This resolution approves the annual report for the Yerba Buena Community Benefit District for the fiscal year 2019-2020, as required by state law and the district's agreement with the city. It ensures that the district's activities and financials are reviewed and acknowledged by the city.
Resolution receiving and approving an annual report for the Yerba Buena Community Benefit District for Fiscal Year (FY) 2019-2020, submitted as required by the Property and Business Improvement District Law of 1994 (California Streets and Highways Code, Sections 36600, et seq.), Section 36650, and the District’s management agreement with the City, Section 3.4.
How it got here
The Yerba Buena Community Benefit District's annual report for FY 2019-2020 was prompted by previous legislation and required reviews by city departments.
The Board adopted Resolution No. 197-15 to renew and expand the Yerba Buena Community Benefit District (CBD) for 15 years.
The Board adopted Resolution No. 300-15, officially renewing and expanding the Yerba Buena CBD.
The Board adopted Resolution No. 502-15, authorizing an agreement with the owners' association for the management of the Yerba Buena CBD.
The Office submitted a memo summarizing the performance of the Yerba Buena CBD and confirming compliance with reporting requirements.
Supervisor Haney introduced the resolution to receive and approve the annual report for FY 2019-2020.
The committee recommended the resolution for approval.
The Board adopted the resolution receiving and approving the annual report for the Yerba Buena CBD for FY 2019-2020.
The Mayor approved the resolution, finalizing the legislative process.
Reconstructed from attached documents & the official record
