessment district intended to continue to improve the Stockton Boulevard commercial corridor. The property owners have proposed a third renewal of the PBID for a new ten-year term which also includes an expansion of the PBID boundaries. The existing PBID term has yet to expire and is valid until December 31, 2021. However, the PBID is renewing a year early and is expanding its boundaries to include additional property owners seeking PBID services effective January 1, 2022.
On June 30, 2020, the City Council passed Resolution 2020-0201 directing staff to mail assessment ballots and notices of public hearing to the owners of real property within the proposed PBID and setting August 18, 2020, as the date for a public hearing on the proposed District and assessment.
At the conclusion of the hearing, the City Co...
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