Form Rev 3/6/2023
RESOLUTION NO. __________
RESOLUTION OF THE CITY COUN CIL OF THE CITY OF
CHULA VISTA APPROVING THE 2024 ANNUAL REPORT
FOR THE DOWNTOWN CHULA VI STA PROPERTY -BASED
IMPROVEMENT DISTRICT
WHEREAS, the City Council of the City of Chula Vista established a Third Avenue Property-Based Improvement District (PBID) on July 24, 2001; and
WHEREAS, the PBID was renewed in 2006 for an additional ten years; and
WHEREAS, the PBID was renewed in 2016 for an additional ten years and is currently in its eighth year of the ten -year term (for the period January 1, 2017 through December 31, 2026) ; and
WHEREAS, the Third Avenue Village Association was the original owners’ association for the PBID; and
WHEREAS, in May 2023, the City consented to Third Avenue Village Association assigning all its rights and obligations as PBID administrator to the Greater Third Avenue Improvement Association, doing business as Downtown Chula Vista; and
WHEREAS, the owne r’s association is required by the California Streets and Highways Code to prepare an annual report for City Council consideration; and
WHEREAS, Greater Third Avenue Improvement Association, doing business as Downtown Chula Vista, has submitted its annual report for Fiscal Year January 1, 2024, through December 31, 2024, and filed it with the City Clerk.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista, that it accepts Greater Third Avenue Improvement Association’s 2024 annual report for the Downtown Chula Vista Property-Based Improvement District.
Presented by Approved as to form by
Tiffany Allen Marco A. Verdugo
Assistant City Manager City Attorney