City Council

(19) 14-1174-S101 CD 3 MOTION (BLUMENFIELD - HERNANDEZ) relative to amending the Council action of March 26, 2019 regarding funding for the Reseda River Loop Greenway Project and amending the Council action of February 9, 2022 regarding funding for the Canoga Park Arts Lab Project in Council District (CD) 3. Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: AMEND the Council action of March 26, 2019, relative to approving the use of $4,650,000 in taxable and tax-exempt CRA/LA Excess Non-Housing Bond Proceeds (EBP) available to CD 3 from the Reseda/Canoga Park Redevelopment Project (Project Area) toward the Reseda River Loop Greenway Project (Reseda River Loop Project) (Council file No. 14-1174-S48), to reduce the approved budget to $4,066,594 and revert $533,406 to its original source. AMEND the Council action of February 9, 2022, relative to approving the use of $526,519.59 in taxable and tax-exempt EBP available to CD 3 from the Project Area toward the Canoga Park Arts Lab Project (Council file No. 14-1174-S22), to increase its approved amount by $533,406 for a new approved amount of $1,059,925.19. AUTHORIZE the Economic and Workforce Development Department, as the administrator of the CRA/LA EBP Program, to take all actions necessary to document and effectuate the changes in the budgets noted above, and to prepare Controller instructions to transfer funds related to this matter, make any technical corrections necessary consistent with Council action; and, AUTHORIZE the Controller to implement these instructions. Motion (Blumenfield - Hernandez) dated 1-30-24