City Council

(14) 16-0073-S1 CD 14 ECONOMIC AND COMMUNITY DEVELOPMENT COMMITTEE REPORT and ORDINANCE FIRST CONSIDERATION relative to amending the Los Angeles Administrative Code (LAAC) to create the Fig+Pico Conference Center Hotels Trust Fund. Recommendation for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: PRESENT and ADOPT the accompanying ORDINANCE, dated August 23, 2022, adding Chapter 179 to Division 5 of the LAAC to create the Fig+Pico Conference Center Hotels Trust Fund for the receipt and disbursement of appropriations to fund hotel development incentive payments to be made by the City in relation to the Fig+Pico Conference Center Hotels Project.