City of Berkeley Telegraph Property Based Business Improvement District Report May 2023
Berkeley Continues $7.41M Telegraph BID Management Contract
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Description
The City of Berkeley continues its contract with the Telegraph Property and Business Management Corporation, not to exceed $7,410,024 in BID revenues, to implement the Telegraph Management District Plan. The agreement runs from January 1, 2018 through December 31, 2027 and funds cleaning, hospitality, and marketing services for the Telegraph district.
Contract Details
Contract Amount
Not to exceed $7,410,024 of BID revenues
Vendor
TELEGRAPH PROPERTY & BUSINESS MANAGEMENT CORPORATION
Agency
City of Berkeley, CA
Contract Type
OTHER
Document Date
May 23, 2023
Contract Term
January 1, 2018 to December 31, 2027
Renewal Date
2027-12-31
Renewal Info
Ten-year BID management contract covering 2018–2027 as part of the 2017 TBID reauthorization; no specific renewal or extension options are described in this document.
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