City Council

Item 331: Fiscal Year 2024 Property and Business Improvement District Budget.\nThis item will be considered in the afternoon session which is scheduled to begin at\n2:00 p.m.\nTotal Estimated Cost of Proposed Action and Funding Source:\nThe FY 2024 Downtown Property and Business Improvement District (PBID) budget\nincludes: Fund Balance ($500,000); Non-City Parcel Assessments ($11,027,292); City-\nowned parcels assessments ($758,804); Federal Parcel Adjustment (-$191,894); Water\nFeature Reimbursement ($20,000); and Gas Tax Fund Allocation for median maintenance\n($27,028).\nCouncil District(s) Affected: 3.\nProposed Actions:\n(R-2023-760)\nResolution approving the Annual Report submitted in connection with the Downtown\nPBID for Fiscal Year 2024 and related funding actions.\nCommittee Actions Taken:\nThis item was heard at the Economic Development and Intergovernmental Relations\nCommittee meeting on May 17, 2023.\nACTION: Motion by Committee Member Lee, second by Second by Chair Campillo, to\nrecommend Council approval of staff’s proposed actions.\nVOTE: 4-0; Campillo-yea, Montgomery Steppe-yea, Campbell-yea, Lee-not yea.\nEconomic Development: Christina Bibler, (619) 236-6421\nCity Attorney Contact: Daphne Z. Skogen