Title
2025 PBIA Planning
Report
Issue:
Discussion on PBIA Planning for 2025
Staff Contact:
Mike Reid, Economic Development Director, 360.753.8591
Presenter(s):
Mike Reid, Economic Development Director
Background and Analysis:
The last two meetings of the PBIA have included discussion around planning for the future of the PBIA, including conversations about the role of the advisory committee, functionality of the program, city administration of the program, rates and fee structures, and other related program structures.
Staff have attempted to synthesize the conversation into two potential options to be able to advance the work to a conclusion in 2025. Staff will lead the advisory committee through a discussion of the two options with a desired out that the Committee will select one of the options or develop a modified approach.
Option 1:
* Use 2025 as a program evaluation year. This would be the singular focus of the year.
o Most improvement areas, as a best practice, have a "recertification clause or sunset provision" which triggers a district wide re-certification every 5-10 years to ensure that the program is still serving the needs of the ratepayers. The Olympia PBIA was established in 2005 with a requirement that in five years City Council would need to take action to renew and extend the program (Ordinance 6375). In 2010 Council renewed the program and repealed the "sunset" provision moving forward (Ordinance 6721). 2025 will mark the 20th year of the existence of the PBIA. There has not been a re-certification effort or council discussion on renewal of the program since 2010.
o City in conjunction with the PBIA Advisory Board would hold a series of stakeholder convenings or listening sessions throughout the year to determine the following:
1. Is a PBIA still an effective model in supporting downtown needs?
2. What should the future of the PBIA look like?
* Role
* Structure
* Rates
* Fee collection
* Priorities
* Administration and Management
* E...
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