Posting Language
Title
Approve an ordinance approving the Austin Downtown Public Improvement District Service and Assessment Plan and Budget update for 2025 and declaring an emergency. Related to Item #101.
Body
Lead Department
Financial Services Department.
Fiscal Note
Funding for this ordinance is dependent on available funding in the Fiscal Year 2024-2025 Austin Downtown Public Improvement District Fund.
Prior Council Action:
June 9, 2022 - Council approved Resolution No. 20220609-081, authorizing the Downtown Public Improvement District with expanded boundaries from the original Public Improvement District, and approved a management agreement with Austin DMO, Inc. d/b/a Downtown Austin Alliance.
February 23, 2023 - Council approved the execution of a management agreement with the Downtown Austin Alliance.
May 30, 2024 - Council approved Ordinance No. 20240530-014 to set the Downtown Public Improvement District 2025 assessment rate and roll.
For More Information:
Kimberly Olivares, Deputy Chief Financial Officer, Financial Services, 512-974-2924; Margaret Shaw, Economic Redevelopment Program Manager, Financial Services, 512-974-6497.
Additional Backup Information:
This action will approve the proposed Downtown Public Improvement District (PID) Service and Assessment Plan and Budget for Fiscal Year 2025-2026, as provided to the City by the Downtown Austin Alliance, the PID's management entity. State law requires Council approval of the Service and Assessment Plan and Budget which serves as the basis for the 2025 assessment roll. The assessments will provide services in the following program areas:
* Public Space Experience: Cleanliness, Safety and Hospitality;
* Public Space Experience: Homelessness;
* Built Environment; Mobility, Research;
* Active Urbanism;
* Promotion and Communication, and
* Administration.
The Downtown Austin Alliance has presented a budget for Fiscal Year 2025-2026 of $14,264,637.12. The total available in the amount of $...
Click here for full text