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File Number: 13-128 <br />Total 100%$384,680 <br />Assessments will be subject to changes in the Consumer Price Index for all urban consumers <br />in the San Francisco - Oakland - San Jose area, not to exceed 5% per year. Increases will be <br />determined by the CBD Management Corporation and will vary between 0% and 5% annually. <br />Timeline <br />April 2, 2013 Initiate petition drive <br />May 6, 2013 Submit 30% threshold of weighted petitions to City Manager to trigger <br />mail balloting procedure <br />May 20, 2013 City Council to adopt Resolution of Intent and authorize City Manager <br />to sign ballots for City-owned property <br />May 21, 2013 Ballots mailed to property owners <br />July 15, 2013 City Council Public Hearing, ballots counted <br />Early August 2013 Assessments forwarded to Alameda County Auditor /Controller <br />July - Dec 2013 Formation of the CBD Management Corporation <br />December 2013 Revenue (50%) distributed to City and forwarded to the new CBD <br />Management Corporation <br />Benefits <br />CBD’s are becoming an increasingly important tool for business districts and they are being <br />adopted nationwide, with many districts located in the Bay Area . In addition to CBDs allowing <br />business districts to effectively compete with regional shopping centers which provide similar <br />services to their tenants, CBDs: <br />·Are a unifying mechanism for all stakeholders in a district to voluntarily work towards a <br />common goal - that of a vibrant business district. <br />·Support businesses through recruitment, retention and promotion of the area. <br />·Fund clean-up programs, enhanced landscaping and decorations, increased safety and <br />security as well as public space development and management. Activation of the <br />downtown plazas is particularly relevant to Downtown San Leandro. <br />·Effectively market and promote an area and organize events . <br />The services included in the Downtown San Leandro CBD Management District Plan will <br />provide valuable services to Downtown San Leandro above and beyond what the City’s <br />General Fund can currently afford . The enhanced security and maintenance as well as the <br />marketing and activation of downtown is in the best interests of businesses, property owners <br />and the community. The businesses will benefit from increased commerce and improved <br />identity, property owners will benefit from increased property values and lease revenues, and <br />the community will benefit from a cleaner, more attractive and vibrant downtown. <br />Fiscal Analysis <br />The City and Successor Agency are significant property owners in Downtown San Leandro . <br />Based on the City’s property ownership , the City would pay approximately $41,190 annually, <br />or 10.7% of the assessment based on the recommended assessment methodology. <br />Successor Agency parcels represent another 7.2%, or $27,540 of the assessment, which <br />would be paid by the Successor Agency . When the Successor Agency assets are sold or <br />transferred the responsibility for payment of the assessment would be transferred to the new <br />Page 4 City of San Leandro Printed on 3/26/2013