This resolution approves the annual report for the Japantown Community Benefit District for the fiscal year 2019-2020, as mandated by state law and the district's agreement with the city. It ensures that the district's activities and finances are reviewed and acknowledged by the city.
Resolution receiving and approving an annual report for the Japantown 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 legislation originated from the requirement for the Japantown Community Benefit District to submit an annual report as mandated by state law and its management agreement with the City.
The Board adopted Resolution No. 198-17 expressing the City’s intention to establish the Japantown Community Benefit District under the Property and Business Improvement District Law of 1994.
The Board adopted Resolution No. 302-17 establishing the Japantown Community Benefit District for a period of 10 years, commencing FY 2017-2018.
The Board adopted Resolution No. 461-17 authorizing an agreement with the owners' association for the administration of the Japantown CBD.
The Office submitted a memo summarizing the accomplishments of the Japantown Community Benefit District and confirming compliance with reporting requirements for FY 2019-2020.
Supervisor Haney introduced the resolution to receive and approve the annual report for the Japantown Community Benefit District for FY 2019-2020.
The committee recommended the resolution for adoption.
The Board adopted the resolution receiving and approving the annual report for the Japantown Community Benefit District for FY 2019-2020.
The Mayor approved the resolution, finalizing the legislative process.
Reconstructed from attached documents & the official record
