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Title:
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Ordinance amending San Francisco Business and Tax Regulations Code, Article 15 (Business Improvement Districts Procedure Code), Sections 1510 and 1511, and by adding Section 1515, to provide for a district term of up to 40 years when assessments are pledged or applied to pay any bond, financing lease (including any certificates of participation therein), or other similar obligations of the City; authorize the Board of Supervisors to require a weighted two-thirds (2/3) vote of business owners to be assessed, based on ballots cast, as an alternative or additional procedure for establishing a business improvement district and levying assessments; and clarify existing provisions and update references to state law; and making a finding that California Constitution, Article XIIID, does not apply to the levy of business assessments authorized by Business and Tax Regulations Code, Article 15.
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