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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 variance targets and disclosure of carryover funds. The CBD reported approximately 677 parcels, and an assessment budget in its initial year of about $981,000 (presented as the assessment budget for an initial year), and for FY2015–16 raised 19.47% of revenues from non‑assessment sources, an improvement that staff highlighted. OEWD recommended the CBD strengthen organizational processes to reduce disruption from staff or vendor transitions and begin preparations for renewal.
Japantown owners association agreement: Helen Marr (OEWD project specialist) and President Breed described the final step to authorize a management agreement with the Japantown owners association. Marr said the agreement is a city template adjusted for the CBD and that the Japantown CBD’s general benefit contribution is set at 1.56% of its total budget; if the full Board approves, staff estimated approximately $4,000,000 would be delivered to the Japantown CBD over its 10‑year duration.
Outcome: Both items were moved forward with the committee's recommendation to the full Board and were taken without opposition.
Why it matters: Management agreements and annual reporting are prerequisites for city transfers of assessment funds to CBDs; the items enable local neighborhood services such as sanitation, safety partnerships (including camera grants noted by the Tenderloin CBD) and neighborhood activation projects.
