Brief

The City Clerk submitted the annual report for Council District 9 Public Benefits Trust Fund No. 48X covering fiscal year 2024-25. The report was referred to the Public Safety Committee in March 2026, approved there in April, and adopted by the full Council on May 5, 2026 by a vote of 14-0-1. The file is now closed.

Full summary

Council File 26-0356 is the annual report filing for Council District 9 Public Benefits Trust Fund No. 48X for the 2024-25 fiscal year. Public benefits trust funds are accounts managed by the City to hold and distribute monies for specified public purposes within a council district, typically derived from development agreements, community benefits packages, or similar revenue sources tied to real estate or commercial projects. The City Clerk's Office submitted the annual report on March 11, 2026, and it was referred to the Public Safety Committee the following day. The committee took up the report at its April 22, 2026 meeting, where members Lee, Price, and Soto-Martinez voted in favor of recommending the Council note and file it; McOsker and Park were absent. The committee's recommendation carried no fiscal impact statement, and no community impact statements were submitted by the public. After opening the floor for public comment, the committee forwarded the matter to the full Council. The Council adopted the report on May 5, 2026 by a vote of 14-0-1, accepting the City Clerk's annual accounting of the trust fund's activity for the fiscal year. The action is final and subject to reconsideration under Council Rule 51, a standard provision. The file is now closed. The source documents do not detail the fund's specific balance, disbursements, or pending allocations for 2024-25; the legislative record reflects only that the annual reporting obligation was fulfilled and the report was received without objection.

Activity (7)

• 2026-05-05 Council action final.
• 2026-05-05 Council adopted item, subject to reconsideration, pursuant to Council Rule 51.
• 2026-05-01 City Clerk scheduled item for Council on May 5, 2026.
• 2026-04-22 Public Safety Committee approved item(s) .
• 2026-04-17 Public Safety Committee scheduled item for committee meeting on April 22, 2026.
• 2026-03-12 City Clerk document(s) referred to Public Safety Committee.
• 2026-03-12 Document submitted by City Clerk, dated March 11, 2026.

Documents (5)

• 2026-05-06 Council Action · council_action
• 2026-05-05 Speaker Card(s) · speaker_card
• 2026-04-22 Report from Public Safety Committee · report
• 2026-04-22 Speaker Card(s) · speaker_card
• 2026-03-11 Report from City Clerk · report