7/14/2025
1 RiversideCA.gov1
RiversideCA.gov
AUTO CENTER BUSINESS IMPROVEMENT DISTRICTANNUAL ASSESSMENT City CouncilAugust 5, 2025Finance Department RiversideCA.gov2
BUSINESS IMPROVEMENT DISTRICT (BID)•July 26, 2011 – City Council approved formation of Auto Center Business Improvement District–General business and event promotions–Advertise Auto Center BID Businesses–Electronic display sign operation and maintenance–Maintenance and repair of entryway monuments and landscaping•Each business within the Auto Center BID assessed $6,100 per year 1 2
7/14/2025
2 RiversideCA.gov3
BID FUNDING AGREEMENT•Funding Agreement–Approved by City Council September 5, 2023–Agreement is for 5 years at $100,000 per year–In exchange for 15% advertising time on electronic sign –Expiration September 1, 2028 RiversideCA.gov4
ANNUAL APPROVAL PROCESS•Section 36533 California Streets & Highways Coderequires that each year City Council:–Adopt a Resolution of Intention, file an Annual Reportsubmitted by the Riverside New Car Dealers Association, set apublic hearing•Completed July 15, 2025–Conduct a public hearing and rule on any public protests–Confirm the Annual Report–Adopt a Resolution authorizing the Auto Center BIDassessments for the next Fiscal Year 3 4
7/14/2025
3 RiversideCA.gov5
BID BOUNDARIES AND ASSESSMENT•No changes proposed tothe Auto Center BIDboundaries•No changes proposed tothe Auto Center BIDassessment amount RiversideCA.gov6
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
5 6
7/14/2025
4 RiversideCA.gov7
That the City Council:1. Conduct a public hearing to hear and rule on anyprotests to the Auto Center BID assessment andprojects for FY 2025/262. Adopt a Resolution confirming the Annual Report ofthe Riverside New Car Dealers Association acting in itscapacity as the Advisory Board to the Auto CenterBusiness Improvement District and levying assessmentsfor the Fiscal Year beginning September 1, 2025RECOMMENDATIONS7