City Council

(13) 13-0275-S4 CD 14 TRADE, TRAVEL AND TOURISM COMMITTEE REPORT relative to a Request for Proposals (RFP) on the Mangrove Property located in the Civic Center area for a future mixed use development project. Recommendations for Council action, pursuant to Motion (De Leon – Lee), SUBJECT TO THE APPROVAL OF THE MAYOR: INSTRUCT Economic Workforce and Development Department (EWDD) to issue an RFP on the Mangrove Property with the intent to contract with a consultant to develop a scope of work for a future mixed use development project. The contract for Phase I of the project will cost approximately $300,000 and will run no longer than 12 months in duration. AUTHORIZE the Controller to: Accept funds received from the Los Angeles County Metropolitan Transportation Authority and deposit into the Economic Development Trust Fund No. 62L. Establish new account 22Y5AN, titled "Mangrove Project - LACMTA," and appropriate up to $300,000 within the Economic Development Trust Fund No. 62L, upon presentation of documentation by EWDD. AUTHORIZE the General Manager, EWDD or designee, to prepare additional Controller instructions and any necessary technical adjustments that are consistent with Mayor and Council action to carry out the intent of this motion, subject to the approval of the CAO. Fiscal Impact Statement: Neither the CAO nor the Chief Legislative Analyst has completed a financial analysis of this report.