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Board approves modification to Central Market Community Benefit District management plan after ballot tabulation
Summary
Following a public hearing and weighted-ballot tabulation finding no majority protest, the Board of Supervisors approved changes to the Central Market Community Benefit District’s management district plan and engineer’s report to remove a district-wide cap so assessments can reflect parcel development.
The San Francisco Board of Supervisors on Sept. 20 approved a modification to the management district plan and engineer’s report for the Central Market Community Benefit District to remove a district-wide cap on annual assessment revenue.
Richard Carrillo of the Office of Economic and Workforce Development briefed the board on the proposed change, saying the central-market engineer's formula—based on linear street frontage, lot square footage and building square footage—remained the same, but the district-wide cap tied to the fiscal-year 2013–14 baseline would be removed to allow assessments to reflect parcel development. He said "all assessments will still be calculated according to the same formulas" and that most parcel assessments would be unaffected, while development-driven parcels could see higher assessments.
Executive director Tracy Everwine of the Central Market CBD…
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