City Council

7.1 PUBLIC HEARING TO ADOPY LEVY ON THE PARKING AND BUSINESS IMPROVEMENT\nDISTRICT (PBID) ANNUAL ASSESSMENT FOR FISCAL YEAR 2025-26 AND 2026-27\nComments:\nOn October 21, 2025, staff presented the proposed Annual Spending plan for the\nproposed PBID FY2025-26 and FY2026-27 and requested Council to set the date for the\nPublic hearing for the consideration of approving the PBID annual assessment. Council\nset November 18, 2025, as the Public hearing date and will take public comments prior to\nfinal action assessing the PBIB per resolution.\nOn November 27, 1985, Lynwood Ordinance 1262 was adopted into law establishing the\nParking and Business Improvement District (PBID). PBID assessments are levied as a\nfair and equitable way to provide funds to maintain, operate, and improve business areas\nin the City. The fundamental purpose of the PBID is to promote the economic\nrevitalization and physical maintenance of the Lynwood business community. (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 CALIFORNIA,\nADOPTING THE RESOLUTION OF THE PARKING AND BUSINESS IMPROVEMENT\nDISTRICT (PBID) ADVISORY BOARD'S RECOMMENDATION OF SETTING THE\nASSESSMENT AGAINST BUSINESS ENTERPRISES IN THE PBID FOR FISCAL\nYEARS 2025-26 AND 2026-27, FOR THE LEVY OF THE ASSESSMENT PURSUANT\nTO THE APPROVED REPORT."