This resolution approves a management agreement with the Owners' Association to oversee the Ocean Avenue Community Benefit District until December 31, 2040. It allows the nonprofit to manage services and improvements in the designated area, as permitted by state law.
Resolution approving a management agreement with the nonprofit Owners' Association for administration/management of the established property-based Community Benefit District known as the “Ocean Avenue Community Benefit District,” pursuant to California Streets and Highways Code, Section 36651, for a period commencing upon Board approval, through December 31, 2040.
How it got here
The legislation originated from the need to renew and expand the Ocean Avenue Community Benefit District, which was established to fund property-related services and improvements.
The Board adopted Resolution No. 208-25, declaring its intention to renew and expand the Ocean Avenue Community Benefit District and levy assessments on parcels within the district.
The Board adopted Resolution No. 314-25, officially establishing and renewing the Ocean Avenue Community Benefit District and levying multi-year special assessments on identified parcels.
The Planning Department confirmed that the actions related to the management agreement comply with the California Environmental Quality Act.
The committee recommended the resolution approving the management agreement with the Owners' Association for the Ocean Avenue Community Benefit District.
The Board adopted the resolution approving the management agreement for the Ocean Avenue Community Benefit District, allowing the Owners' Association to manage the district until December 31, 2040.
The Mayor approved the resolution, finalizing the management agreement with the Owners' Association.
Reconstructed from attached documents & the official record
