Los Angeles

City Council

July 30, 2024 Item #1

Agenda Item 1

(1) Tuesday 18­0525­S1 - July 30, 2024 - PAGE 4 motion to send an item "forthwith" if adopted by ten (10) votes, suspends these rules and requires the City Clerk to forward the matter to the Mayor, or other officer, without delay. RULE 16 MOTIONS ­ Council Rule No. 16, in part, allows a member to send an item directly to the Council without it having to go to a Council Committee first, by giving the City Clerk a motion (seconded by an additional member) during a Council session to be placed on the next regular available Council agenda. Los Angeles City Council Agenda Tuesday, July 30, 2024 JOHN FERRARO COUNCIL CHAMBER ROOM 340, CITY HALL 200 NORTH SPRING STREET, LOS ANGELES, CA 90012 ­ 10:00 AM Roll Call Approval of the Minutes Commendatory Resolutions, Introductions and Presentations Multiple Agenda Item Comment Public Testimony of Non­agenda Items Within Jurisdiction of Council Items Noticed for Public Hearing (1) 18­0525­S1 CD 1 MOTION (HERNANDEZ ­ PADILLA) and RESOLUTION relative to issuing Multifamily Housing Revenue Bonds, in an amount not to exceed $25,730,000, to finance the new construction of the 137­unit multifamily housing development known as West Third Apartments project located at 1900­1906 West 3rd Street in Council District 1. Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: 1. CONSIDER the results of the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) public hearing held on June 7, 2024 for West Third Apartments. 2. ADOPT the accompanying TEFRA RESOLUTION, attached to the Motion, approving the issuance of bonds in an amount not to exceed $25,730,000 for the construction of a 137­unit multifamily housing development located at 1900­1906 West 3rd Street in Council District 1.