Res19 15780 - Laserfiche WebLink

Browse Search

REDWOOD CITY As they pertain to GI, property owners in a watershed could be assessed to fund stormwater runoff management programs that provide direct benefit to properties within that watershed or sub -basin. The watershed unit may be particularly effective and equitable as programs can be tailored to address specific priorities identified within that watershed and would include the diverse socio-economic demographics from the hills to the flatlands typical to a Bay Area urban watershed. Benefit assessments are not taxes or fees and must be approved by a weighted majority of the affected property owners that cast votes. Benefit assessments typically are collected as part of the annual property tax bill. Community Facilities Districts: Community facilities districts, more commonly known as "CFDs" or "Mello -Roos Districts," are a form of special tax, and must be approved by property owners or registered voters. Similar to benefit assessments, CFDs are often formed during the development process for a finite set of parcels owned by a single entity. Often, formation of a CFD will be included in the conditions of approval for a development. As a tax, the structure of the charges and the use of the funding is much more flexible than for a benefit assessment. For instance, publicly -owned property can be exempted as well as other classes of properties (such as commercial properties in a school-based CFD). In addition, general benefit does not need to be considered or funded From other sources. Finally, CFD taxes are easily structured to allow for future expansion to other properties that are developed in the future. They need not be contiguous to the original (or seed) development. As they pertain to GI, the flexibility inherent in a CFD tax would allow flexibility in the types of improvements or services that are funded. However, as a tool primarily used for new development, the proceeds may be restricted to improvements and services for those new developments only. Business Improvement District fBIDI: Business improvement districts are mechanisms in which businesses and property owners tax themselves and manage the funds to build or maintain certain assets. The BID can be set up and administered by the community members. For example, the Dogpatch and Northwest Potrero Hill Green Benefit District (http://dnwph-gbd.org) is a Green Business Improvement District in San Francisco developed to fund and RWC GREEN INFRASTRUCTURE PLAN GREEN INFRASTRUCTURE PLAN 37 JUNE 2019 ATTY/RESO.0075/CC RESO APPROVING THE GREEN INFRASTRUCTURE PLAN — EXHIBIT RESO. NO. 15780 REV: 06-20-19 PR MUFF NO. 802