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Council approves $69,488 assessment for Business Improvement District No. 1

City of Fremont City Council · February 25, 2026
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Summary

The council voted 7‑0 to levy a $69,487.84 special tax assessment on BID No. 1 properties, applying a $120 per $100,000 assessed‑value method outside the district core and $160 per $100,000 inside the core.

City clerk Michael Chatterton presented Resolution 2026‑039 and explained the assessment method for Business Improvement District No. 1 during the Feb. 24 meeting.

Chatterton told the council the BID now exempts single‑family owner‑occupied properties and that properties outside the district core are assessed at $120 per $100,000 in assessed value while properties inside the core (Park to Main, Main to 1st) are assessed at $160 per $100,000. The total levy for the district was listed as $69,487.84.

Councilmember (mover) moved to approve Resolution 2026‑039 and a second was recorded; the motion carried 7‑0.

The resolution authorizes staff to levy the special assessment as described; council did not receive public comment on the item and closed the public hearing before the vote. The assessment is intended to fund BID services and operations identified in the district backup materials.