By Brittney Sherman
Downtown private property owners and the City of Morgan Hill have approved a public private partnership to form a Downtown Property Business Improvement District (PBID) with the goal of increasing safety, cleanliness, and beautification in the Downtown. This collaboration will result in a first-year budget of $249,356 of which sixty-percent has been earmarked to provide enhanced “clean and safe” efforts in the district.
The PBID boundary is comprised of 98 properties owned by 59 individual property owners, spanning parcels north of Dunne, east of Del Monte, south of Main, and west of Butterfield. The City and County are the largest commercial property owners in the district, with private property owners representing approximately (39) percent of all remaining parcels. The proposed assessment rate (cost to the parcel owner) is based on parcel type and square footage, and in some cases, linear frontage. The district will have a five (5) year lifespan beginning January 1, 2024.
There are over (100) established PBIDs throughout California, all designed to improve local public services, enhance economic growth, and increase services, such as security, maintenance, marketing and capital improvements, within a defined district.
Read the full article in the Morgan Hill Times HERE.
Have questions? Contact City of Morgan Hill Economic Development Director Matt Mahood at Matt.Mahood@morganhill.ca.gov