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9.A. - Page 6 <br /> • Updates on the proposed CBID were provided to the Economic Development <br /> Subcommittee at their October 21, 2013; January 27, 2014; February 24, 2014 <br /> and April 28, 2014 meetings. <br /> • City staff and Marco LiMandri from New City America met with large and small <br /> property owners to explain the initiative, answer questions and request their <br /> completion of the survey, the property verification form, and the petition. <br /> ALTERNATIVES <br /> The City could choose not to adopt the resolution even if there are sufficient votes. <br /> FISCAL IMPACT <br /> There is no fiscal impact by adopting a Resolution of Intent other than the costs <br /> associated with the noticing and hearing process. In addition, if the CBID is approved, <br /> the annual obligation of the City in FY 2014-15 will be $62,251. <br /> ENVIRONMENTAL REVIEW <br /> This action is not a "project" within the meaning of the California Environmental Quality <br /> Act because the action contemplated by this report will not cause a direct physical <br /> change in the environment nor a reasonably foreseeable indirect physical change in the <br /> environment. (Public Resource Code § 21065; Guidelines § 15378) <br /> gJZ,,:b Oia4%„, <br /> SEAN BROOKS <br /> ECONOMIC DEVELOPMENT MANAGER <br /> ROBERT B. BELL <br /> CITY MANAGER <br /> ATTACHMENTS <br /> 1. Resolution of Intention to Establish at Downtown Redwood City Community Benefit <br /> Improvement District <br /> 2. Management Plan <br /> 3. Engineers Report <br /> 4. Petition Cover Letter, Sample Petition (City's petition included), & Management Plan <br /> Summary <br /> 5. Redwood City Petition Response Report 6/4/14 <br /> Page 6 of 6 <br />