City Council

(25) 24­0803 CD 4 TRADE, TRAVEL AND TOURISM COMMITTEE REPORT relative to an evaluation of the proposed Hilton Universal City Hotel Expansion Project. Recommendations for Council action, pursuant to Motion (Raman – Soto­ Martinez), SUBJECT TO THE APPROVAL OF THE MAYOR: 1. AUTHORIZE and INSTRUCT the Chief Legislative Analyst (CLA) to hire consultants necessary to evaluate the proposed Hilton Universal City Hotel Expansion Project and make recommendations on Wednesday economic- August 28, 2024 development - incentives that could helpPAGE 25 move the project forward, including, but not limited to, a potential site specific revenue (25) 24­0803 CD 4 TRADE, TRAVEL AND TOURISM COMMITTEE REPORT relative to an evaluation of the proposed Hilton Universal City Hotel Expansion Project. Recommendations for Council action, pursuant to Motion (Raman – Soto­ Martinez), SUBJECT TO THE APPROVAL OF THE MAYOR: 1. AUTHORIZE and INSTRUCT the Chief Legislative Analyst (CLA) to hire consultants necessary to evaluate the proposed Hilton Universal City Hotel Expansion Project and make recommendations on economic development incentives that could help the project move forward, including, but not limited to, a potential site specific revenue agreement consistent with City policies; accept $150,000 for consultant services from the Developer to analyze the economics and financing associated with this instruction. 2. REQUEST, AUTHORIZE, and INSTRUCT the Controller to deposit, appropriate, and expend all funds received as a result of this action in Fund No. 100/28, Contractual Services Account No. 3040. 3. AUTHORIZE the CLA to make any technical corrections, revisions, or clarifications to the above instructions in order to effectuate the intent of this action. 4. REQUEST the Developer to pay the full cost for any financial and economic analysis, consultants and any other reviews associated with the economic evaluation of this project. Fiscal Impact Statement: Neither the City Administrative Officer nor the CLA has completed a financial analysis of this report.