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This memorandum discusses the public hearing on the Monterey Corridor Business Improvement District (MCBID) and the levy assessments for Fiscal Year 2026-2027. It includes recommendations for conducting a public hearing and adopting a resolution to approve the MCBID Budget Report. The MCBID was established in 2024 to enhance the economic vitality of the Monterey Road business corridor. The memorandum outlines the required public hearing process, the budget report details, and the administrative aspects of the MCBID assessments.
Key points
The public hearing is scheduled for June 2, 2026.
The MCBID was established in 2024 under California law.
The proposed budget for FY 2026-2027 is $252,000.
The budget includes allocations for safety, cleanliness, marketing, and administrative services.
The City Council must consider protests against the BID during the public hearing.
Limitations
The document contains placeholders for attachments that are not fully detailed in the text.
Specific financial details such as dollar amounts for assessments and administrative fees are mentioned but not fully detailed.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 22,115 chars
COUNCIL AGENDA: FILE: ITEM: TO: HONORABLE MAYOR AND CITY COUNCIL SUBJECT: See Below Approved 6/2/26 26-663 8.3 FROM: Jen Baker DATE: May 11, 2026 Date: 5/14/26 COUNCIL DISTRICT: 7 SUBJECT: Public Hearing on the Monterey Corridor Business Improvement District and Levy Assessments for Fiscal Year 2026-2027 RECOMMENDATION Conduct a public hearing and adopt a resolution approving the Monterey Corridor Business Improvement District Budget Report for Fiscal Year 2026-2027, as filed or modified by City Council and levying the Monterey Corridor Business Improvement District assessments for Fiscal Year 2026-2027. SUMMARY AND OUTCOME Approval of this action will result in the levy of assessments for the upcoming fiscal year of the Monterey Corridor Business Improvement District (MCBID). BACKGROUND The MCBID was established by City Council in 2024 pursuant to the California Parking and Business Improvement Area Law of 1989 (BID Law) to promote the economic revitalization and physical maintenance of the Monterey Road business corridor. City Council appointed the Monterey Corridor Business Association (MCBA) as the Advisory Board (Advisory Board) for the MCBID, to advise City Council on the...
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The file was imported, but the current source metadata does not include a public document URL.
Generated summaryAI-assisted
The source text indicates this attachment appears to be a draft document.
This document is a draft resolution from the Council of the City of San José, approving the Monterey Corridor Business Improvement District Budget Report for Fiscal Year 2026-2027 and levying assessments for that fiscal year. It outlines the establishment of the Business Improvement District, the adoption of a prior resolution declaring the intention to levy assessments, and the findings regarding protests against the assessments. The resolution is set to be adopted on an unspecified date in 2026.
Key points
The resolution pertains to the Monterey Corridor Business Improvement District (BID).
The BID was established by Ordinance No. 31159 on December 10, 2024.
A public hearing regarding the assessments was held on June 2, 2026.
The resolution states there were written and oral protests against the assessments, but it concludes there is no majority protest.
The Budget Report for Fiscal Year 2026-2027 is approved.
The resolution authorizes the levying of assessments for Fiscal Year 2026-2027.
Limitations
The document contains unresolved placeholders for the number of written and oral protests.
The adoption date and vote details are not filled in.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 3,134 chars
SAW:KMM:KMF 05/14/2026 RESOLUTION NO. ______________ A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN JOSE APPROVING THE MONTEREY CORRIDOR BUSINESS IMPROVEMENT DISTRICT BUDGET REPORT FOR FISCAL YEAR 2026-2027, AS FILED OR MODIFIED BY THE CITY COUNCIL, AND LEVYING THE MONTEREY CORRIDOR BUSINESS IMPROVEMENT DISTRICT ASSESSMENTS FOR FISCAL YEAR 2026-2027 WHEREAS, the Council of the City of San José established the Monterey Corridor Business Improvement District (“BID”) pursuant to the California Parking and Business Improvement Area Law of 1989 (California Streets and Highways Code Section 36500 et seq.) (“BID Law”) by Ordinance No. 31159, dated December 10, 2024; and WHEREAS, under and pursuant to the BID Law, on May 19, 2026, the Council adopted Resolution No. RES2026-127, declaring the Council's intention to levy the assessments for Fiscal Year 2026-2027 in the BID; and WHEREAS, said Resolution No. RES2026-127 was duly published, as provided by the BID Law; and WHEREAS, as specified in Resolution No. RES2026-127, a public hearing concerning the levy of assessments for Fiscal Year 2026-2027 was held before the Council on June 2, 2026, at the meeting beginning at 1:30 p.m. in the...