Title
Public Hearing to Consider Adoption of Resolution Confirming the Park Street Business Improvement Area Assessment Report for Fiscal Year 2023-24 and Levying an Assessment on the Park Street Business Improvement Area with a Consumer Price Index Adjustment of 4.9 Percent for Fiscal Year 2023-24. (Community Development 10061810)
Body
To: Honorable Mayor and Members of the City Council
From: Jennifer Ott, City Manager
EXECUTIVE SUMMARY
The 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 assessment.
For the past three years during the pandemic and the unprecedented challenges it placed on local businesses, DABA 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 4.9 percent (4.9%) for Fiscal Year (FY) 2023-24.
On April 18, 2023, the City Council adopted a resolution declaring its intention to set the proposed FY 2023-24 BIA levy with the annual CPI adjustment of 4.9 percent (4.9%).
Staff is requesting that 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 2023-24.
BACKGROUND
In 1989, following the Parking and Business Improvement Area Law of 1979 in the California Streets and Highway Code, 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 ...
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