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Q&A
BID formation process, funding, and potential impact of containerization rules
1:03:44
ยท
3 min
Commissioner Gross explains the BID formation process, funding sources, and addresses concerns about the potential impact of new containerization rules on BID formation.
- BID formation requires a driven group of stakeholders in the community to lead the process
- At least 51% of property owners in the district must support the formation of a BID
- SBS provides bid formation grants to support staffing, planning projects, research, and implementation
- The application for FY26 bid formation grants closes on March 30
- New containerization rules are not currently seen as a deterrent to BID formation
- Communities planning new BIDs can factor in containerization costs during their planning stages
Oswald Feliz
1:03:44
Alright.
1:03:44
Thank you for the information.
1:03:46
Few questions about bids and bid formation and a few other topics.
1:03:53
I guess the first one is a very broad question.
1:03:56
Talk to us about all the funding and processes related to bid formation.
Dynishal Gross
1:04:04
You.
Oswald Feliz
1:04:04
Different grants that we have available and different process.
1:04:07
Know it's a very lengthy process as someone who's going through a bid formation in East Tremont.
1:04:11
Thank you for all the help on that too by the way.
Dynishal Gross
1:04:14
The bid thank you council member and we really appreciate your support for the community effort to form a bid in East Tremont and you know from your engagement in that process that the bid formation process really requires a driven group of stakeholders in the community to lead that process forward.
1:04:34
It has to be driven by demand.
1:04:37
The those stakeholders plan a set of outreach activities and mailings to to gather, increase and document the support of stakeholders in the community for bid formation.
1:04:52
We want to see and the law requires that at least 51 of property owners in the district are in support of the formation of the bid and so with our bid grants we are looking for community groups that have begun this process and have the capacity to to carry it through to conclusion.
1:05:12
We want to see that they're working with us, they've expressed their interest in forming a bid to SBS, that they've worked to establish a formal steering committee and we produce a guide and share a guide on bid formation to inform them of how to initial steps and then we want to see that they meet the eligibility requirements to apply for the bid formation grant which are set out in our rules and you know to which we are accountable to hold these awardees.
1:05:43
And so bid formation grants can be used to support staffing, other planning projects and research, and the implementation of a bid formation or expansion proposal.
1:05:58
So we currently have bid formation grant applications for FY twenty six open.
1:06:04
The application will close on Sunday, March 30, so next weekend at 11:59 p.
1:06:12
M.
1:06:13
And so we are tracking the number of applications in progress and groups can also reach out to our neighborhood development team if they have questions or need support putting together an application for bid formation grant for next fiscal year.
Oswald Feliz
1:06:30
Given what will be a new cost for having a bid, the containerization rules, given that new cost do you think that those new rules can potentially discourage different areas from forming a bid given that they might say this would be our budget if we form and this is going be a new cost which is going to take up the entire budget?
Dynishal Gross
1:06:52
We haven't heard from the steering committees that we're working with now on bid formation efforts that the containerization kind of policy evolution is a deterrent.
1:07:06
And in fact you know perhaps they'll be better positioned because from the point of their outreach and their planning of their geography and assessments they can plan for these costs.
1:07:17
So it definitely you know it's a new it will be a new cost for bids but we haven't found that to undermine the desire of communities and stakeholders in the community to form new bids at this point.