HomeMy WebLinkAbout7/16/2019 Item 15, Piuma �� � ��� � �
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PIUMa PARTNERSHIP ��� !
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e/`EJ 5. 1. �f�ll"�'�i
P.Q. BOX. 2539 � ��`�� ����
DALY CITY, CA 94014
Juiy 8, 2019
Lity.of 5an t�ris flbisbo
- Git�Council �llembers
- City Manager
- City Attorney
City Hall
990 Palm Street
San Luis Obispo, CA 93401
RE: 599�hVi�rxera Street ane�Prvposed PBED by Elown�own S�a Assoe�a��on
tadies and Gentlemen:
We own and ope�rate the com-merciai baNding iocated.at 59�fiiqr�era S�tme�t� at tfie co�rner-
of Nipomo'Stree�t, in 'San Luis �bi�spo:�e,are auairitin,g�o you to prot��t th�e propa�ed PBID bq
the Downtown SLO Association. We have owned and operated this property since 1988 and
have generally agreed with improvement suggestions offered for the Downtown. However, this
proposed PBID is neither fair nor appropriate.
First of all, it imposes a tax on a select group of property owners (approximately 110) to
cover issues and concerns that apply to aff of Downtown. We understand that homefessness
and touri�m are-can�ern�.crfDour�ntovtrn property��ovane�rs ('�ithin and out ofthe�propos�l PBID
asse�ssment zone)bcxt that d�esrry� rrrearr i� is�k�e resporrs�bt6i�y o��kre selec�grocrp�o respont�
and pay for solutions. Homelessness and tourism effect our tenants who offer commercial
services differently than businesses that offer retail services. Additionally, it is hard to
understand how practically an `ambassador program' is going to significantly alleviate a
h�m.�i��s,c���lixiio��l�x i��e��t-�ally�I�.t,o.�anza.l,��al�d��cnn�mi�c cson�l.iti�o.rrs.
Secor�c�,ttie �conomic 'rmpact to tfie proposed P81fl ta�c.ass�ssrrier►t� of a real concern.
Our portaon of this,as�es�ment�rould 'm�crea��flur Pr�pert�ta�e5 k�r,afmc�st 22��rh'tch�nre
would have to pass on to our tenants. Over the five year life of this PBID, that would be a
significant amount. Additionally, this tax puts us at a competitive disadvantage. Our property is
at the fringe of the PBlD zone. Ar►y commercial k�uilding one half block or more south of us on
Higuera Street is not subject to the assessment and doesn't have to pass it on to their tenants.
That is a definite disadvantage when trying to attract new tenants.
Theannual total ass�ssme�nt unfairl�rtarge�ts�a limite�d g,roup o=fpropert�ovrrne�rs_thatfor
the most par�are sma4b basirresses. �'4�€4,�1Q�Elper�ea�ar$2;F100;Qad pG�rs over�'ive years is an
goes to a much larger powntown group and the City of SLO. It just isn't fair and the homeless,
tourist and beautification concerns are the City's responsibifity and should be covered with the
e�ci�ing.taxass�ssrn�nt bas�.
�laeve a�e a s�grii�t�a�rt r��c�bec af,ather p�o-�e�y awc��rs- hath 't� a�td o.u�af t�i�propased
assessment zone-that oppose the proposed PBID. We all would respectfully ask you to
postpone the proposal and consider options that are more fair and equitable.
Please feel fr�e to faflaa�r up with me at(415) 244-��7"or.��u�o��_�I��a��'���s�o�����u�.
Thank you.
Very truly yours,
���� �����—
Stephen J. Piuma,
Ge�era;l Partnec
cc: I'rll. France��.ca P'iuma
Kathy Freeman Godfrey
Risa Brown, Dart Browning
Mark Anderson, Anderson Commercial Rea! Estate Services