Collect property assessments for downtown improvement district through tax bills
In Plain English
The Downtown Richmond Property and Business Improvement District pays for extra cleaning, security, marketing, and maintenance in downtown Richmond. Property owners in the district pay assessments based on their lot size - commercial properties pay 15 cents per square foot annually while nonprofit housing pays 8 cents. If approved, the city collects these assessments through regular property tax bills and receives a 1% processing fee.
Auto-generated summary. Source: official agenda documents.
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