Fair Oaks Property and Business Improvement District
Outreach and Education Presentation
Why are we meeting today? 1. To explain what the PBID process is and how it could benefit Fair Oaks 2. To answer your questions and gain your inputs 3. To talk about next steps and expectations
What is a PBID? The California Property and Business Improvement District (PBID) legislation was adopted in 1994 as a way of revitalizing specific commercial areas. They have been widely used throughout the state including locally at locations such as: Sunrise Marketplace, Stockton Blvd, The River District and the Mack Road Partnership. PBIDs are used for services that enhance the value of a specific area as agreed by the local property owners such as cleaning, parking, security, marketing, advocating and beautification. Sacramento County has provided funding to explore if now is the right time for a Fair Oaks PBID.
Overview – PBID Steps 1.
Initiate the project – form a steering committee
2.
Compile information about area, owners, needs
3.
Conduct community outreach and education
4.
Create Management District Plan & Engineer’s Report
5.
Seek approval for Plan
We are here
Proposed PBID Area The PBID area would include the old Fair Oaks Village, down Bridge St. and areas just to the East and North of the Village San Juan Unified School District would be the largest property owner in this Area and residential homes would not be included A total of just over 100 property owners would be included in the PBID area based on the initial assessment
Purpose of the PBID The FOPBID would provide activities and improvements within the FOPBID area. The funds would be used to provide Security, Maintenance, Marketing, Special Events, Advocacy and Capital Improvements. The overall goal is to make the Fair Oaks Village area a cleaner, safer, more attractive and desirable place to visit, shop, work and live. The allocation of funds is based on the Service Plan which details how much of the budget is spent on each category and is voted on by the property owners. The management of the funds and overseeing the actions of Executive Director is done locally by a board selected by the property owners.
Proposed Improvements & Budget Improvements & Activities
%
Budget
Security
24%
$72,000
Capital Improvements
20%
$60,000
Marketing & Special Events
20%
$60,000
Maintenance
16%
$48,000
Administration & Advocacy
10%
$30,000
Contingency, Collection & Renewal
10%
$30,000
Based on suggested $300,000 annual budget resulting in ~$0.082 assessment/sq ft
Backup Slides Service Details
Security Security will focus on making Fair Oaks Village a safer place to do business. Security will include dedicated patrols by private security firm and coordination with the Sacramento County Sherriff Department. A 24/7 security hotline will be established and maintained to help property owners access security services as needed.
Maintenance The maintenance program will make Fair Oaks Village cleaner, more accessible, and more attractive to potential tenants, customers and visitors. Maintenance services will include litter and graffiti removal, sidewalk pressure washing, weed abatement, and median maintenance.
Marketing & Special Events Unified marketing and promotion program to allow the public to view the area as a single destination with a rich collection of attractions, events and services. Goals are increased customer traffic and sales as well as branding of the Villages as destination. Promotional efforts could include the use of pole banners, wayfinding signage, billboards, visitors’ guides, press releases, e-newsletters, e-calendars, a district web site; marketing research and an endless variety of tools to accomplish goals. Special events such as Chicken Festival; concerts in the park; Christmas in the Village; Art Walks; and more can be supported.
Capital Improvements Small-scale improvements with a short lead time may include benches, bike racks, landscaping features, art installations, and trash receptacles. Capital Improvement funds will also be leveraged to seek additional money for larger-scale projects.
Administration & Advocacy The administration portion of the budget will be utilized for general office expenses, professional staff, insurance, and other standard expenses related to providing the district’s services. Advocacy will provide staff time to work to represent the district’s best interests at local government agencies, and promote the area as a desirable place to live, work, and do business.
Contingency, Collection & Renewal Contingency allows for funds to cover overruns or unforeseen items. Collection is the logistic cost charged by the County of Sacramento for collecting the funds and paying out to the District. Renewal is the reserve build up to fund the renewal process starting in the forth year.
Timeline Feb – Mar 2016
Mar – May 2016
May – Jun 2016
Q&A
What did we miss?