Title
Zero Rate for 2026
Recommended Action
Move to approve maintaining a $0 rate for the Parking and Business Improvement Area in 2026.
Report
Issue:
Whether to move forward with a $0 rate for the 2026 year, while the program is evaluated.
Staff Contact:
Jennica Machado, Economic Development Division Director, Community Planning & Economic Development, 360.753.8591
Presenter(s):
Jennica Machado, Economic Development Division Director, Community Planning & Economic Development
Background and Analysis:
In November of 2024 the PBIA voted to reevaluate the program as it had not been reevaluated since 2010. During the November 2024 meeting they decided to move forward with a zero-fee collection. They wanted to see if there was a more effective model that could better support downtown needs. This year PBIA is looking to continue to halt the collection of fees as they hire a consultant to evaluate the program.
Climate Analysis:
NA
Equity Analysis:
NA
Neighborhood/Community Interests (if known):
This would interest downtown Olympia businesses as it would be determining the fee collection rate for the upcoming 2026 year.
Options:
1. Move forward with a $0 rate for the 2026 year
2. Move to collect fees for the year 2026.
Financial Impact:
This would be an additional year of zero-fee collection. As a minimal amount of money has been spent this year by PBIA, there is an opportunity to utilize existing fund balance to cover expenses for the 2026 year.
Attachments:
N/A