City Council

(25) 13-0641-S1 CD 14 ECONOMIC DEVELOPMENT AND JOBS COMMITTEE REPORT relative to the Fiscal Year (FY) 2025 Annual Planning Report (APR) for the Fashion District Los Angeles, Property-Based, Business Improvement District (BID). Recommendations for Council action: 1. FIND that the FY 2025 APR for the Fashion District BID, attached to the City Clerk report dated November 14, 2024, attached to the Council file, complies with the requirements of the State Law. 2. FIND that the increase in the 2025 budget concurs with the intentions of the Fashion District BID's Management District Plan and does not adversely impact the benefits received by assessed property owners. 3. ADOPT said FY 2025 APR for the Fashion District BID, 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.