City Council

(20) 15­0417­S2 CD 15 TRADE, TRAVEL AND TOURISM COMMITTEE REPORT relative to the Fiscal Year (FY) 2024 Annual \nPlanning Report (APR) for the San Pedro Historic Waterfront, Property Based, Business Improvement District (BID). \nRecommendations for Council action: 1. FIND that the APR for the San Pedro Historic Waterfront BID's 2024 FY attached \nto the City Clerk report dated January 31, 2024, attached to the Council file, complies with the requirements of the State Law. \n2. FIND that the increase in the 2024 budget concurs with the intentions of the San Pedro Historic Waterfront BID's Management \nDistrict Plan and does not adversely impact the benefits received by assessed property owners. 3. ADOPT said APR for the San Pedro \nHistoric Waterfront BID's 2024 FY, pursuant to the State Law. Fiscal Impact Statement: The City Clerk reports that there is no impact \nto the General Fund associated with this action.