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9.B. - Page 22 <br /> What is the timeline /process? <br /> The attached survey is the first step in this process. Our timeline for formation of the CBID is as <br /> follows: <br /> • November — survey mailed to all property owners in downtown <br /> • Early December — review of survey responses by the Steering Committee, determination <br /> if the level of support exists to proceed with formation and the type, frequency and <br /> scope of special benefit services; <br /> • Mid December — Look at other similar districts, vote by the Steering Committee to move <br /> to the formation stage if support is warranted through the survey; <br /> • January — write the CBID plan that lays out the type, frequency and costs of special <br /> benefit services, boundaries set, benefit zones if any, term and management of the <br /> district; <br /> • February — the CBID plan is approved by the Steering Committee and sent to an <br /> assessment engineer to ensure that it complies with the state constitution. Plan given <br /> to the City Attorney for review and approval; <br /> • March — a petition drive is initiated in which 30% of the weighted property owners <br /> (determined by dollar amount paid into the CBID, must sign an endorsement form <br /> asking the City Council to trigger a mail balloting procedure; <br /> • April — Petition drive completed; <br /> • May — The City adopts a Resolution of Formation for the Downtown CBID, ballots are <br /> mailed out to every property owner in Downtown; <br /> • June /July - Public hearing is held in which the return ballots are counted. lithe <br /> weighted ballots of support exceed the weighted ballots in opposition, the CBID is <br /> formed after a Resolution of Formation is adopted by the City Council; <br /> • Fall 2014 — the first CBID assessments will appear on the San Mateo property tax bills; <br /> • December 2014, the first CBID assessments will be transferred to the designated district <br /> management corporation established by the property owners. <br /> If approved, how long with the CBID assessment remain on my property? <br /> In Redwood City, the CBID ordinance will have a maximum life of 20 years. This maximum <br /> length of time is to allow property owners to determine if they wish to fund long term capital <br /> improvement projects that will provide special benefit to their district. The district can be <br /> formed for any amount of time, not to exceed 20 years. Once the district term has been <br /> completed, the provisions for establishment are repeated in order to continue to fund special <br /> benefit services if that is the will of the benefiting property owners. <br /> With the elimination of Redevelopment and tax increment financing, any new improvements to <br /> downtown will need to be created by Downtown property owners working with the City <br /> Council and City Manager's office. <br /> 7 <br />