Burbank’s Magnolia Park Receives BID

The Burbank City Council Tuesday night approved creating a business improvement district for the Magnolia Park neighborhood. Under the terms of the designation, property owners in the neighborhood will be assessed a special tax that will pay for parking improvements, maintenance, and advocacy to promote business interests, including advertising the area to recruit new businesses. The annual $250,000 budget for the district comes from the assessment based on the square footage of both lot and building size. The district, in effect for the next five years, will be governed by a non-profit board of directors made up of six property owners, two residential representatives, two city representatives, and one business owner. The City Council has oversight of the board. The district’s boundaries are Magnolia Boulevard and Hollywood Way bound by Chandler Boulevard to the north, Clark Avenue to the south, Buena Vista Street to the east and the city limits to the west.