City Council

(10) 12-0963-S1 CDs 4, 5, 13 TRADE, TRAVEL AND TOURISM COMMITTEE REPORT relative to the Hollywood Media District (Property-Based) Business Improvement District (BID) 2024 Fiscal Year Annual Planning Report. Recommendations for Council action: FIND that: The 2024 Annual Planning Report for the Hollywood Media District (Property-Based) BID, attached to Council file 12-0963-S1, complies with the requirements of the State Law. The increase in the 2024 budget concurs with the intentions of the Hollywood Media District (Property-Based) BID’s Management District Plan and does not adversely impact the benefits received by assessed property owners. ADOPT the Annual Planning Report for the Hollywood Media District (Property-Based) BID’s 2024 Fiscal Year, attached to the Council file, pursuant to the State Law. Fiscal Impact Statement: The City Clerk reports that there is no impact to the General Fund associated with this action.