Actions Related to the Japantown Business Improvement District 2025-2026 Budget Report, 2025-2026 Annual Assessments, and Setting a Public Hearing on the Levy of Assessments.

This memorandum outlines actions related to the Japantown Business Improvement District (BID) for the 2025-2026 fiscal year, including the preliminary approval of the budget report, the intention to levy annual assessments, and the scheduling of a public hearing. The budget report has been prepared by the Japantown Business Improvement District Advisory Board and proposes a budget of $62,075, which includes various income sources and planned expenses for improvements and activities in the district. The memorandum also details the history of the Japantown BID, the coordination with various city offices, and the public outreach efforts associated with the budget approval process.

Key points

• The memorandum is addressed to the Mayor and City Council regarding the Japantown BID.
• It recommends the preliminary approval of the 2025-2026 Budget Report and the adoption of a resolution to levy annual assessments.
• A public hearing is set for June 17, 2025, at 1:30 p.m.
• The budget report proposes a total revenue of $62,075 for the Japantown BID, including various income sources.
• The Japantown BID was established in 1990 to promote economic revitalization and maintenance of the business district.
• The Advisory Board must present a budget report annually to the City Council as per BID Law.
• The memorandum has been coordinated with multiple city departments and will be posted on the City’s Council Agenda website.

Limitations

• The document contains placeholders and unfilled sections, such as specific dates and details in the attachments.
• Some sections of the text were truncated, leading to incomplete information.

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 2025-2026. 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 17, 2025, 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 2025-2026.
• Proposed improvements include Farmer's Market, marketing, street cleaning, maintenance, graffiti abatement, tree maintenance, infrastructure repairs, office expenses, and utilities.
• No changes are proposed to the boundaries or assessment methods from the previous fiscal year.
• A public hearing is scheduled for June 17, 2025, at 1:30 p.m. for public input on the assessments.
• Written protests against the assessments can be submitted to the City Clerk before the public hearing.

Limitations

• The document contains unresolved placeholders for the resolution number and the date of adoption.
• The specific details of the proposed assessments are not provided in the text.

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