City Council

(6) 24­0248 EXEMPTION, ENERGY AND ENVIRONMENT COMMITTEE REPORT and ORDINANCE FIRST CONSIDERATION relative to authorizing the Los Angeles Department of Water and Power (LADWP) to grant a Building Encroachment Easement Deed and Underground Storm Drain Easement Deed to Studio Lending Group, LLC for an underground storm drain on a portion of LADWP Receiving Station H. Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: 1. DETERMINE that the matter is exempt from the California Environmental Quality Act (CEQA) pursuant to Section 15060(c)(2) that states an organizational or administrative activity is not subject to CEQA if it will not result in a direct or reasonably foreseeable indirect physical change in the environment. 2. CONCUR with the Board of Water and Power Commissioners (Board) action on February 27, 2024, approving Board Resolution No. 024 128, which authorizes the LADWP to grant a Building Encroachment Easement Deed and Underground Storm Drain Easement Deed to Studio Lending Group, LLC for an underground storm drain on a portion of LADWP Receiving Station H. 3. PRESENT and ADOPT the accompanying ORDINANCE, dated March 22, 2024, approving Board Resolution 024 128 authorizing the grant of two easements to Studio Lending Group, LLC. Fiscal Impact Statement: The City Administrative Officer reports that there is no impact on the City General Fund. The grant of the proposed building and storm drain easement deeds at the LADWP Receiving Station H will result in the receipt by the LADWP of $15,165 for the building encroachment easement and $123,600 for the storm drain easement. The revenue from the grant of the deeds will accrue to the Power Revenue Fund. The proposed deeds comply with the LADWP Financial Policies.