The Council finds that: Business Improvement Districts will help the District to promote economic growth and employment downtown and in other areas of the District; Property owners should be encouraged to create BIDs and BID corporations to enhance their local business climate; BID corporations should be given flexibility in establishing the self-help programs most consistent with their local needs, goals and objectives; and Because additional services and improvements attendant to a BID will provide direct benefits to the real property within a BID, the most equitable method of financing such services is to levy an additional real property tax against all taxable properties within a BID District. The purpose of this subchapter is to provide for the creation of Business Improvement Districts the activities of which will promote the general welfare of the residents, employers, employees, property owners, commercial tenants, consumers, and the general public within a BID’s geographic area by preserving, maintaining, and enhancing the economic health and vitality of a BID area as a community and business center.
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