Title
Subject: Property BID Annual Reports And Assessment Payment Approval
From: Economic And Workforce Development Department
Recommendation: Adopt The Following Pieces Of Legislation:
1) A City Resolution:
a) Approving The Fiscal Year 2021-22 Annual Reports Of The Lakeshore/Lake Park Business Improvement Management District Of 2012 (Lakeshore District), The Jack London Improvement District (Jack London District), The Temescal/Telegraph Business Improvement District 2015 (Temescal District), The Laurel Business Improvement District 2016 (Laurel District), The Koreatown/Northgate Community Benefit District 2017 (Koreatown District), The Oakland Tourism Business Improvement District 2018 (Oakland Tourism District), The Downtown Oakland Community Benefit District 2018 (Downtown Oakland District), And The Lake Merritt-Uptown Community Benefit District 2018 (Lake Merritt-Uptown District) Advisory Boards; And
b) Confirming The Continuing Annual Assessment For Each Said District And For The Chinatown Community Benefit District 2021 (Chinatown District), With The Exception Of The Lakeshore District That Is Expiring, For Fiscal Year 2022-23 And Levying Said Assessments;
c) Increasing The Jack London District, Temescal District, Koreatown District, Downtown Oakland District, And Lake Merritt-Uptown District By Five (5) Percent For The 2022-2023 Assessment; And
d) Authorizing Payment Of The City’s Cumulative Fiscal Year 2022-23 Fair Share Assessment In An Approximate Amount Of Three Hundred Eighty-Nine Thousand Four Hundred Fifty-Three Dollars And Sixty-Seven Cents ($389,453.67) For City-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