Title:
Title
(Housing Authority) Approval of Housing Authority Participation in the Renewal of the Stockton Boulevard Property and Business Improvement District
End
FileID
File ID: 2020-00780
Location
Location: Stockton Boulevard, District 6
End
Recommendation:
Recommendation
Adopt a Housing Authority Resolution: 1) authorizing the Executive Director, or the Executive Director's designee, as the property owner, to sign petitions and assessment ballots, enter into agreements, execute other related documents, and perform other actions to further the renewal of the Stockton Boulevard Property and Business Improvement District; and 2) authorizing the Executive Director, or the Executive Director's designee to appropriate, amend the Agency budget, and utilize Housing Successor Agency funds in order to make annual payments of approximately $2,978 plus any subsequent increases in the assessment rates not to exceed 3 percent annually, to the Stockton Boulevard PBID for the ten (10) year term of the PBID.
FileName
Contact: Mark Hamilton, Assistant Director of Housing, (916) 449-6248, Sacramento Housing and Redevelopment Agency
Body
Presenter: None
Attachments:
1-Description/Analysis
2-Resolution
3-Map
Description/Analysis
Issue Detail: The Stockton Boulevard Property and Business Improvement District (PBID) was established in 2001, subsequently renewed in 2011, and is scheduled to expire at the end of 2021. Since the inception of the PBID, the Stockton Boulevard Partnership (SBP), who operate the Stockton Boulevard PBID, has accomplished much to improve the business corridor. Therefore, the SBP Board of Directors and the property owners within the existing Stockton Boulevard PBID are proposing to renew the PBID for a ten (10) year term.
The Housing Authority of the City of Sacramento owns three parcels within the PBID. This report recommends that the Housing Authority, as a significant property owner, participate in renewing the Stockton Boul...
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