This resolution approves the annual report for The East Cut 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 community improvement initiatives.
Resolution receiving and approving an annual report for The East Cut 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 East Cut Community Benefit District to submit an annual report as mandated by California law and its management agreement with the City.
The Board adopted Resolution No. 199-15 expressing the intention to establish the Greater Rincon Hill Community Benefit District and approved a Management Plan.
The Board adopted Resolution No. 299-15 establishing the Greater Rincon Hill CBD for a period of 15 years.
The Board adopted Resolution No. 506-15 authorizing an agreement with the Greater Rincon Hill Association for the administration of the CBD.
The Board approved the annual reports for FY2017-2018 and changed the name of the district to The East Cut Community Benefit District in Resolution No. 492-19.
The Board approved the East Cut CBD’s annual report for FY2018-2019 in Resolution No. 022-21.
Supervisor Haney introduced the resolution to receive and approve the annual report for FY2019-2020, as required by law.
The committee recommended the resolution for approval.
The Board adopted the resolution receiving and approving the annual report for The East Cut CBD for FY2019-2020.
Reconstructed from attached documents & the official record
This resolution approves the annual report for The East Cut Community Benefit District for the fiscal year 2020-2021, as required by state law and the district's agreement with the city. It confirms that the district has met its reporting obligations.
