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Section 5 <br /> District Rules and Regulations and Governance <br /> There are no specific rules and regulations prescribed for the proposed Downtown San Leandro <br /> Community Benefit District Management Corporation except that it will adhere to the open <br /> meeting provisions of the Ralph M. Brown Act and will seek to be as open and transparent to <br /> the CBD assessees and the public at large as is reasonably possible. <br /> Pursuant to the City of San Leandro Community Benefit District Ordinance and Section 36600 of <br /> the California Streets and Highway Code, a District Management Corporation or Owners' <br /> Association, will review District budgets and policies annually within the limitations of the <br /> Management District Plan. The Management Corporation will file Annual Reports with the City <br /> of San Leandro and will oversee the day-to-day implementation of services as defined in the <br /> Management District Plan. Section 36614.5 states: <br /> "The "Owners' association" means a private nonprofit entity that is under contract with a city to <br /> administer or implement activities and improvements specified in the management district plan. An <br /> owners' association may be on existing nonprofit entity or o newly formed nonprofit entity. An owners' <br /> association is o private entity and may not be considered o public entity for any purpose, nor may its board <br /> members or staff be considered to be public officials for any purpose." <br /> Bonds: <br /> The District will not issue any bonds related to any program. <br /> 29 <br />