City Council

(6) 23-0202 BUDGET, FINANCE AND INNOVATION COMMITTEE REPORT relative to a Supplemental City Services Agreement with The Los Angeles Rams LLC, for the Super Bowl LVI events. Recommendation for Council action: AUTHORIZE the City Administrative Officer (CAO) to execute a proposed Supplemental City Services Agreement between the City and The Los Angeles Rams LLC, relating to the post-Super Bowl LVI Celebration Parade and Hollywood Sign activities with estimated compensation of $1,477,543, subject to the submission of applicable insurance documents to the Office of the City Administrative Officer’s Risk Management Division, and subject to approval as to form by the City Attorney. Fiscal Impact Statement: The CAO reports that the proposed Agreement provides reimbursement of actual costs for supplemental City services provided by the City in support of post-Super Bowl LVI events. The total General Fund revenue is anticipated to be $1,477,543. Financial Policies Statement: The CAO reports that as compensation is provided to support the actual expenditures for departments under the Agreement in the current year, the recommendation of this report complies with the City’s Financial Policies.