HomeMy WebLinkAboutReso 2004-256
RESOLUTION NO. 2004-256
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 from the affected property owners in 2001, and became effective on
January I, 2002 under a management agreement with the Downtown Business Association
(DBA); and
WHEREAS, Section VI (C) of the adopted management plan 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, on July 7, 2004, the PBID Board of Directors voted unanimously to
recommend an assessment increase of 3.0 percent, which is consistent with the CPI increase; and
WHEREAS, the increase will take effect for the 2004/2005 tax year, for which property
tax bills are due in December 2004 and April 2005; 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 that 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 3.0 percent for Fiscal Year 2004/2005, and authorizes and
directs staff to take all appropriate measures to implement the increase.
Presented by
Approved as to form by
(Á ý ;V. ~
Ann Moore
City Attorney
Resolution 2004-256
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City ofChula Vista,
California, this 3rd day of August, 2004, by the following vote:
AYES: Councilmembers: Davis, McCann, Rindone, and Padilla
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: Salas
ATTEST:
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Susan Bigelow, MMC, City C k
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. 2004-256 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 3rd day of August, 2004.
Executed this 3rd day of August, 2004.
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Susan Bigelow, MMC, City C k