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Update on the Formation of a Business Improvement District (BID) as part of the Downtown Revitalization Plan - 10-1-2025.pdf

Corona City Council
October 1, 2025

Document
Update on the Formation of a Business Improvement District (BID) as part of the Downtown Revitalization Plan - 10-1-2025.pdf
Meeting
October 1, 2025
Body
Corona City Council
Original file
1.4 MB
Text extracted from the city's file for reading and search. Open the original on pub-corona.escribemeetings.com. That file is the official record.

OCT 1, 2025
• Adopted: September 2022
• Began: April 2021
• Community outreach
• 2400+ Survey responses
• Workshops
• Residents
• Businesses
• Focus group discussions
• Market Research
• Best Practices and Tools for
Redevelopment
3 4
N
5 1. Organize: Engage Stakeholders and Define
Boundaries

2. Plan: Develop Management District Plan
(services + budget)

3. Engage: Discussions with property owners
(Prop 218 vote)

4. Approve: Resolution of Formation & City
Council hearings

5. Implement: Collect assessments & provide
services
BID boundary will extend north and south on Main Street, east and west on Sixth Street
October
2025
November
2025 January 2026 February 2026 March 2026
Stakeholders and City staff to meet
and establish the goals and BID and
outline the formation process.

Kickoff Meeting
Stakeholder Meetings
Meetings with Stakeholders/City
to review draft plan,
answer questions and build
consensus.

Draft Management District Plan
• Services description
• Budget
• Assessment Methodology, the cost
to individual properties
Consultant prepares Proposition 218-
Engineer’s Report, boundary map,
and parcel assessment diagram for
the Management District Plan.

Preparation of Engineer’s
Report and Assessment
Diagram
June 2026
Resolution of Intention to
Establish BID
Council adopts Resolution of
Intention, sets Public Hearing date
(June 2026) and approves
Boundary Map.
6 Final Management District Plan
City finalizes plan, incorporating
Engineer’s Report, boundary map,
and assessment roll.

Contract Consultant
Mailed Ballots
Ballot packages mailed pursuant to
Proposition 218 requirements
August 2026
Notice of Assessments
Recorded with County
Recorder’s Office
Levy of
Assessments
on property
Tax Roll for
FY 2026-27
City Council holds public
hearing for BID adoption.
7

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