Establishment of the Story Road Business Improvement District and Approval to Levy Assessments in the Story Road Business Improvement District for Fiscal Year 2026-2027.
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The source text indicates this attachment appears to be a draft document.
The memorandum outlines the establishment of the Story Road Business Improvement District (SRBID) and the approval to levy assessments for Fiscal Year 2026-2027. It includes recommendations for conducting public hearings, adopting resolutions, and authorizing agreements for the management of the district. The SRBID aims to enhance business visibility, safety, and community engagement through various initiatives funded by assessments on local businesses. The document details the assessment structure, expected revenue, and planned services, including cleanliness, marketing, and administration.
Key points
Establishment of the Story Road Business Improvement District (SRBID).
Public hearings scheduled for April 7, 2026.
Assessment fees proposed at a flat rate of $350 for businesses up to 25,000 square feet.
Expected annual revenue of approximately $129,185 based on historical collection rates.
Services funded by assessments include cleanliness, marketing, and administrative support.
Limitations
The document includes placeholders and unresolved sections, such as specific dates and details regarding the assessment methodology.
The timeline for the creation of the SRBID includes dates that may not be finalized.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 17,396 chars
COUNCIL AGENDA: FILE: ITEM: TO: HONORABLE MAYOR AND CITY COUNCIL SUBJECT: See Below Approved 4/7/26 26-350 8.1 FROM: Jen Baker DATE: March 16, 2026 Date: 3/17/26 COUNCIL DISTRICT: 7 SUBJECT: Establishment of the Story Road Business Improvement District and Approval to Levy Assessments in the Story Road Business Improvement District for Fiscal Year 2026-2027 RECOMMENDATION (a) Conduct a public hearing and approve an ordinance to establish the Story Road Business Improvement District. (b) Conduct a public hearing and adopt a resolution approving the Business Improvement District Management Plan and the levy of assessments for the Story Road Business Improvement District for Fiscal Year 2026-2027. (c) Adopt a resolution authorizing the City Manager or her designee to negotiate and execute an agreement with the Story Rd. Business Association, Inc. for the administration of the Story Road Business Improvement District. SUMMARY AND OUTCOME Approval of this action will result in the formation of the Story Road Business Improvement District (SRBID) and the levy of assessments on assessed businesses for Fiscal Year 2026-2027. The City Council may incorporate any input from the public...
Official source link unavailable.
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 an ordinance establishing the Story Road Business Improvement District (SRBID) in San José, California, pursuant to the Parking and Business Improvement Area Law of 1989. It outlines the formation process, boundaries, assessment rates, penalties for non-payment, and the administration of the district. The ordinance indicates that no majority protest was received against the establishment of the SRBID and that the City Council finds the businesses will benefit from the improvements funded by the assessments.
Key points
Establishment of the Story Road Business Improvement District (SRBID).
Boundaries of the SRBID include specific street names and addresses.
Annual base assessment rate for businesses is $350, with additional charges for larger businesses.
Penalties for late payment of assessments are outlined.
The City will collect assessments and disburse them to the Story Rd. Business Association, Inc. (SRBA).
The fiscal year for the SRBID is from July 1 to June 30.
New businesses are not exempt from assessments.
No majority protest was received against the formation of the SRBID.
Limitations
The document appears to be a draft, as indicated by the repeated mention of 'DRAFT' and the instruction to contact the City Clerk for the final document.
Specific dates for the passage of the ordinance and the vote results are missing.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 9,784 chars
SAW:KMM:KMF 02/20/2026 ORDINANCE NO. _____ AN ORDINANCE OF THE CITY OF SAN JOSE ESTABLISHING THE STORY ROAD BUSINESS IMPROVEMENT DISTRICT PURSUANT TO THE PARKING AND BUSINESS IMPROVEMENT AREA LAW OF 1989 WHEREAS, under and pursuant to the provisions of the Parking and Business Improvement Area Law of 1989, Section 36500 et seq. of the California Streets and Highways Code (“’89 Law”), the City Council of the City of San José (“City”) on February 3, 2026 adopted Resolution No. RES2026-28, titled “A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN JOSE DECLARING ITS INTENTION TO ESTABLISH THE STORY ROAD BUSINESS IMPROVEMENT DISTRICT PURSUANT TO THE PARKING AND BUSINESS IMPROVEMENT AREA LAW OF 1989; FIXING THE TIME AND PLACE OF A PUBLIC MEETING AND PUBLIC HEARING AND GIVING NOTICE THEREOF; AND APPOINTING AN ADVISORY BOARD TO ADVISE THE CITY COUNCIL ON ALL ISSUES RELATED TO THE STORY ROAD BUSINESS IMPROVEMENT DISTRICT”; and WHEREAS, Resolution No. RES2026-28 was duly published, and copies of Resolution No. RES2026-28 were mailed to the affected businesses, as required by the ‘89 Law; and WHEREAS, as specified in Resolution No. RES2026-28, a public meeting concerning the formation of the...
Official source link unavailable.
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 City Council of San José, approving the budget report for the Story Road Business Improvement District (SRBID) and levying assessments for the fiscal year 2026-2027. It outlines the establishment of the SRBID, the assessment rates for businesses, and the budgeted revenue. The resolution also mentions a public hearing regarding the assessments and indicates that there were protests against the levy, although specific numbers are not provided.
Key points
The resolution approves the budget report for the Story Road Business Improvement District.
The assessment rate for businesses is set at $350 annually, with additional charges for larger businesses.
The total projected revenue for fiscal year 2026-2027 is approximately $129,185.
A public hearing was conducted on April 7, 2026, regarding the levy of assessments.
The resolution states that there were written and oral protests against the assessments, but specific numbers are not filled in.
Limitations
The document contains placeholders for the number of written and oral protests, which are not filled in.
The document is a draft and not finalized.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 3,756 chars
SAW:KMM:KMF 02/20/2026 RESOLUTION NO. ________ A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN JOSE APPROVING THE BUDGET REPORT OF THE STORY ROAD BUSINESS IMPROVEMENT DISTRICT AND LEVYING ASSESSMENTS FOR FISCAL YEAR 20262027 WHEREAS, on April 7, 2026, the City Council of the City of San José (“City”) approved Ordinance No. _____ to establish the Story Road Business Improvement District ("SRBID") pursuant to Streets and Highways Code Section 36500 et seq, commonly referred to as the Property and Business Improvement Area Law of 1989 (“’89 Law”); and WHEREAS, on February 3, 2026, the City Council adopted Resolution No. RES2026-29 declaring its intention to levy assessments, subject to the establishment of the SRBID, for fiscal year 2026-2027 and set April 7, 2026 as the date of the public hearing on the levy of the proposed assessments; and WHEREAS, notice of the public hearing was duly published as provided in Section 36534 of the ‘89 Law; and WHEREAS, businesses operating within the SRBID will be charged a base assessment rate of $350.00 annually, and for businesses occupying more than 25,000 square feet of commercial space, every additional 25,000 square feet will generate an...