Property Based Assessment District
Resolution 10895 (CCS) approved by City Council on July 14, 2015,
ordered the formation of a property and business improvement district on
Lincoln Boulevard (known as the Lincoln PBAD) and authorized the levy of and
placement of assessments on the property tax rolls each year.
Uses for Funds: Enhanced
maintenance, public safety, beautification, and marketing above and beyond
those provided by the City of Santa Monica. Proposed activities and
improvements are described in detail in the Lincoln PBAD Engineer's Report and
Boundaries: The Lincoln PBAD
boundary encompasses five (5) blocks along Lincoln Boulevard corridor from
Wilshire Boulevard to the Interstate 10 Freeway.
Date Established: July 14,
2015 and will continue for 12 additional years until 2028.
Formula: Annual assessment
for FY 2019/20 is based on the land use type and the assessable lot or building
Building sq. ft. per Year
Exceptions: Applies to all properties
within the Lincoln PBAD district with the exception of parcels that are alley
fronting, owner occupied single family residential.
How Funds are Collected: Assessments
are collected by the Los Angeles County Tax Assessor's Office.
Who Administers the Fund: Downtown Santa Monica, Inc.
Approximate Size of Fund: Estimated $400,000 (Fiscal Year 2016-17). Annual assessment increases may range from 0% to 5% to
keep pace with the consumer price index and program costs, and will be subject
to annual review and approval by the Downtown Santa Monica Board of Directors.
Lincoln PBAD Management Plan - 8-9-15
Lincoln Engineer's Report
If you would like more information about the management of the
District, please contact:
Downtown Santa Monica, Inc.
1351 Third Street Promenade, Suite 201
Santa Monica, CA 90401
Phone: (310) 393-8355
Fax: (310) 458-3921