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City council approves downtown PBID agreement, orders audit of assessment finances
Summary
The Los Banos City Council voted to authorize a management agreement with the Los Banos Downtown Association to implement the downtown Property and Business Improvement District through Dec. 31, 2034, and directed city staff to work with the association on a comprehensive financial audit of the PBID from inception to date.
The Los Banos City Council on May 7 approved a management agreement that will allow the Los Banos Downtown Association to implement the downtown Property and Business Improvement District (PBID) through Dec. 31, 2034, and directed staff to obtain a full independent financial audit of PBID revenues and expenditures from the district’s start through the present.
The audit direction followed public testimony calling for transparency in how PBID assessment funds were spent and an extended discussion during which city staff explained the limits of the city’s role as the assessment collection agent. Community and Economic Development Director Stacy Souza Elks said the PBID was renewed in August 2024 “through a Prop 218 process” and that the city acts largely as a fiscal conduit rather than the district manager: “PBID is like a homeowners association.”
Why it matters: The PBID levy is added to property tax bills for parcels inside the downtown district; property owners and downtown merchants told the council they…
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