Title
Subject: BID Annual Reports And Approval Of Assessment Payments
From: Economic And Workforce Development Department
Recommendation: Adopt The Following Pieces Of Legislation:
1) A City Of Oakland Resolution (A) Approving The Fiscal Year 2025-26 Annual Reports Of The Lakeshore/Lake Park Business Improvement Management District Of 2022 (Lakeshore District), The Jack London Improvement District (Jack London District), The Temescal/Telegraph Business Improvement District (Temescal District), The Laurel Business Improvement District 2025 (Laurel District), The Koreatown/Northgate Community Benefit District 2017 (Koreatown District), The Oakland Tourism Business Improvement District (Oakland Tourism District), The Downtown Oakland Community Benefit District 2018 (Downtown Oakland District), The Lake Merritt-Uptown Community Benefit District 2018 (Lake Merritt-Uptown District), And The Chinatown Community Benefit District 2021 (Chinatown District) Advisory Boards;
(B) Confirming The Continuing Annual Assessment For Each Said District And Levying Said Assessments;
(C) Increasing The 2026-27 Assessment By 5 Percent For The Jack London District, Temescal District, Lakeshore District, Lake Merritt-Uptown District, And Chinatown District, By 3.2 Percent For The Downtown Oakland District, And By 3 Percent For The Laurel District And The Koreatown District;
(D) Authorizing Payment Of The City Of Oakland Cumulative Fiscal Year 2026-27 Fair Share Assessment In An Approximate Amount Of Five Hundred Nine Thousand Six Hundred Sixty-Nine Dollars And Thirty-Four Cents ($509,669.34) For City Of Oakland-Owned Properties In The Jack London District, The Temescal District, The Koreatown District, The Downtown Oakland District, The Lake Merritt-Uptown District, And The Chinatown District; And
(E) Renewing The Agreements With The Districts For Administration And Disbursement Of Funds; And