Board Policy Manual
Proposed
March 12, 2024
Stadium Authority Board Compliance and Management Policy This policy sets the framework for compliance of the mandates of The Santa Clara Stadium Taxpayer Protection and Economic Progress Act (Measure J), passed by the voters of the City of Santa Clara in June 2010 and the management of Levi’s® Stadium (Stadium). Measure J was the legislation that approved the development on City-owned land of a Stadium suitable for the exhibition of professional football games and other event subjects, however, to the binding requirements set forth in Measure J to safeguard the City’s General and Enterprise Fund and protect City taxpayers. Measure J was enacted for the following purposes:
Generate New Revenue for Santa Clara
Create New Jobs
Provide Taxpayer Protections
Generate Community Funding
To ensure that the Stadium operates within the boundaries of Measure J and that it is managed effectively, the Stadium Authority Board (Board) established the following Board priority in January 2017:
Ensure Compliance with Measure J and Manage Levi’s Stadium The Board is committed to complying with the regulations of Measure J and governance of the Stadium Authority and its activities through the below framework:
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Oversight – effective management of the Stadium
Commitment – to the citizens of Santa Clara to protect the community and safeguard the City’s General Fund Compliance – with Measure J and various Stadium agreements Transparency – to provide information required for decision making Communication – to keep the public informed of issues related to the Stadium Adequate Resources – to maintain the necessary resources, including staffing, to effectively manage the Stadium Enforcement – to require that Stadium contracts and agreements are accurately followed Monitoring – perform compliance and financial audits by both internal and external auditors Corrective Action – audit report of all findings which will require a written response to any non-compliant finding Board decisions must be aligned to the voter approved Measure J legislation and evaluation of this initiative must be reviewed against the purpose for which Measure J was established. The intent of the above framework is to provide transparency of conventional activities that the Stadium Authority will engage in to ensure Measure J compliance.
Stadium Authority Board Compliance and Management Policy Proposed
March 12, 2024