Downtown Fresno file photo
Written by Edward Smith
Property owners in Downtown Fresno voted to continue for another 10 years the improvement district tasked with attracting businesses and keeping streets clean.
The vote was 84.3% in favor of maintaining the organization’s funding through a self-imposed tax until 2033 as part of a property-based improvement district (PBID)
Created in 2011, the Downtown Fresno Partnership PBID has done the work of keeping streets clean and buildings secure. Every 10 years, property owners within the district vote on whether to tax themselves to fund the organization.
On June 2, the Fresno City Clerk mailed a notice of the public hearing on the renewal of the PBID to property owners.
The organization has an anticipated annual budget of $812, 961, with property owners providing just under 96% of that amount. Assessment can grow up to 3% a year.
The district contains 352 properties owned by 165 different owners, divided up into three zones — all liable for different assessment fees. Businesses on Fulton Street between Merced and Inyo streets pay the most per square foot.
The City of Fresno administered the voting process to approve the district.