FORMATION OF
THE MIRACLE MILE
COMMUNITY
IMPROVEMENT
DISTRICT
MAY 24, 2022
AGENDA ITEM 15.3
BACKGROUND
City has two PBID’s:
Downtown Stockton Alliance
Miracle Mile Improvement District
Miracle Mile Improvement District:
Established on July 17, 2007, with a five-year term
Renewed by Council on both June 26, 2012, and December 28, 2017, for five-year terms
Current MMPBID set to expire December 31, 2022
BACKGROUND
Community Improvement District:
Operate similarly to the current Miracle Mile District A community-driven partnership with the City to improve quality of life and drive economic development in neighborhoods and mixed-use districts District formation requires property owners submitting petitions representing more than 30% of total assessments
Resolution of Intention for district formation presented to Council for consideration
Upon Council’s approval, subject to property owner vote; ballots will be sent to all property owners subject to assessment before June 11, 2022 Formation of the District requires a public hearing to tabulate the “yes” votes; with weighted majority of the ballots received by the City Clerk, Council adopts a Resolution of Formation
BOUNDARY MAP
The Miracle Mile Community
Improvement District will include:
Pacific Avenue from Alpine Avenue on
the north to Harding Way on the
south
A mix of retail, service, office, mixed-
use, residential, public visitor related,
cultural, and parking.
All commercial parcels that front
Harding Way between Lincoln Street
on the west and North El Dorado
Street on the east
A total of 25 square blocks with
four benefit zones for a total of
155 parcels owned by 95 property
owners.
SPECIAL BENEFITS OF THE
DISTRICT
Miracle Mile CID would provide
funding for:
Civil Sidewalks
District Identity & Placemaking
Administration/District Management
Contingency/Reserves
Proposed District duration:
20 years (January 1, 2023, through
December 31, 2042)
2023 Annual Budget: $230,550
ECONOMIC
DEVELOPMENT
Community Improvement
Districts can:
Increase foot traffic to merchants
Promote business attraction and
retention to remain competitive
Attract new residential or mixed-
use developments
Enhancements increase property
values
Retain and increase commercial
property rentals
TIMELINE AND PROCESS
April 20, 2022: Began petitions distribution
May 13, 2022: Signed petitions delivered to the City:
Renewal initiation requires more than 30% of property owners to sign petitions
35.43% of the property owners signed petitions
May 24, 2022: Resolution of Intention proposed
June 11, 2022: Final date to mail Notice and Proposition 218 Ballot
July 26, 2022: Final Public Hearing and ballots counted
RECOMMENDATION
Adopt a Resolution with the following:
Expressing Council’s intent to form the Miracle Mile Community Improvement District;
Accepting petitions of property owners;
Preliminarily approving the Management District Plan and Engineer’s Report;
Approving the proposed boundary map;
Set Public Hearing and the levy of assessments for July 26, 2022; Providing for property owner ballots and notices of the public hearing to be mailed; and
Authorizing and directing the City Manager, or designee, to sign ballots for City-owned properties in favor of formation.