City Council

(22)\n24-0317\nCD 9\nECONOMIC DEVELOPMENT AND JOBS COMMITTEE REPORT\nrelative to Fiscal Year (FY) 2026 Annual Planning Report (APR) for the\nSouth Los Angeles Industrial Tract, Property-Based, Business\nImprovement District (BID).\nRecommendations for Council action:\n1. FIND that the APR for the South Los Angeles Industrial Tract\n2025-2030 BID's 2026 FY attached to the City Clerk report\ndated December 8, 2025, attached to the Council file, complies\nwith the requirements of the State Law.\n2. FIND that the increase in the 2026 budget concurs with the\nintentions of the South Los Angeles Industrial Tract 2025-2030\nBID’s Management District Plan and does not adversely impact\nthe benefits received by assessed property owners.\n3. ADOPT said APR for the South Los Angeles Industrial Tract\n2025-2030 BID’s 2026 FY, pursuant to the State Law.\nFiscal Impact Statement: The City Clerk reports that there is no\nimpact to the General Fund associated with this action.