Establishment of the Alum Rock Santa Clara Street Business Improvement District and Approval to Levy Assessments in the Alum Rock Santa Clara Street Business Improvement District for the Remainder of Fiscal Year 2025-2026.

The memorandum discusses the establishment of the Alum Rock Santa Clara Street Business Improvement District (ARSCSBID) and the approval to levy assessments for the remainder of Fiscal Year 2025-2026. It includes recommendations for conducting public hearings, adopting resolutions, and negotiating agreements for the district's administration. The ARSCSBID aims to enhance business visibility, safety, and community engagement through various initiatives funded by assessments on local businesses.

Key points

• The memorandum is addressed to the Mayor and City Council regarding the establishment of the ARSCSBID.
• Public hearings are scheduled for January 13, 2026, and February 3, 2026.
• The ARSCSBID will levy assessments on businesses for the remainder of Fiscal Year 2025-2026.
• The assessment fee is proposed to be $350 per business, with an estimated total income of $33,258.75 for the remainder of the fiscal year.
• The funds will be allocated to safety and beautification, marketing and activation, and administration/contingency services.
• The City will collect the assessment fee and remit it to the ARSCSBA Board for district services.

Limitations

• The text includes unresolved placeholders such as the specific date for the public hearing and the final approval date.
• The document does not provide specific outcomes or results from the public hearings.

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 draft ordinance from the City of San José establishing the Alum Rock Santa Clara Street Business Improvement District (ARSCSBID) under the Parking and Business Improvement Area Law of 1989. It outlines the formation process, boundaries, assessment rates, and administrative procedures for the district. The purpose of the ARSCSBID is to generate revenue for maintenance, marketing, and promotion to enhance commercial activity in the area. The ordinance includes provisions for assessment collection, penalties for delinquency, and the disbursement of funds to the Alum Rock Santa Clara Street Business Association, Inc.

Key points

• Establishment of the ARSCSBID pursuant to the '89 Law.
• Public meetings and hearings were held regarding the formation of the district.
• No majority protests were received against the formation.
• The assessment rate for businesses is set at a flat rate of $350.00 annually.
• Penalties for late payment of assessments are outlined, including interest and administrative fees.
• The fiscal year for the ARSCSBID runs from July 1 to June 30.
• New businesses within the district are not exempt from assessments.

Limitations

• The document contains unresolved placeholders for written and oral protests.
• The specific date for passing the ordinance is not filled in.
• The map showing the district boundaries is referenced but not included in the text.

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 draft resolution from the City Council of San José, approving the Business Improvement District Management Plan for the Alum Rock Santa Clara Street Business Improvement District (ARSCSBID) and levying assessments for the remainder of fiscal year 2025-2026. The resolution outlines the establishment of the ARSCSBID, the assessment rate for businesses, and the projected budgeted revenue for the fiscal year. It also mentions a public hearing held on February 3, 2026, regarding the assessments, and indicates that there were written and oral protests against the assessments, although specific numbers are not provided.

Key points

• Resolution No. ________ approving the ARSCSBID Management Plan.
• Assessment rate for businesses in the ARSCSBID is $350.00 annually.
• Projected budgeted revenue for Fiscal Year 2025-2026 is approximately $33,258.75.
• Public hearing on February 3, 2026, regarding the levy of assessments.
• The resolution indicates the absence of a majority protest against the assessments.

Limitations

• Specific numbers for written and oral protests are missing.
• The document contains placeholders for the resolution number and adoption date.

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