This resolution approves the annual report for the Ocean Avenue Community Benefit District for the fiscal year 2019-2020, as mandated by state law and the district's agreement with the city. It ensures compliance with reporting requirements for the district's operations and activities.
Resolution receiving and approving an annual report for the Ocean Avenue 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 Ocean Avenue Community Benefit District (CBD) annual report for FY 2019-2020 was prompted by the requirements of the Property and Business Improvement District Law of 1994 and previous Board actions establishing the CBD.
The Board adopted Resolution No. 437-10 expressing the intention to establish the Ocean Avenue Community Benefit District.
The Board adopted Resolution No. 587-10 establishing the Ocean Avenue CBD for a period of 15 years, commencing FY 2010-2011.
The Board adopted Resolution No. 221-11 authorizing an agreement with the Ocean Avenue Association for the administration of the Ocean Avenue CBD.
The Ocean Avenue CBD submitted its annual report for FY 2019-2020, which was reviewed by OEWD staff.
Supervisor Melgar 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 Ocean Avenue CBD for FY 2019-2020.
The Mayor approved the resolution, finalizing the approval process for the annual report.
Reconstructed from attached documents & the official record
This resolution approves the annual report for the Ocean Avenue Community Benefit District for the fiscal year 2020-2021, as required by state law and the district's management agreement with the city. It ensures that the district's activities and finances are reviewed and acknowledged by the city.
