Title
Recommendation to Approve the Park Street Business Improvement Area (BIA) Annual Assessment Report; and
Adoption of Resolution of Intention to Levy an Annual Assessment on the Park Street BIA for Fiscal Year 2023-24, and Set a Public Hearing for May 2, 2023 to Levy an Annual Assessment on the Park Street BIA. (Community Development 10061810)
Body
To: Honorable Mayor and Members of the City Council
From: Jennifer Ott, City Manager
EXECUTIVE SUMMARY
The Park Street Business Improvement Area (BIA)-which is managed by the Downtown Alameda Business Association (DABA)-is funded in part from an assessment collected by the City of Alameda (City) from all businesses within that business district. Every year, DABA presents a report to the City Council on the activities and expenditures that have occurred during the past fiscal year. The annual report also provides recommendations on the proposed expenditure of BIA revenues for the next fiscal year (FY).
For the past three years during the pandemic and the unprecedented challenges it placed on local businesses, DABA had requested that there be no annual Consumer Price Index (CPI) adjustment to the assessment fees. As we are now emerging from the public health and economic crises, DABA supports resuming an annual CPI adjustment, which is 4.9 percent for this fiscal year.
Staff is requesting that the City Council adopt a resolution setting a public hearing on May 2, 2023 to levy the annual BIA assessment for FY 2023-24.
BACKGROUND
In 1989, following the Parking and Business Improvement Area Law of 1979 in the California Streets and Highways Code, City Council established regulations for Business Improvement Areas (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 that business district. The pooling of resources improves the business d...
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