What is the current tenant vacancy rate in Downtown San Rafael?
Across San Rafael, the vacancy rates in 2023 included: Office 15%, Retail 2.6%, and Industrial 3.6%
Across San Rafael, the vacancy rates in 2023 included: Office 15%, Retail 2.6%, and Industrial 3.6%
The process begins with a petition signed by a majority of property owners within the proposed district and involves submission and approval of required components such as a district management plan to City Council for approval. CBIDs must be established according to the State’s Streets and Highways Code. Renewal is permitted once a district has … Continued
San Rafael Proposed CBID Area Jan 2025 This linked map provides parcel level information for properties that have been engaged to evaluate the potential of a CBID.
District financing is based upon the levy of special assessments on real properties that receive special benefits from the improvements and activities implemented within the CBID’s Benefit Zone . Several factors can be used to determine proportional costs to the parcels within the District, including linear frontage (excluding alleys), lot size or the footprint of … Continued
CBIDs provide services selected by their members above and beyond those services already provided by the City. Districts usually prioritize these general categories: District identity activities like branding, special events and marketing Maintenance and security, including sidewalk maintenance, beautification programs, and wayfinding signage. Demand creation that may include regional marketing or business attraction efforts.
The annual budget of a CBID is set by the Owners Association and is determined by the level and type of improvements and activities that property owners within the district wish to implement. As a result, CBID budgets range in size from under $100,000 to several million dollars. Assessments are generally set using three metrics: … Continued
No. Taxes go into government agency general funds to be used throughout their jurisdictions as needed. PBID assessments can only be levied and used within the PBID boundaries to fund programs and activities authorized by the approved Management Plan. The PBID must be re-approved after each term that the PBID expires (5 or 8 years … Continued
No. The local government agency’s role is to initially approve the establishment of the PBID and collect or cause to be collected, the funds from the County Tax Collector. The funds will be used to pay for the programs and activities authorized by the approved Management Plan.
A CBID is governed by a private nonprofit entity called an “Owners’ Association” as defined by Section 36612 of California’s Streets and Highways Code. Many Owners’ Associations require a certain portion of their Board seats to be held by District property owners, while other seats are held by District business owners.
There are approximately 200 property-based improvement districts in California. These districts range in size from smaller districts containing fewer than 50 properties to very large districts containing thousands of properties. Several have one or more CBIDs operating within their boundaries. Santa Rosa Courthouse Square Santa Rosa Railroad Square Old Pasadena Downtown Santa Cruz