RECOMMENDATION(S):
RATIFY the action by the County Administrator's Office to sign the petition to support the renewal of the Downtown Richmond Property and Business Improvement District as property owner of 1305 Macdonald Avenue in the City of Richmond.
FISCAL IMPACT:
The renewal would increase the annual assessment on 1305 Macdonald from the current $8,128.25 ($0.13 per square foot) to $9,378.75 ($0.15 per square foot) an annual increase of $1,250.50. This assessment is paid by the tenants of 1305 Macdonald Avenue, who are part of the Employment and Human Services Department (EHSD).
BACKGROUND:
The City of Richmond initially formed the Downtown Richmond Property and Business Improvement District (DRPBID) in 2012. The Board of Supervisors approved the County Public Works Director signing the initial petition to support the formation of the district at its June 26, 2012 meeting, on a unanimous vote.
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