AgdaPkt 2014-07-28 Closed, Special and Joint SA

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8.A. - Page 2 The City forms a CBID pursuant to its Community Benefit Improvement District Ordinance. Below is a summary of the major milestones in the formation of the Downtown Redwood City CBID that have been completed to date. • In July 2013, the City of Redwood City Council entered into a Consultant Services Agreement with New City America, Inc. (NCA) to assist property owners in exploring the feasibility of a downtown assessment district. NCA worked with City staff to assemble a CBID Steering Committee, which met several times during the course of the CBID outreach phase. Several downtown property owners were invited to attend and informed of the initiative. Meetings were held with some of the larger property owners. Presentations have also been made at the Redwood City Chamber of Commerce and the Downtown Business Group. • A survey was developed to determine the feasibility of a Downtown CBID and obtain feedback regarding the types and levels of enhanced services desired. The Steering Committee provided input on the survey and reviewed the survey results. Based upon the responses, the boundaries were set and the District Management Plan was drafted. • The Steering Committee adopted a Management District Plan, which outlines the special benefits to be funded, the term of the district, the boundaries, benefit zones, and the assessment methodology that identifies a formula for determining the costs attributable to each property owner. The proposed budget of the CBID in FY 2013 -14 is $795,781 to be funded by assessments on all properties in Downtown. The funds will provide enhanced maintenance, beautification, marketing services over and above baseline services provided by the City and also funding for the administrative functions of managing a District of this size and scope. • NCA launched a petition drive. Once the 30% weighted threshold petition in support of the CBID was met, the petitions were submitted to the City for processing. • Staff also provided several updates to the Economic Development Subcommittee throughout the process. • On June 9, 2014, the City Council adopted a Resolution of Intention which instructed the City Clerk to mail ballots to every affected property owner within the boundaries of the district. On June 12, 2014, the City Clerk mailed the ballots, which included the assessment amount and enabled the property owner the opportunity to register support or opposition towards the formation of the district. The ballot packet (which constituted notice of the public hearing) included the following (attached in Exhibit 3): • Cover Letter with notice of Public Hearing • Ballot Instructions - Procedures For Completion, Return And Tabulation of the Assessment Ballot • An Official Ballot • Ballot Return Envelope