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Supervisors hear plan to form Downtown Community Benefit District for Financial District and Jackson Square
Summary
The Government Audit and Oversight Committee received a presentation on a proposed Downtown Community Benefit District covering 669 parcels, a 15-year term (2020–2034), assessment rates (10¢ per building sq ft; 8¢ per vacant lot sq ft) and a roughly $3.8–$3.9 million annual budget focused on sidewalks and mobility.
Supervisor Gordon Marr convened the Government Audit and Oversight Committee on May 2 and introduced a resolution of intention to establish a Downtown Community Benefit District (CBD) covering the Financial District and Jackson Square.
Helen Marr, project manager with the Office of Economic and Workforce Development, told the committee the CBD formation effort dates back to 2007 and was reinitiated in 2017. She said outreach included a property-owner survey and that the proposal reached the petitioning threshold required to trigger a special election. "The Downtown CBD has reached their 30% petitioning threshold necessary to trigger a special election," she said.
Marco (consultant) presented the management plan and budget. The proposed district would encompass 669 parcels and operate for 15 years, from Jan. 1, 2020,…
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