City Council

(37)\n12-0139\nCDs 1, 8, 9\nECONOMIC DEVELOPMENT AND JOBS COMMITTEE REPORT\nrelative to Fiscal Year (FY) 2026 Annual Planning Report (APR) for the\nFigueroa Corridor, Property-Based, Business Improvement District\n(BID).\nRecommendations for Council action:\n1. FIND that the APR for the Figueroa Corridor 2018-2027 BID's\n2026 FY attached to the City Clerk report dated December 19,\n2025, attached to the Council file, complies with the\nrequirements of the State Law.\n2. FIND that the increase in the 2026 budget concurs with the\nintentions of the Figueroa Corridor 2018-2027 BID’s\nManagement District Plan and does not adversely impact the\nbenefits received by assessed property owners.\n3. ADOPT said APR for the Figueroa Corridor 2018-2027 BID’s\n2026 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.