Public Hearing:
Miracle Mile
Community
Improvement District
City of Stockton
September 13, 2022
Agenda Item 16.2
Background
July 17, 2007 - The Miracle Mile PBID was originally
established by the Council, with a five-year term.
June 26, 2012 & December 28, 2017 - The District was
renewed by Council, each for five-year terms.
May 24, 2022 - Council adopted a Resolution of
Intention for the formation of the Miracle Mile
Community Improvement District (MMCID).
July 12, 2022 - Resolution for Intention was rescinded. July 12, 2022 - Council adopted the current Resolution of Intention to form the MMCID for a twenty-year term,
authorizing the issuance of assessment ballots and
scheduling tonight’s public hearing.
July 13, 2022 - Official ballots and notice of public hearing were mailed to property owners.
December 31, 2022 - Current MMPBID set to expire.
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.
Ballot Process
Deadline to return ballots - September 13, 2022,
before close of the Public Hearing.
After the close of the public input portion of the
public hearing, ballots are tabulated, weighted by
the amount each owner will pay.
Approval requires a majority of the ballots received
are in favor of the formation of the district.
If approved, Council may adopt a resolution
approving the formation of the MMCID.
Recommendation
Adopt a Resolution:
Approvr the formation of the Miracle Mile Community
Improvement District for 20 years
Approve the assessment formula and levying of
assessments
Declare the assessment is lawfully authorized and direct the City Clerk to cause the Boundary Map to be filed
with the Office of the San Joaquin County Recorder and
concurrently record a Notice of Assessment with
respect to the properties in the Office of the County
Recorder of the County of San Joaquin
Approve and adopt the final Management District Plan
and Engineer’s Report
Assessment & Budget
MMCID 2023 Estimated Annual Assessment
Revenue - $230,550
Annual assessment for City-owned properties in
2023 within the District - $21,640
Assessment implemented – January 1, 2023
Assessments will continue for 20 years