City Council

(13) 22-1485 GOVERNMENT OPERATIONS and BUDGET, FINANCE AND INNOVATION COMMITTEES’ REPORT relative to waiving rent payments of Department of General Services (GSD) administered lease contracts due by for-profit, small business commercial tenants leasing property owned by the City of Los Angeles, and related matters. Recommendations for Council action, pursuant to Motion (Price - Krekorian): DIRECT the GSD to: Waive rent payments of GSD administered lease contracts due by for-profit, small business commercial tenants leasing property owned by the City of Los Angeles for properties leased between April 1, 2020 and June 30, 2021. Reduce eligible rent payments by 40 percent for aforementioned properties leased between July 1, 2021 and December 31, 2021. Credit any rent paid prior to the effective date of this Motion for the covered periods towards future rent or overdue payments from before or after the covered period. Report to the Council with recommendations for further activating the Los Angeles Mall and supporting its small businesses, including short-term solutions for making the Los Angeles Mall a more inviting location for events and the public.