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Committee authorizes city to support renewal of North of Market/Tenderloin CBD assessment
Summary
The committee recommended the full Board vote to allow the mayor or designee to cast the city's ballots in favor of renewing and expanding the North of Market/Tenderloin Community Benefit District; city’s first-year assessment obligation was presented as roughly $67,094.
The Government Audit & Oversight Committee heard a presentation and public comment on a resolution authorizing the mayor (or designee) to cast the City and County’s assessment ballots in favor of renewing and expanding the North of Market / Tenderloin Community Benefit District (CBD).
Chris Corgus of the Office of Economic and Workforce Development summarized the ballot process and noted the city’s first-year assessment obligation, should the CBD be renewed and expanded, would be approximately $67,094.43 (about 3.42% of the CBD’s first-year assessment budget). The legislation includes a parcel-level list of city-owned properties that would be assessed and a description of the district’s budget and services.
Speakers representing the Tenderloin CBD (executive director Simon Breitring) and Hastings Law School urged support, citing the CBD’s cleaning and safe-passage programs, public-safety camera partnerships, and neighborhood economic initiatives.
The committee voted to forward the item to the full Board with a positive recommendation.
