City Council

(6) 24­0600­S12 CONTINUED CONSIDERATION OF BUDGET, FINANCE AND INNOVATION COMMITTEE REPORT and AMENDING MOTION 44A (HUTT – McOSKER) relative to funding for the Los Angeles Neighborhood Initiative (LANI). A. BUDGET, FINANCE AND INNOVATION (BFI) COMMITTEE REPORT Recommendation for Council action, as initiated by Motion (Hutt – McOsker ­ et al.): INSTRUCT the City Administrative Officer (CAO) to find the funding needed for the LANI. B. AMENDING MOTION 44A (HUTT­McOSKER) Recommendation for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: AMEND the BFI Committee Report to adopt the following recommendation: Authorize the Controller to transfer and appropriate $550,000 within the Measure M Local Return Fund No. 59C/94, Cash Balance to a new Account within the same fund entitled "Los Angeles Neighborhood Initiative" for a potential contract with the LANI to provide project management, including community outreach, and construction costs of the improvements in designated transit­ oriented neighborhoods. Fiscal Impact Statement: Neither the CAO nor the Chief Legislative Analyst has completed a financial analysis of this report.