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Committee advances management agreements for SoMa West, North of Market/Tenderloin and Union Square districts
Summary
The committee recommended approval of management agreements that allow the city to transfer collected assessments to three community benefit districts and added contract language on campaign restrictions and public access to records. Projected transfers total several million dollars in FY2019–20.
The Audit & Oversight Committee forwarded three related resolutions to the full Board approving management agreements between the city and nonprofit owners’ associations that will allow the controller to transfer assessment funds to the SoMa West Community Benefit District, the North of Market/Tenderloin CBD and the Union Square Business Improvement District.
Chris Korgas of the Office of Economic and Workforce Development described a standard contract template…
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