City Council

(7) 23-1018 CD 11 TRANSPORTATION COMMITTEE REPORT relative to a proposed public parking facility to be located at 200 North Venice Boulevard in Council District 11. Recommendations for Council action, pursuant to Motion (Park – Krekorian): DIRECT the Los Angeles Department of Transportation (LADOT) and the City Administrative Officer (CAO), with the assistance of the City Attorney as needed, to provide a breakdown of the construction and operational costs for the proposed public parking facility in 30 days, with said report should also include a comparison of the projected annual operational costs in respect to other city operated lots in the LADOT's portfolio; scope and design of the structure; and efficiency of mechanical lift parking. DIRECT the CAO to report to the Council in 30 days on funding sources that the City is utilizing to replace the existing parking, funding timelines, debt exposure, and liability. Fiscal Impact Statement: Neither the CAO nor the Chief Legislative Analyst has completed a financial analysis of this report.