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Committee approves Tenderloin CBD annual report and Japantown CBD management agreement
Summary
OEWD reported the North of Market/Tenderloin Community Benefit District met benchmarks and increased non-assessment revenue; the committee also recommended a management agreement to allow the Japantown CBD to receive city‑collected assessments, enabling about $4 million over 10 years.
The Government Audit and Oversight Committee voted to move two community‑benefit‑district items forward: the resolution receiving the North of Market/Tenderloin CBD annual reports (FY2015–16) and a management agreement with the Japantown CBD owners association.
Tenderloin CBD annual report: Chris Korgas (OEWD) said the North of Market/Tenderloin CBD — a property‑based district established in February 2005 — met OEWD benchmarks for FY2015–16, including budget…
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