Agenda Item Wording:
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Downtown Visalia Property and Business Improvement District Annual Report - Receive the 2026 Annual Operations Report for the organization.
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Agenda Date: 05/18/2026
Prepared by:
Nichol Ritchie, Finance Manager, (559) 713-4379, Nichol.ritchie@visalia.gov,
Ruth Pena, Financial Analyst (559) 713-4327, ruth.pena@visalia.gov,
Renee Nagel, Finance & Technology Director, (559) 713-4375 Renee.Nagel@visalia.gov
Department Recommendation:
It is recommended the City Council receive the Annual Operations Report for the Downtown Visalia Property and Business Improvement District (DTVPBID), provide comment and direction as appropriate.
Summary:
This item provides an overview of the Downtown Visalia Property and Business Improvement District (DTVPBID) annual operations, financial activity, assessment history, and proposed assessment structure for the 2027 tax year. Included in the report are summaries of district revenues and expenditures, fund balances, assessment collections, reporting requirements under PBID Law, and the projected long-term impact of assessment decisions through the remainder of the current Management District Plan (MDP) term ending in 2029. The DTVPOA Board reviewed the possibility of an assessment increase and is recommending no increase to DTVPBID assessments for the 2027 tax year. As a result, current assessment amounts will remain unchanged for 2027.
Background Discussion:
The Downtown Visalia Property and Business Improvement District (DTVPBID) is an assessment district which provides activities and improvements to Downtown property owners. DTVPBID was created in 1998 and has been extended by ballot of the affected property owners ever since. The DTVPBID is in its 5th iteration, and the current duration is January 1, 2020, through December 31, 2029. In accordance with the DTVPBID Management District Plan (MDP), the City has contracted with the Downtown Visalia Property Owner's Association (DTVPOA) fo...
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