Report Prepared by: Frank Quintero, Deputy City Manager and Director of Economic Development
Title
SUBJECT: Adoption of a Resolution Initiating the Formation Proceeding for the Property Based Improvement District for Downtown Merced
REPORT IN BRIEF
Developed by a coalition of property and business owners, the Downtown Merced Property Based Improvement District is a proposed benefit assessment district designed to enhance safety, maintenance, and beautification programs in Downtown Merced above and beyond those already provided by the City. Petitions signed by property owners representing greater than 50% of the district budget must be received by the City prior to initiating a ballot procedure to officially establish the Property and Business Improvement District for Downtown Merced. The Council is being asked to adopt a resolution of intent to establish the district.
RECOMMENDATION
City Council - Adopt a motion approving Resolution 2023-53, a Resolution of Intention of the City Council of the City of Merced, California, Initiating Formation Proceedings for the Business Improvements District for Downtown Merced.
Body
ALTERNATIVES
1. Approve as recommended by Staff; or
2. Approve, subject to conditions as specified by the City Council; or,
3. Refer to staff for reconsideration of specific items as requested by the City Council; or
4. Defer action until a specific date; or
5. Deny the request.
AUTHORITY
Charter of the City of Merced, Section 200.
CITY COUNCIL PRIORITIES
City Council Goals & Priorities FY 2023-2024, Downtown (a) (1) Continue with the - Property Based Improvement District (PBID) implementation
City of Merced 2022-2023 Adopted Budget, Section 10, Special Assessment Funds,
Downtown Fund - Objective (1.) "Continue working towards the formation of a Property Based Improvement District.
DISCUSSION
The property and business owners with Downtown Merced (Central Business District) have proposed to establish the Downtown Property Based Improve...
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