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City CouncilNovember 19, 2024PUBLIC HEARING – RESOLUTION CONFIRMING ANNUAL REPORT OF RDP AND LEVYING DOWNTOWN BIA ASSESSMENTS FOR CALENDAR YEAR 2025Finance Department RiversideCA.gov2
BACKGROUND•The Riverside Downtown Parking and Business Improvement Area or “Downtown BIA” was formed in 1985•California Streets and Highways Code Section 36500 requires that Business Improvement Area assessments be approved by the City Council annually1 2 11/6/2024
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The annual approval of the Downtown BIA assessment is a two-meeting process:Meeting1:•Adoption of a Resolution of Intention – October 22, 2024•Publication of Resolution of Intention in Newspaper 7 days prior to public hearing•Notice of public hearing mailed to all businesses within the Downtown BIAMeeting 2:•Public hearing – November 19, 2024•Presentation from Riverside Downtown PartnershipANNUAL APPROVAL PROCESS RiversideCA.gov4
BIA BOUNDARIES AND ASSESSMENTS•No changes are proposed to the Downtown BIA boundaries •No changes are proposed to the Downtown BIA assessment method 3 4
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Strategic Priority 3 – Economic Opportunity Goal 3.1 – Facilitate partnerships and programs to develop, attract and retain innovative business sectors.Cross-Cutting Threads
STRATEGIC PLAN ALIGNMENT
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That the City Council:1. Conduct a Public Hearing to hear and rule on anyprotests to the annual assessment proposed for theRiverside Downtown Parking and Business ImprovementArea annual assessment and projects for Calendar Year2025; and2. Adopt a Resolution confirming the annual report of theRiverside Downtown Partnership, acting as the advisoryboard to the Downtown Parking and BusinessImprovement Area and levying assessments forCalendar Year 2025.RECOMMENDATIONS5 6