REPORT TO THE CITY COUNCIL
FROM: JERRY DYER, Mayor
Office of Mayor & City Manager
BY: GREGORY A. BARFIELD, Assistant City Manager
Office of Mayor and City Manager
LUPE PEREZ, Director
Economic Development Department
SUBJECT
Title
HEARING to approve items related to the renewal of the Downtown Fresno Property and Business Improvement District (DFPBID) upon verification of sufficient number of valid petitions collected to support the renewal of the district:
1. RESOLUTION - of Intention to Renew the DFPBID; and setting the public hearing for THURSDAY, JULY 21, 2022, at 9:00 am.
Body
RECOMMENDATION
Staff recommends that the Council approve the attached Resolution of Intention to renew the Downtown Fresno Property and Business Improvement District (DFPBID) and set a public hearing thereon for July 21, 2022, at 9:00 A.M.
EXECUTIVE SUMMARY
The DFPBID was formed in 2010 for a five (5) year term ending on December 31, 2015. The DFPBID was subsequently renewed for another seven (7) year term. As the DFPBID reaches the end of its term, property owners have expressed a desire to renew the program. The DFPBID will continue to provide a steady funding source to the Downtown Fresno Partnership (DFP) through an assessment levied on property owners within the DFPBID. The Property and Business Improvement District Law of 1994 authorized creation of the DFPBID, and requires that a municipal entity renew the DFPBID. The DFP will continue to serve as the DFPBID's Owner's Association. The Owner's Association is charged with managing funds and implementing programs in accordance with the attached PBID Management District Plan.
BACKGROUND
The Property and Business Improvement District (PBID) is a common and important tool for downtown revitalization throughout the U.S. Through a PBID, property owners pool their resources, talents, and energy to address the unique needs of a defined area. PBID revenues generated through special assessme...
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