City Council

(9) 25-0006-S22 AD HOC COMMITTEE FOR LA RECOVERY REPORT and ORDINANCE FIRST CONSIDERATION relative to amending Section 47.12 of Article 7, Chapter IV of the Los Angeles Municipal Code (LAMC) to prohibit excessive price increases and excessive accumulation of supplies and services for resale at inflated prices during a declared emergency to add protection for housing and lodging. Recommendation for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: PRESENT and ADOPT the accompanying ORDINANCE, dated January 28, 2025, relative to amending Section 47.12 of Article 7, Chapter IV of the LAMC to prohibit excessive price increases and excessive accumulation of supplies and services for resale at inflated prices during a declared emergency to add protection for housing and lodging. Fiscal Impact Statement: None submitted by the City Attorney. Neither the City Administrative Officer nor the Chief Legislative Analyst has completed a financial analysis of this report.