City Council

(17) 25-0006-S38 CD 11 AD HOC COMMITTEE FOR LA RECOVERY and BUDGET AND FINANCE COMMITTEES’ REPORTS relative to the feasibility of creating a Climate Resilience District to the directly impacted and adjacent areas of the Palisades Fire to facilitate recovery. A. AD HOC COMMITTEE FOR LA RECOVERY REPORT Recommendation for Council action, pursuant to Motion (Park – Nazarian, Price): DIRECT the Economic and Workforce Development Department, in coordination with the Chief Legislative Analyst (CLA), to report to Council in 60 days on the feasibility of creating a Climate Resilience District to the directly impacted and adjacent areas of the Pacific Palisades Fire to facilitate the expeditious recovery. The report should address: a. The feasibility and time needed to create a Climate Resilience District. b. How a Climate Resilience District would stimulate private and public sector investment. c. What local and regional infrastructure improvements could be funded by a Climate Resilience District. d. What private development improvements, if any, could be funded by a Climate Resilience District. e. The feasibility of partnering with the County of Los Angeles in the creation of a Climate Resilience District. B. BUDGET AND FINANCE COMMITTEE REPORT Recommendation for Council action, as initiated by Motion (Park – Nazarian, Price): DIRECT the Economic and Workforce Development Department, in coordination with the CLA, to report to Council in 60 days on the feasibility of creating a Climate Resilience District to the directly impacted and adjacent areas of the Pacific Palisades Fire to facilitate the expeditious recovery. The report should address: a. The feasibility and time needed to create a Climate Resilience District. b. How a Climate Resilience District would stimulate private and public sector investment. c. What local and regional infrastructure improvements could be funded by a Climate Resilience District. d. What private development improvements, if any, could be funded by a Climate Resilience District. e. The feasibility of partnering with the County of Los Angeles in the creation of a Climate Resilience District. f. What financing mechanisms could be used for this type of district, and what would the financial impact be to the city's bottom line for each. Fiscal Impact Statement: Neither the City Administrative Officer nor the CLA has completed a financial analysis of this report.