Los Angeles

City Council

March 15, 2023 Item #15

Agenda Item 15

(15) 14-1174-S54 MOTION (KREKORIAN - LEE) relative to amending the Council action of August 30, 2019 regarding the use of CRA/LA Excess Bond Proceeds for the Chandler Bikeway Development project (North Hollywood Redevelopment Project Area). Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: AMEND the Council action of August 30, 2019 regarding the use of CRA/LA Excess Bond Proceeds for the Chandler Bikeway Development project (North Hollywood Redevelopment Project Area) to transfer and appropriate $170,000, representing surplus funding returned by the contractor on this project, in the below amounts and in the Accounts specified in the General Services Fund No. 100/40, to the Street Services Fund No. 100/86, Account No. 3030 (Construction Expense) to be used for the purchase and installation of exercise equipment and safety rubberized flooring for the above project. General Services Fund No. 100/40 Account No. 001014 Salaries Construction $9,125 Account No. 001101 Hiring Hall Construction 24,750 Account No. 001121 Benefits Hiring Hall Construction 12,375 Account No. 003180 Construction Materials 123,750 Total:                                                  $170,000 AUTHORIZE the Bureau of Street Services and /or the General Services Department to make any corrections, clarifications or revisions to the above fund transfer instructions, including any new instructions, in order to effectuate the intent of this Motion, and including any corrections and changes to fund or account numbers; said corrections / clarifications / changes may be made orally, electronically or by any other means. Motion (Krekorian - Lee) dated 3-08-23 Mayor ConcurrenceCouncil Action 09_09_2019 Speaker Card(s) 08_30_2019 Report from Economic Development Committee 08_16_2019 Report from Community Redevelopment Agency of Los Angeles (CRALA) Bond Oversight Mayor ConcurrenceCouncil Action 11_28_2018 Speaker Card(s) 11_27_2018 Motion 11_20_2018