[Portions of this article are reprinted from today’s “Hi-5 Newsletter,” from Councilmember Paul Koretz’s office.]
On July 30th, ballots cast by commercial property owners along Melrose Ave. (between Highland and Fairfax) were counted by the Los Angeles City Clerk’s Office, and the vote was heavily in favor of creating a new Business Improvement District.
A Business Improvement District, or BID, is a means for a business community to fund and provide certain services and beautification projects within its own specific geographic area. When a BID is created, property owners elect to accept a management plan that will involve assessments to fund such projects and services.
The day after the votes were counted, the Los Angeles City Council formally accepted and approved the results, and the ordinance establishing the BID was sent to the mayor for his signature.
January, 2014 is when the BID goes into actual operation.
Councilmember Koretz and many businesses, property owners and community leaders have worked tirelessly to create this BID. Special thanks go to the Melrose Avenue Property Owners Association and its president, Denis Weintraub, and also consultant Don Duckworth.
Go Melrose Village!