City Council

(30)\n24-0477\nCD 2\nECONOMIC DEVELOPMENT AND JOBS COMMITTEE REPORT\nrelative to the Fiscal Year (FY) 2026 Annual Planning Report (APR) for\nthe North Hollywood Transit, Property-Based, Business Improvement\nDistrict (BID).\nRecommendations for Council action:\n1. FIND that the APR for the North Hollywood Transit 2025-2030\nBID's 2026 FY attached to the City Clerk report dated\nDecember 29, 2025, attached to the Council file, complies with\nthe requirements of the State Law.\n2. FIND that the increase in the 2026 budget concurs with the\nintentions of the North Hollywood Transit 2025-2030 BID’s\nManagement District Plan and does not adversely impact the\nbenefits received by assessed property owners.\n3. ADOPT said APR for the North Hollywood Transit 2025-2030\nBID’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.