City Council

(53) 20-0407-S1 EXEMPTION, COMMUNICATION FROM THE CITY ATTORNEY and ORDINANCE FIRST CONSIDERATION relative to amending Section 151.34 of Article 1 of Chapter XV of the Los Angeles Municipal Code (LAMC) to temporarily set automatic adjustments to the maximum adjusted rent of units subject to the Rent Stabilization Ordinance (RSO) at four percent; and adding a new Section 151.35 Severability Clause (formerly 151.34. Severability). Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: FIND that the adoption of the Ordinance is exempt from the California Environmental Quality Act (CEQA) pursuant to Section 15061(b)(3) of the State CEQA Guidelines and Article II, Section 1 of the City CEQA Guidelines. PRESENT and ADOPT the accompanying ORDINANCE, dated November 21, 2023, amending Section 151.34 of Article 1 of Chapter XV of the LAMC to temporarily set automatic adjustments to the maximum adjusted rent subject to the RSO at four percent; and adding a new Section 151.35 Severability Clause (formerly 151.34. Severability). Fiscal Impact Statement: None submitted by the City Attorney. Neither the City Administrative Officer nor the Chief Legislative Analyst has completed a financial analysis of this report.