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Committee recommends Central Market CBD management contract, enabling transfer of assessment funds
Summary
The Budget and Finance Committee recommended forwarding a resolution to approve a management contract for the renewed Central Market Community Benefit District; OEWD staff said approval would allow the city to transfer assessment funds as early as next week, and the CBD's executive director thanked the committee.
The San Francisco Board of Supervisors Budget and Finance Committee on Jan. 29 recommended forwarding a management contract that would allow the city to transfer assessment funds to the renewed and expanded Central Market Community Benefit District.
An Office of Economic and Workforce Development representative (identified in the agenda as Ms. Tonno) told the committee the contract is a standard template used for community benefit districts and is required for the city to transfer assessment funds collected on the district's behalf. The representative said, "If approved by the full board, it will allow us to transfer the funds as early as, next week," and estimated the city would deliver "approximately 1 over a million dollars" to the CBD during fiscal 2013–14.
Tracy Everwein, executive director of the Central Market CBD, told the committee the organization was grateful for the resolution and "very eager to start delivering our services to the neighborhood, particularly the Sixth Street corridor," which the representative said is newly included in the district.
Chair Supervisor Mark Farrell called for a motion to send the item forward with recommendation to the full Board of Supervisors; the motion carried without recorded opposition. The committee took no further action beyond the recommendation and public comment recorded on Jan. 29.
If the full board approves the resolution, the city will be able to begin transferring assessment funds to the Nonprofit Owners Association, the CBD's designated manager, and the district's management organization said it intends to begin delivering neighborhood services shortly thereafter.
