City Council

(23)\n24-0318\nCD 4\nECONOMIC DEVELOPMENT AND JOBS COMMITTEE REPORT\nrelative to Fiscal Year (FY) 2026 Annual Planning Report (APR) for the\nStudio City, Property-Based, Business Improvement District (BID).\nRecommendations for Council action:\n1. FIND that the APR for the Studio City 2025-2031 BID's 2026 FY\nattached to the City Clerk report dated December 3, 2025,\nattached to the Council file, complies with the requirements of\nthe State Law.\n2. FIND that the increase in the 2026 budget concurs with the\nintentions of the Studio City 2025-2031 BID’s Management\nDistrict Plan and does not adversely impact the benefits\nreceived by assessed property owners.\n3. ADOPT said APR for the Studio City 2025-2031 BID’s 2026 FY,\npursuant to the State Law.\nFiscal Impact Statement: The City Clerk reports that there is no\nimpact to the General Fund associated with this action.