City Council

(14) 22-1274 CD 12 PLANNING AND LAND USE MANAGEMENT and BUDGET, FINANCE AND INNOVATION COMMITTEES’ REPORT relative to the feasibility of creating an overlay zone and/or the use of other land use tools that would streamline the entitlement and permitting processes for bioscience-related uses within the Chatsworth-Northridge Industrial Core, Innov818 zone. Recommendations for Council action, pursuant to Motion (Lee – Blumenfield): INSTRUCT the Department of City Planning and the Los Angeles Department of Building and Safety, to report on the feasibility of creating an overlay zone and/or the use of other land use tools that would streamline the entitlement and permitting processes for bioscience-related uses within the Chatsworth-Northridge Industrial Core, Innov818 zone. INSTRUCT the City Administrative Officer (CAO) and the Office of Finance, in consultation with the Chief Legislative Analyst (CLA), to provide a comprehensive report to include: ​​​​​ The feasibility of temporarily increasing the gross receipts tax exemption threshold along with an economic and financial analysis of increasing the threshold. Recommendations on implementing the higher exemption threshold, including cap amounts along with other incentives and/or tax exemptions that could be implemented to assist growth of the bioscience industry in the City of Los Angeles.