SAW:KMM:KMF
02/20/2026
T-289.010/2286432 1
Council Agenda: 04-07-2026
Item No.: 8.1(b)
DRAFT--Contact the Office of the City Clerk at (408) 535-1260 or [email protected] for final document.
RESOLUTION NO. ________
A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN
JOSE APPROVING THE BUDGET REPORT OF THE
STORY ROAD BUSINESS IMPROVEMENT DISTRICT
AND LEVYING ASSESSMENTS FOR FISCAL YEAR 2026-
2027
WHEREAS, on April 7, 2026, the City Council of the City of San José (“City”) approved Ordinance No. _____ to establish the Story Road Business Improvement District ("SRBID") pursuant to Streets and Highways Code Section 36500 et seq, commonly referred to as the Property and Business Improvement Area Law of 1989 (“’89 Law”); and
WHEREAS, on February 3, 2026, the City Council adopted Resolution No. RES2026-29 declaring its intention to levy assessments, subject to the establishment of the SRBID, for fiscal year 2026-2027 and set April 7, 2026 as the date of the public hearing on the levy of the proposed assessments; and
WHEREAS, notice of the public hearing was duly published as provided in Section 36534 of the ‘89 Law; and
WHEREAS, businesses operating within the SRBID will be charged a base assessment rate of $350.00 annually, and for businesses occupying more than 25,000 square feet of commercial space, every additional 25,000 square feet will generate an additional assessment of $350.00; and
WHEREAS, the total budgeted revenue based on projected collections for Fiscal Year 2026-2027 will be approximately $129,185; and
SAW:KMM:KMF
02/20/2026
T-289.010/2286432 2
Council Agenda: 04-07-2026
Item No.: 8.1(b)
DRAFT--Contact the Office of the City Clerk at (408) 535-1260 or [email protected] for final document.
WHEREAS, as specified in Resolution No. RES2026-29, the City Council conducted a public hearing concerning the levy of assessments for fiscal year 2026-2027 on April 7, 2026, at the City Council meeting beginning at the hour of 1:30 p.m. in the Council Chambers of the City of San José, located at 200 East Santa Clara Street, San José, California; and
WHEREAS, _____ written protests against the levy of assessments or against any specified improvement or activity were filed with the City Clerk; and
WHEREAS, _____ oral protests were made at the hearing against the levy of assessments; and
WHEREAS, the City Council duly considered such protests and determined to levy the assessments as proposed in Resolution No. RES2026-29;
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF SAN JOSE THAT:
1. The City Council hereby finds that there were _____ written protests against the levy of assessments for fiscal year 2026-2027 and/or against any specified improvement or activity in the SRBID, and that there is no majority protest within the meaning of Section 36525 of the ‘89 Law.
2. The SRBID Budget Report prepared by the Story Rd. Business Association, Inc. for Fiscal Year 2026-2027, as filed with the City Clerk pursuant to Resolution No.
RES2026-29 or modified by the City Council, is hereby approved.
SAW:KMM:KMF
02/20/2026
T-289.010/2286432 3
Council Agenda: 04-07-2026
Item No.: 8.1(b)
DRAFT--Contact the Office of the City Clerk at (408) 535-1260 or [email protected] for final document.
3. The City Council hereby finds and determines that the businesses lying within the SRBID will be benefited by the expenditure of the funds raised by the assessments or charges proposed to be levied.
4. The levying of assessments in the SRBID for fiscal year 2026-2027 in accordance with this Resolution is hereby authorized.
ADOPTED this _____ day of ___________, 2026, by the following vote:
AYES:
NOES:
ABSENT:
DISQUALIFIED:
MATT MAHAN
Mayor
ATTEST:
TONI J. TABER, MMC
City Clerk