REPORT TO THE CITY COUNCIL
April 30, 2015
FROM: JENNIFER CLARK, Director
Development and Resource Management Department
BY: LUPE PEREZ, Downtown Project Manager
Development and Resource Management Department
SUBJECT
Title
Approval of 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 (Property located in District 3)
1. RESOLUTION -Declaring its intention to renew the DFPBID and establishing a time and place for a public hearing thereon and giving notice thereof
2. Authorize the City Manager to execute the Assessment Ballot on behalf of the City of Fresno
Body
RECOMMENDATION
Staff recommends that the Council approve the attached Resolution of Intention to renew the DFPBID and set a public hearing thereon for June 18, 2015 at 1:30 P.M.
Authorize the City Manager to execute the attached Assessment Ballot on behalf of the City in support of the DFPBID renewal.
EXECUTIVE SUMMARY
The DFPBID was formed in 2010 for a five-year term ending on December 31, 2015. 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 District. The Property and Business Improvement District (PBID) Law of 1994 that authorizes creation of the DFPBID 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
About PBIDs
The PBID is a common and important tool for downtown revitalization throughout the U.S. Through a PBID, property owners pool their res...
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