City Council

8.1 INTENT TO LEVY PARKING AND BUSINESS IMPROVEMENT DISTRICT (PBID)\nANNUAL ASSESSMENT AND APPROVE THE PBID ANNUAL SPENDING PLAN FOR\nFISCAL YEAR 2025-26 AND 2026-27\nComments:\nPursuant to Section 36500, et. sec. of the Streets and Highway Code of the State of\nCalifornia, on November 27, 1985, Lynwood Ordinance 1262 was adopted into law\nestablishing the Parking and Business Improvement District (PBID). The PBID Area is all\nof the territory within the boundaries of the City of Lynwood. PBID assessments are levied\nas a fair and equitable way to provide funds to maintain, operate, and improve business\nareas in the City. (CD)\nRecommendation:\nConduct a public hearing, receive public testimony, and after discussion, vote to adopt\nthe attached resolution entitled: "A RESOLUTION OF THE CITY COUNCIL OF THE\nCITY OF LYNWOOD, COUNTY OF LOS ANGELES, STATE OF CALIFIRNIA\nAPPROVING THE PARKING AND BUSINESS IMPROVEMENT DISTRICT (PBID)\nADVISORY BOARD'S RECOMMENDATION OF SETTING THE ASSESSMENT\nAGAINST BUSINESS ENTRRPRISES IN THE PBID FOR FISCAL YEARS 2025-26 AND\n2026-27, AND FIXING THE TIME AND PLACE OF THE PUBLIC HEARING FOR THE\nLEVY OF THE ASSESSMENT."