HomeMy WebLinkAboutReso 2003-302RESOLUTION NO. 2003-302
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 lhe COLA permitted by the Management Plan and based on the current CPI of 4.0 percent,
sak increase taking effect with property tax assessment bills sent out in December 2003 and
April 2004; 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 4.0 percent for Fiscal Year 2003/2004, and authorizes and directs
staff to take all appropriate measures to implement same.
Presented by
Approved as to form by
CommJmity Development Director
Ann Moore
City Attorney
Resolution 2003-302
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 15th day of July, 2003, by the following vote:
AYES:
Councilmembers:
Davis, McCarm, Rindone, Salas and Padilla
NAYS:
Councilmembers: None
ABSENT:
ATrEST:
Councilmembers:
None
Susan Bigelow, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, Califomia, do hereby certify that the foregoing
Resolution No. 2003-302 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 15th day of July, 2003.
Executed this 15th day of July, 2003.
Susan Bigelow, City Clerk