HomeMy WebLinkAboutReso 2005-209
RESOLUTION NO. 2005-209
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING THE DOWNTOWN PROPERTY
BASED BUSINESS IMPROVEMENT DISTRICT
ASSESSMENT ADJUSTMENT
WHEREAS, the Downtown Property Based Business Improvement District (PBm) was
established by a vote !Tom the affected property owners in 200 I, and became effective on
January 1,2002 under a management agreement with the Downtown Business Association (the
"Management Plan"); and
WHEREAS, the PBm is financed by assessments levied on the properties within the
PBm; and
WHEREAS, the PBm Management Plan that authorizes the assessment allows an annual
increase in the assessment based on the San Diego Consumer Price Index for all urban
consumers or 5 percent, whichever is less; and
WHEREAS, on June 1, 2005, the PBm Board of Directors voted unanimously to
recommend an assessment increase of 3.65 percent; and
WHEREAS, the increase will take effect for the 2005-2006 tax year, for which property
tax bills will be due in December 2005 and April 2006; and
WHEREAS, the City of Chula Vista recognizes the important work of the PBm in the
revitalization and improvement of the Downtown area and approves the PBID Board of
Director's recommendation of a 3.65 percent increase in the assessment.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista does hereby approve a Downtown Property Based Business Improvement District
Assessment Adjustment of an increase of3.65 percent for Fiscal Year 2005-2006, and authorizes
and directs staff to take all appropriate measures to implement the increase.
Presented by
Approved as to form by
~~/
Lauri Madigan
Direc r of Community Development
(A~
Ann Moore
City Attorney
Resolution No. 2005-209
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 21st day of June, 2005, by the following vote:
AYES:
Councilmembers:
Castaneda, Davis, McCann, and Rindone
NAYS:
Councilmembers:
None
ABSENT:
Councilmembers:
Padilla
c~
. Padilla, Mayor
ATTEST:
-::..-- "'ill II ~ ~ D )
Susan Bigelow, MMC, Cit lerk
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. 2005-209 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 21st day of June, 2005.
Executed this 21st day of June, 2005.
- ~/J.J. I~~ ~ ~
Susan Bigelow, MMC, City C rk
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