What is a PBID?
PBIDs have been used throughout California since 1994. They are an assessment district which provides additional services, beyond what the City would normally provide, within a defined area. The services are funded by an assessment on real property, which appears on property tax bills. PBIDs provide funding to keep the district clean, safe and an inviting environment. The services provided by the PBID are chosen by property owners and are customized to fit the needs of the district. All services are designed to provide direct benefits to those who pay into the PBID. Typically, PBIDs improve the overall viability of commercial districts, resulting in higher property values and sales volumes. There are over 200 PBIDs throughout California.
What services will the PBID provide?
All services provided by the PBID will be in addition to the regular City services. PBID services must be carefully tailored to benefit the property owners paying the assessment. They will only be provided to properties paying the assessment. Possible services include:
· Increased Security
· Enhanced Sidewalk Cleaning
· Increased Lighting
· Increased Parking Lot Maintenance
· Graffiti Removal
· Decluttering of sidewalks
· Holiday Decorations
· Improved Landscape Maintenance
· New Directional/Wayfinding Signage
· Art Installations
· Blight Reduction
· New Events & Programs
Who manages it and how long does it last?
Pursuant to an agreement with the City, a non-profit, private organization formed for the sole purpose of improving Downtown Morgan Hill will manage the services provided and the MHPBID. Annual MHPBID work plans and budgets are developed by a board composed of stakeholders that own property in Downtown Morgan Hill. Improvements and activities provided by the MHPBID are subject to private sector performance standards, controls, and accountability. Typically, a District will be formed for five years, after which it will automatically expire unless renewed by property owners. A district can be renewed for a maximum of up to 10 years.
How can the PBID grow existing and future businesses?
More activity attracts more people which increases rents and property values creating more business opportunity, more activity and street activation. Customers and residents may feel more comfortable and safer within PBIDs that have less obvious signs of litter, graffiti, and abandoned cars. Areas that have successfully implemented a PBID are attracting a larger number of visitors to that area than the residential population. A stronger sense of place that accompanies cleaner streets encourages patronage and has increasingly positive repercussions in PBID areas. PBID areas experience greater, on average, yearly reductions in the number of robbery, violent, and total crimes than non-PBID areas do.