This resolution approves the annual report for the Castro/Upper Market Community Benefit District for the fiscal year 2019-2020, as required by state law. 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 Castro/Upper Market 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 Castro/Upper Market 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. 421-05 expressing the City’s intention to establish the Castro/Upper Market Community Benefit District under the Property and Business Improvement District Law of 1994.
The Board adopted Resolution No. 582-05 officially establishing the Castro/Upper Market CBD for a period of 15 years, commencing Fiscal Year 2005-2006.
The Board adopted Resolution No. 14-06, authorizing an agreement with the owners' association for the administration and management of the Castro/Upper Market CBD.
The Castro/Upper Market CBD submitted its annual report for FY 2019-2020, which was reviewed by the Office of Economic and Workforce Development.
Supervisor Mandelman introduced the resolution to receive and approve the annual report for the Castro/Upper Market CBD for FY 2019-2020.
The committee recommended the resolution for approval, confirming compliance with the required reporting standards.
The Board adopted the resolution receiving and approving the annual report for the Castro/Upper Market CBD for FY 2019-2020.
The Mayor approved the resolution, finalizing the legislative process for the annual report.
Reconstructed from attached documents & the official record
This resolution approves the annual report for the Castro/Upper Market Community Benefit District for the fiscal year 2020-2021, 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.
