City Council

(31) 24­0938 COMMUNICATION FROM THE BOARD OF WATER AND POWER COMMISSIONERS relative to approving a lease for a Los Angeles Department of Water and Power (LADWP) Customer Service Center located at 1931 North Gaffey Street, Units F and G, San Pedro, California 90731, and related matters. Recommendation for Council action: APPROVE Board Resolution No. 025­014, attached to the Council file, which approves a lease for a LADWP Customer Service Center located at 1931 North Gaffey Street, Units F and G, San Pedro, California 90731, LADWP File No. J­102071. Fiscal Impact Statement: The City Administrative Officer (CAO) reports - September proposed 2024 - commercial lease agreement LADWP’s anticipated new Customer Service Center to be located at Recommendation for Council action: APPROVE Board Resolution No. 025­014, attached to the Council file, which approves a lease for a LADWP Customer Service Center located at 1931 North Gaffey Street, Units F and G, San Pedro, California 90731, LADWP File No. J­102071. Fiscal Impact Statement: The City Administrative Officer (CAO) reports that the approval of the proposed commercial lease agreement for the LADWP’s anticipated new Customer Service Center to be located at 1931 North Gaffey Street, Units F and G, San Pedro, California 90731, will not have an impact on the General Fund. The total estimated cost is $3,228,777.78 over the term of the lease agreement and will be funded from LADWP’s Water Revenue Fund and/or Power Revenue Fund. The recommendations in the CAO report comply with LADWP’s adopted Financial Policies.