City Council

(34) 08-3292-S1 CD 6 BUDGET AND FINANCE COMMITTEE REPORT relative to the escheatment of idle funds in the Panorama City Business Improvement District (BID), Fund No. 51D. Recommendation for Council action: REQUEST the City Attorney to draft a Resolution authorizing the escheatment of the remaining funds from Panorama City BID, Account No. 51D. Fiscal Impact Statement: The City Clerk reports that there is no impact to the General Fund associated with the recommended action.