Posting Language
Title
Conduct a public hearing and consider an ordinance setting the assessment rate and approving the 2026 assessment roll for the East Sixth Street Public Improvement District. Funding: This item has no fiscal impact on the City. Related to Item #139.
De
Lead Department
Financial Services Department.
Fiscal Note
The 2026 assessment rate of $0.10/$100 valuation is estimated to produce $46,877.39 at an 85% collection rate. There is no fiscal impact on the City.
Prior Council Action:
September 12, 2024 - Council approved Resolution No. 20240912-074 reauthorizing the existence of the East Sixth Street Public Improvement District for five years.
June 5, 2025- Council approved Ordinance No. 20250605-029 setting the proposed calendar year 2026 rate of assessment and assessment roll for the East Sixth Street Public Improvement District.
For More Information:
Kim Olivares, Director, Financial Services Department (512) 974-2924; Christine Maguire, Financial Services Department (512) 974-7131; Margaret Shaw, Financial Services Department (512) 974-6497.
Additional Backup Information:
On June 5, 2025, Council approved the proposed 2026 assessment rate for the East Sixth Street Public Improvement District (PID) at a valuation rate of $0.10 per $100 on commercial properties valued at less than $500,000. Council also approved the proposed 2026 assessment roll, which lists property owners subject to the assessment. The assessments paid by the property owners fund PID services.
State law requires Council to conduct a public hearing to consider the proposed assessment. Approval of the assessment rate and property roll on June 5, 2025, triggered notices to be sent to property owners, giving them the opportunity to review the property valuations prior to the public hearing. Property owners have a statutory right to challenge the assessment placed on their property at the public hearing. The levy, subject to public inspection and comment at the public he...
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