Los Angeles

City Council

September 10, 2024 Item #2

Agenda Item 2

(2) 14­0855­S3 CD 13 TRADE, TRAVEL AND TOURISM COMMITTEE REPORT and ORDINANCE OF INTENTION FIRST CONSIDERATION relative to modifications to the Hollywood Entertainment District Property and Business Improvement District (BID) Management District Plan. Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: 1. PRESENT and ADOPT the accompanying ORDINANCE OF INTENTION, dated August 6, 2024, to modify the Hollywood Entertainment District BID’s Management District Plan. 2. INSTRUCT the City Clerk to schedule a public hearing before the Council to consider modification of the Hollywood Entertainment District BID’s Management District Plan. 3. REQUEST the City Attorney, with the assistance of the City Clerk, to prepare and present an Ordinance authorizing modification of the Hollywood Entertainment District BID’s Management District Plan for Council consideration during the required public hearing. Fiscal Impact Statement: The City Clerk reports that funding for the 16 private­owned properties located within the alley overlay of the BID are to be paid from the additional assessment on the alley front footage. The additional assessment will be included with the allocation of the 2025 BID Total Budget.