Memorandum
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This memorandum provides an update on the San José Flea Market, including the progress of the Flea Market Advisory Group, the Business Transition Program, and the Flea Market Owner's Quarterly Report. The Advisory Group has met three times since its formation in May 2023, focusing on vendor transition and alternative market sites. The City has established a vendor support program through Mission Asset Fund to assist businesses during the transition. The latest quarterly report indicates that the Flea Market closure notice will not be given before January 1, 2024, and outlines ongoing planning efforts for future development.
Key points
- The memorandum is addressed to the Community and Economic Development Committee.
- The subject is the San José Flea Market Update.
- The Flea Market Advisory Group was formed to advise on vendor transition and has met three times since May 2023.
- The City has a Vendor Transition Fund totaling $7.5 million to assist vendors.
- Mission Asset Fund provides technical assistance and loans to vendors.
- The Flea Market Owner's Quarterly Report states that closure notice will not be given before January 1, 2024.
Limitations
- The document does not specify the exact dates for the next status update beyond spring 2024.
- There are unresolved placeholders in the document that may affect the completeness of the summary.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.