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Page 1 of 3 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />STAFF REPORT <br />To the Honorable Mayor and City Council <br />From the City Manager <br />DATE: October 27, 2025 <br />SUBJECT <br />Accept annual report from the Redwood City Improvement Association (RCIA) <br />RECOMMENDATION <br />Adopt a resolution accepting the annual report and financial statement for Fiscal Year 2023-2024 from <br />the Redwood City Improvement Association and authorizing the Redwood City Improvement Association <br />to implement the services identified in the Management District Plan. <br />STRATEGIC PLAN GUIDING PRINCIPLE <br />Economic Vitality <br />BACKGROUND <br />In 2014, downtown Redwood City property owners voted to approve the creation of a Community Benefit <br />Improvement District (CBID). The property owners created this association to fund special benefits <br />beyond normal City services that support downtown Redwood City as the premier entertainment and <br />dining destination on the Peninsula. In 2015, the City entered into a Management and Disbursement <br />Agreement with the Redwood City Improvement Association to act as the owners’ association for the <br />CBID and manage and administer the CBID. <br /> <br />Every property owner within the district pays an assessment for each property owned that is used within <br />the district to keep the downtown attractive, clean, safe, and orderly and to publicize the downtown. In <br />turn, RCIA funds five basic categories of services: sidewalk operations and beautification, district identity <br />and signage, parking management, administration and program management, and the <br />maintenance of a reserve fund. <br />8.A. - Page 1 of 33 <br />13