City Council

(25) 12­0743 CD 15 CATEGORICAL EXEMPTION and COMMUNICATION FROM THE BOARD OF HARBOR COMMISSIONERS (BOARD) relative to a proposed Fourth Amendment to Permit No. 899 between the Port of Los Angeles (POLA) and Pacific Battleship Center, for the continued use of the USS Iowa as a museum and educational facility. Recommendations for Council action: 1. ADOPT the determination by the Board that the action is categorically exempt from the requirements of the California Environmental Quality Act (CEQA) pursuant to Article IlI, Class 1(14) of the Los Angeles City CEQA Guidelines. 2. APPROVE Board Resolution No. 24­10325 authorizing proposed approval of the Fourth Amendment to Permit No. 899 with Pacific Battleship Center, to extend the term by 30 years from May 25, 2027 through May 24, 2057, for a total term of 45 years, for the acceptance of a grant from the State of California and continued operation of the USS Iowa as a museum and educational facility.. Fiscal Impact Statement: The City Administrative Officer reports that approval of the proposed Fourth Amendment to Permit No. 899 between the POLA and Pacific Battleship Center for operation of the USS Iowa will extend the term by 30 years, from May 25, 2027 to May 24, 2057, for a total term of 45 years. Compensation under provisions of the permit remain unchanged at the greater of four percent of gross receipts or rent of $9,815 per month, totaling $3,533,400 in potential rent revenue over 30 years, not including annual increases based on the Consumer Price Index. Additionally, Pacific Battleship Center will provide $917,000 in in­kind technical, administrative and construction services along with the $6.7 million grant funds for the estimated $7.4 million Freedom of the Seas Park and Pavilion, a veterans­oriented park and community space on the Tuesday - May 28, San Pedro Waterfront 2024 -to the USS Iowa. The recommendations adjacent PAGE 25 in the report and proposed actions comply with the POLA’s Financial the POLA and Pacific Battleship Center for operation of the USS Iowa will extend the term by 30 years, from May 25, 2027 to May 24, 2057, for a total term of 45 years. Compensation under provisions of the permit remain unchanged at the greater of four percent of gross receipts or rent of $9,815 per month, totaling $3,533,400 in potential rent revenue over 30 years, not including annual increases based on the Consumer Price Index. Additionally, Pacific Battleship Center will provide $917,000 in in­kind technical, administrative and construction services along with the $6.7 million grant funds for the estimated $7.4 million Freedom of the Seas Park and Pavilion, a veterans­oriented park and community space on the San Pedro Waterfront adjacent to the USS Iowa. The recommendations in the report and proposed actions comply with the POLA’s Financial Policies. There is no impact on the City's General Fund.