The purpose of this ordinance is to enhance the ability of the City and property owners
to establish property and business improvement districts pursuant to the Property
and Business Improvement District Law of 1994 (Streets & Highways Code §§ 36600 et
seq.) by: (1) reducing the percentage of property owners whose signatures are required
to initiate formation of, or petition for disestablishment of, a Property and Business
Improvement District ("Property BID") from fifty (50) percent of the weighted property
owners, as authorized by the Property and Business Improvement District Law of 1994,
to thirty (30) percent of the weighted property owners; (2) extending the period for
which a Property BID may exist from five (5) years, as authorized by the Property
and Business Improvement District Law of 1994, to twenty (20) years; and (3) authorizing
the reimbursement of formation costs.
(Ord. No. 3616-C.S., § 1, effective 6-5-15)
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