Council votes to extend Citrus Heights business improvement district for 10 years

Updated July 1, 8:09 a.m.–
By Sara Beth Williams– The Citrus Heights City Council unanimously approved the renewal of the Sunrise MarketPlace Property and Business Improvement District for a term of 10 years at last Thursday’s City Council meeting.

A total of 34 ballots were returned according to the business district, comprising 28 ballots in favor and 6 ballots opposed.

“Clearly, the businesses see the benefit of the PBID and so do we,” Vice Mayor Jayna Karpinski-Costa said, following the tabulation of ballots and the announcement of the percentage of those approving the renewal.

The City Council unanimously approved the amendment to the city code to allow the district to be renewed for a 10-year term. The current term ends Dec. 31, 2024, with the business district last being renewed for a 3-year term in 2021.

“We are grateful for our property owners’ support in this renewal and extend our appreciation to City Manager Ash Feeney for facilitating a seamless process within the City,” Sunrise MarketPlace wrote in a news release via email.

Assessment fees pay for district enhancement programs, economic development, related policy development and administration, maintenance, and other improvements as laid out in a Management District Plan summary submitted by the district. Any funds remaining at the end of any year can roll over to subsequent years.

“The next decade is sure to be a success,” Economic Development and Community Engagement Director Meghan Huber said following the council’s approval of renewing the district.

According to the city, retail properties within the Sunrise MarketPlace will pay 7 cents per square foot annually, and properties labeled “other commercial” will pay 4.5 cents per square foot annually.

The annual budget from Sunrise MarketPlace’s initial first term in 2000 has nearly doubled from $495,000 to $882,600.

*Correction: This story has been updated to reflect the proper square-foot price “other commercial” properties will pay. The rate is 4.5 cents, not 45 cents.