City Council

(51) 23-1307 CD 14 COMMUNICATION FROM THE MUNICIPAL FACILITIES COMMITTEE (MFC) relative to license agreements with Industrious LA 444 South Flower Street, LLC and LAZ Parking Ltd, LLC, for temporary co-working office space and onsite staff parking for five City departments, for the property located at 444 South Flower Street in Council District 14. Recommendations for Council action: AUTHORIZE the Department of General Services (GSD) to negotiate and execute a license agreement between the City and Industrious LA 444 South Flower St., LLC for temporary co-working office space for five City departments to be located at 444 South Flower Street, under the terms and conditions substantially outlined in the MFC report dated November 20, 2023, attached to the Council file. AUTHORIZE the GSD to negotiate and execute a license agreement with LAZ Parking Ltd, LLC for onsite staff parking at 444 South Flower Street, under the terms and conditions substantially outlined in said MFC report. Fiscal Impact Statement: The MFC reports that there is no additional General Fund impact beyond monies authorized for this purpose as part of current year Citywide Leasing Account. Future year leasing costs will be addressed through the Citywide Leasing Account during the upcoming City Budget process.