City Council and Concurrent Authorities
May 21, 2024

MIRACLE MILECOMMUNITY IMPROVEMENTDISTRICT2023 ANNUAL REPORTAND PROPOSED 2024 OPERATING BUDGET CITY COUNCIL MEETING May 21, 2024AGENDA ITEM 15.2

Miracle Mile Community Improvement DistrictOUR MISSION To foster the economic vitality, value, and add appeal to the Miracle Mile.OUR STAKEHOLDERSOver90property owners within the district and over160 businesses call theMiracle Mile home! The MMCID includes 143 parcels located along the Miracle Mile on Pacific Avenue, 91 property owners, and over 160 businesses. The MMCID provides supplemental services, including enhanced maintenance, public security and safety, marketing and promotions, and advocacy and management.

Miracle Mile Community Improvement DistrictHistory …In 2007 City Council formed the Miracle Mile Property and Business Improvement District (MMPBID) pursuant to the Property and Business Improvement District Law of 1994 (“PBID Law”). December 31, 2022, the MMPBID expired.January 1, 2023, the Miracle Mile Community Improvement District (MMCID) was formed. March 22, 2022, City Council revised Stockton Municipal Code Chapter 3.96 concerning the formation of Community Improvement Districts (CID) (SMC Ordinance No. 2022-03-22-1211). • The City’s CID ordinance creates additional and alternative assessment district procedures to those provided under the PBID Law. September 13, 2022, City Council approved the formation of the MMCID, (Resolution No. 2022-09-13-1602), with a term of 20 years.December 6, 2022, City Council designated the Owners’ Association to operate the MMCID with responsibility for managing the community improvement district assessments and delivery of enhanced services. (Resolution 2022-12-06-1205).

Miracle Mile Community Improvement District
2023 ACCOMPLISHMENTSConverted the MMCID Owners’ Association to a 501(c)©(3).Raised funds to implement a Security Camera and Monitoring System.Hosted four signature events and one major fundraiser event.Increased social media marketing: 15% follower increase on Instagram, 446 new followers on Facebook.Enhanced security: Ongoing collaboration with Hammerhead Security and Stockton Police Department with 1,942 total hours of patrol.Enhanced maintenance: Garbage clean up and removal seven days a week, hand watering of trees and plants weekly, and districtwide sidewalk pressure washing monthly.

Miracle Mile Community Improvement DistrictFINANCIAL SUMMARY MMCID assessments are paid directly to the County by property owners as part of their tax bill. The Owners’ Association, acting as the administrator of the improvement district, will provide direct billing to the County in order to receive these revenues.The City will not act as an intermediary to request payments on behalf of the MMCID.Assessment paid during 2024 by property owners will be $237,161. Annual Assessment for City-owned property within the MMCID is $22,505. Paid from the Administrative Services General Fund, General Administration Division, and Tax Collection Costs program account. Projected annual operating budget for the MMCID is $389,311 for 2024 calendar year.Anticipated expenditures are $389,311oExpenses include management services, operational costs, professional services, maintenance, marketing, public safety, and security. Total revenues projected includes:o$237,161 assessment incomeo$152,150 in other income from non-assessment income• Such as events and retained earnings

Miracle Mile Community Improvement DistrictLook ahead …Will continue its efforts to create a safe environment, protect property owner investments, and strive to raise property values, focusing on a clean, safe, and beautiful district. Some of the 2024 goals include:Pedestrian Safety Advocacy • Installation of the new security camera system, city parking lot resurfacing projects, and advocate for the implementation of capital improvements per AB-179.Marketing & Walkability Enhancements• Develop and expand community marketing partnerships, and new co-branded light pole banners.