Title
Public Hearing to Consider Adoption of Resolution Confirming the Park Street Business Improvement Area Assessment Report for Fiscal Year 2024-25 and Levying an Assessment on the Park Street Business Improvement Area with a Consumer Price Index Adjustment of 2.6 Percent for Fiscal Year 2024-25.
This action involves government fiscal activities which do not include a commitment to any project which may result in a potentially significant physical impact on the environment and is exempt from the California Environmental Quality Act (CEQA), pursuant to CEQA Guidelines section 15378(b)(4). (Base Reuse and Economic Development 10061810)
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To: Honorable Mayor and Members of the City Council
From: Jennifer Ott, City Manager
EXECUTIVE SUMMARY
The Alameda City Council will hold a public hearing to levy an annual assessment on the businesses within the Park Street Business Improvement Area (BIA), which is managed on behalf of the City of Alameda (City) by the Downtown Alameda Business Association (DABA). The public hearing allows business owners in the BIA an opportunity to comment on or protest, the proposed annual assessment.
On April 16, 2024, City Council adopted a resolution declaring its intention to set the proposed Fiscal Year (FY) 2024-25 BIA levy with the annual Consumer Price Index (CPI) adjustment of 2.6 percent. (File No. 2024-3893)
Staff requests that the City Council hold a public hearing and adopt a resolution to confirm the Park Street BIA's annual report and to levy the annual BIA assessment for FY 2024-25.
BACKGROUND
In 1989, pursuant to Streets and Highways Code Section 36500, et seq., the City Council established regulations for BIAs in the Park Street and Webster Street commercial areas. This staff report is for the Park Street BIA, which is managed by DABA.
The Park Street BIA is funded from fees collected by the City from all businesses within the business district. The pooling of resources improves the business district as a w...
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