...Title
Renewal of Downtown San José Property-Based Business Improvement District. - TO BE HEARD AFTER ITEM 9.1
...Recommendations
(a) Conduct a public hearing for the expansion and renewal of a Property-Based Improvement District (PBID) in Downtown San José and authorize the City Clerk to tabulate the ballots.
(b) Adopt a resolution by the City Council, as the property owner of parcels within the proposed PBID, authorizing the execution of a ballot in favor of the expansion and renewal of the Downtown San José PBID and the imposition of an assessment in the amount of $748,264 with annual increases of up to 5% for all parcels and up to an additional 5% on Commercial and Enterprise Government parcels over the next nine years.
(c) Direct the City Clerk to report the results of the tabulation of ballots.
(d) In the event that the PBID is approved by a majority of weighted assessments of property owners, adopt a resolution by the City Council:
(1) Approving the PBID Management Plan and Engineer’s Report;
(2) Approving and imposing the respective assessments; and
(3) Directing the Director of Public Works to deliver the assessment role to the County of Santa Clara for collection with the property taxes.
CEQA: Not a Project, PP17-003, Agreements/Contracts (New or Amended) resulting in no physical changes to the environment and PP17-004, Government Funding Mechanism or Fiscal Activity with no commitment to a specific project which may result in a potentially significant physical impact on the environment. Council Districts 3 and 6. (Public Works/Transportation)
TO BE HEARD AFTER ITEM 9.1