City Council

(3) 11­1813­S11 CD 15 ENERGY AND ENVIRONMENT COMMITTEE REPORT relative to the cost and timeline associated to conduct an amortization study related to termination of the Rancho LPG Facility use, and related matters. Recommendation for Council action, pursuant to Motion (McOsker ­ Hutt): DIRECT the Office of Petroleum and Natural Gas Administration and Safety, a bureau of the Board of Public Works, in coordination with the Department of City Planning, Los Angeles Fire Department, and the City Administrative Officer (CAO), to expeditiously report to Council on the cost and timeline associated to conduct an amortization study related to the termination of the Rancho LPG Facility use. The results of the study should be used to inform policy and decisions related to the future of the site and its land use. Wednesday - May 8, 2024 - PAGE 6 Recommendation for Council action, pursuant to Motion (McOsker ­ Hutt): DIRECT the Office of Petroleum and Natural Gas Administration and Safety, a bureau of the Board of Public Works, in coordination with the Department of City Planning, Los Angeles Fire Department, and the City Administrative Officer (CAO), to expeditiously report to Council on the cost and timeline associated to conduct an amortization study related to the termination of the Rancho LPG Facility use. The results of the study should be used to inform policy and decisions related to the future of the site and its land use. Fiscal Impact Statement: Neither the CAO nor the Chief Legislative Analyst has completed a financial analysis of this report.