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Committee reviews FY17-18 Community Benefit District reports for Noe Valley, Fisherman—s Wharf, Ocean Avenue and Top of Broadway
Summary
OEWD presented FY17-18 annual reports for four Community Benefit Districts; most met OEWD benchmarks though Noe Valley failed one benchmark and Top of Broadway reported a significant decrease in contributions. The committee recommended sending the reports to the full Board with positive recommendations.
The committee reviewed annual reports for four Community Benefit Districts (CBDs) covering fiscal year 2017-18.
Noe Valley CBD: OEWD project manager Helen Marr said the Noe Valley district (approximately 218 parcels, initial assessment ~$230,138, established 2005) did not meet OEWD—s benchmark 1 (variance vs. management plan) due to higher administrative/corporate operations costs. The district is petitioning for renewal before its June 2020 sunset and staff recommended the CBD decrease administrative expense percentages and increase contingency reserves.
Fisherman—s Wharf CBD: OEWD reported the district met all four benchmarks for FY17-18. The land-side assessment initial budget was cited at about $622,000 and the port-side assessment at about $187,113. The district exceeded non-assessment revenue expectations and reported active event programming and marketing work.
Ocean Avenue CBD: OEWD and executive director Dan Weaver reported the district (initial assessment $239,578, est. 2010) met OEWD benchmarks, raised $107,972 in non-assessment grant funding (total revenue $429,511) and implemented projects on cleaning, urban forestry and events, including Unity Plaza programming.
Top of Broadway CBD: OEWD said the smallest CBD (approx. 39 parcels, initial assessment ~$106,567, est. 2013) met OEWD—s benchmarks but recorded a significant decrease in contributions that could threaten long-term health if it continued; OEWD noted the district leveraged grants and sponsorships to sustain services.
The committee moved each item to the full Board with a positive recommendation.
