BoardLOS FELIZ BID BOARD: 2012 Monthly Board Meeting: First Thursday - Communication Please contact a member of the board if you have any suggestions, questions or would like to volunteer to help. Past BID Mtg. Minutes can be found here. Past Newsletters can be found here.
A brief overview on the process that leads to our receiving an assessment from the City of Los Angeles. The first step is to prepare an Annual Report and Budget. The report is usually prepared by the BID President with an advisory board and mailed to the City Clerk's Office (Los Angeles). There the report is subject to review, approved and then sent tot he Housing, Community and Economic Development (HCED) Committee of the City Council. This committee meets every Wednesday. Once approved by the Committee, the report is sent to the City Council for approval of the Ordinance of Intention to renew the BID. The mayor has 7 days, following the City Council approval, in which to sign the Ordinance. Once signed, the Ordinance and all pertinent information are mailed to the existing BID database. The information includes the date(s) of the Public Hearing, which occurs a minimum of 10 days after council approval. At the public hearing, if there is NOT a majority protest and it so desires, the City Council will adopt an Ordinance renewing the BID. If the Ordinance is approved, it takes 40 days for it to become effective. Forty days AFTER the approval of the Ordinance, the assessment bills are mailed out to the BID membership. The entire process takes approximately 8-10 weeks, typically beginning in the month of January. The Los Feliz Village BID is renewed EVERY year because it is a business-based BID. For more information regarding BIDS we recommend visiting: Los Angeles Office of the City Clerk |
