HomeMy WebLinkAboutReso 2002-286 RESOLUTION NO. 2002-286
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING DOWNTOWN PROPERTY AND
BUSINESS IMPROVEMENT DISTRICT ANNUAL COST OF
LIVING ASSESSMENT ADJUSTMENT
WHEREAS, the Downtown Property and Business Improvement District (PBID) was
established by a vote of affected property owners in 2001 and became effective on January 1,
2002 under a management agreement with the Downtown Business Association (DBA); and
WHEREAS, the adopted Management Plan, Section VI (C) provides for annual Cost of
Living Adjustments (COLA) based on the regional San Diego Consumer Price Index (CPI) or 5
percent, whichever is less; and
WHEREAS, the PBID Board of Directors voted unanimously to recommend the adoption
of the COLA permitted by the Management Plan and based on the current CPI of 3.6 percent,
said increase taking effect with property tax assessment bills sent out in December 2002 and
April 2003; and
WHEREAS, the City of Chula Vista recognizes the important work of the PBID in the
revitalization and improvement of the downtown area and concurs with the provisions of the
Management Plan with respect to annual COLA increases; and
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista
does hereby approve a Downtown Property and Business Improvement District Cost of Living
Assessment Adjustment of 3.6 percent for Fiscal Year 2002/2003, and authorizes and directs
staffto take all appropriate measures to implement same.
Presented by Approved as to form by
Chris Salomone -- / ~ M. Kaheny ~
Community Development Director City Attorney
Resolution 2002~286
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 6th day of August, 2002, by the following vote:
AYES: Councilmembers: Davis, Padilla, Rindone, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
ATTEST:
Susan Bigelow, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2002-286 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 6th day of August, 2002.
Executed this 6th day of August, 2002.
Susan Bigelow, City Clerk