SUBJECT: Adoption of a Resolution Initiating the Formation Proceeding for the Property Based Improvement District for Downtown Merced REPORT IN BRIEF Developed by a coalition of property and business owners, the Downtown Merced Property Based Improvement District is a proposed benefit assessment district designed to enhance safety, maintenance, and beautification programs in Downtown Merced above and beyond those already provided by the City. Petitions signed by property owners representing greater than 50% of the district budget must be received by the City prior to initiating a ballot procedure to officially establish the Property and Business Improvement District for Downtown Merced. The Council is being asked to adopt a resolution of intent to establish the district. RECOMMENDATION City Council - Adopt a motion approving Resolution 2023-53, a Resolution of Intention of the City Council of the City of Merced, California, Initiating Formation Proceedings for the Business Improvements District for Downtown Merced.

Report Item Passed Introduced June 14, 2023

Committee: City Council/Public Finance and Economic Development Authority/Parking Authority
Introduced: June 14, 2023
On agenda: June 20, 2023
Passed: June 20, 2023