Description
Title: Establishment of the Alameda Business Improvement District and Approval to Levy Assessments in The Alameda Business Improvement District for the Remainder of Fiscal Year 2025-2026.
Summary
The document outlines the establishment of The Alameda Business Improvement District (TABID) in San Jose, which aims to enhance business activity through self-assessed funding for various services. The City Council is set to conduct public hearings and vote on ordinances and resolutions to officially form the district and approve assessment levies for the remainder of the 2025-2026 fiscal year. Businesses within the district will pay an annual assessment of $350, while home-based businesses will be exempt, and those with fewer than two employees will have a reduced fee of $100. The funds will be used for marketing, events, and beautification efforts, benefiting local businesses and fostering a vibrant community. The successful establishment of TABID is critical for enhancing economic opportunities and attracting customers