DATE: December 18, 2018
TO: Mayor and City Council
FROM: Director of Development Services
SUBJECT
Title
Authorization to Negotiate and Execute a Management and Disbursement Agreement with The Downtown Hayward Improvement Association (DHIA), Non-Profit Public Benefit Corporation; to Appoint City Staff to the Downtown Hayward Improvement Association Board, and to Release the Downtown Community Benefit District Annual Assessment
End
RECOMMENDATION
Recommendation
That Council takes the following actions related to the Downtown Hayward Community Benefit District (CBD):
1. Adopt a Resolution Authorizing the City Manager to Negotiate and Execute a Management and Disbursement Agreement with The Downtown Hayward Improvement Association, Non-Profit Public Benefit Corporation, and to appoint City staff, as primary and alternate Board of Director members to the Downtown Hayward Improvement Association.
2. Adopt a Resolution Authorizing the City Manager to release the Downtown Community Benefit District Annual Assessment in the amount of $595,644; to the Downtown Hayward Improvement Association (DHIA), a California Non-Profit Public Benefit Corporation.
SUMMARY
The Downtown Hayward Community Benefit District (CBD) is a property-based special benefit district in which the property owners within the district pay special assessments to fund supplemental improvements and services within the Downtown boundaries that are above and beyond general municipal service levels. On July 10, 2018, Council adopted resolution 18-151 approving the formation of the CBD and levying special property tax assessments as authorized by the property owners that will be used to fund enhanced services in the Downtown Hayward area. Downtown CBD property owners have established a non-profit management corporation to govern and manage the newly formed CBD. The interim Board of Directors has registered the Downtown Hayward Improvement Association (...
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