Los Angeles

City Council

August 13, 2024 Item #23

Agenda Item 23

(23) 14­0425­S9 CD 8 COMMUNICATION FROM THE ECONOMIC AND WORKFORCE DEVELOPMENT DEPARTMENT (EWDD) relative to an extension of the Option Agreement between the City and the CRA/LA to acquire the Bethune Library site at 3685 South Vermont Avenue for an additional 36 months. Recommendation for Council action: REQUEST the Mayor, or designee, to request a term extension of the City ­ CRA/LA Option Agreement Contract No. C­125175 for the Bethune Library site at 3685 South Vermont Avenue, for an additional 36 months, until September 30, 2027. Fiscal Impact Statement: The EWDD reports that there is no impact to the General Fund from the above recommendation.