Actions Related to the Japantown Business Improvement District Fiscal Year 2026-2027 Budget Report, Fiscal Year 2026-2027 Annual Assessments, and Setting a Public Hearing on the Levy of Assessments.

This memorandum discusses actions related to the Japantown Business Improvement District (BID) for the Fiscal Year 2026-2027, including the preliminary approval of the budget report, the adoption of a resolution to levy annual assessments, and the scheduling of a public hearing. The Japantown BID aims to promote economic revitalization and maintenance of the area. The budget report includes proposed income and expenses, with no changes to the BID boundaries. The memorandum outlines the process for City Council approval and the anticipated fiscal impacts.

Key points

• The memorandum is addressed to the Mayor and City Council regarding the Japantown BID.
• It includes recommendations for the Fiscal Year 2026-2027 Budget Report and annual assessments.
• A public hearing is scheduled for June 16, 2026, to discuss the proposed assessments.
• The Japantown BID was established in 1990 to enhance the economic and physical environment of the area.
• The budget report includes a list of proposed improvements and activities for the upcoming fiscal year.
• The Advisory Board will present a budget for the 2027-2028 fiscal year next year.
• The proposed budget for FY 2026-2027 is estimated at $28,575 in assessments, with additional revenue anticipated from various sources.

Limitations

• The document contains placeholders and unfilled sections that affect the completeness of the summary.
• Specific dates and details regarding the public hearing and budget approval process are mentioned but not fully elaborated.

Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.

The source text indicates this attachment appears to be a draft document.

This document is a resolution from the City Council of San Jose declaring its intent to levy assessments for the Japantown Business Improvement District for the fiscal year 2026-2027. It outlines the proposed improvements and activities to be funded, the absence of changes to the district's boundaries or assessment methods, and sets a public hearing date for June 16, 2026, to gather public input on the proposed assessments.

Key points

• The resolution declares the intent to levy assessments in the Japantown Business Improvement District for Fiscal Year 2026-2027.
• Proposed improvements include Farmer's Market, marketing, street cleaning, maintenance, tree maintenance, infrastructure repairs, and office expenses.
• No changes are proposed to the boundaries or assessment methods from the previous fiscal year.
• A public hearing is scheduled for June 16, 2026, at 1:30 p.m. to discuss the proposed assessments.
• Written protests against the assessments can be submitted to the City Clerk before the public hearing.

Limitations

• The document appears to be a draft as indicated by the repeated mention of 'DRAFT' and instructions to contact the City Clerk for the final document.
• The resolution number and adoption date are not filled in.
• The specific details regarding the vote (AYES, NOES, ABSENT, DISQUALIFIED) are not provided.

Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.