City Council

(24) 14-1174-S12 CD 7 MOTION (PARK for RODRIGUEZ - PADILLA) relative to rescinding the Council action of June 21, 2017, Council file No. (CF) 14-1174-S12, for the reversion of $1,299,031 in CRA/LA Non-Housing Excess Bond Proceeds (EBP) available to Council District Seven (CD 7), from the Bradley Green Alley Project to the original source, the Pacoima/Panorama City Redevelopment Project Area. Recommendation for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: RESCIND the Council action of June 21, 2017, relative to approving the use of $1,299,031 in CRA/LA Non-Housing EBP available to CD 7 from the Pacoima/Panorama City Redevelopment Project Area for the Bradley Green Alley Project (CF 14-1174-S12), and REVERT the $1,229,031 in EBP funds to its original source by authorizing the Economic and Workforce Development Department to transfer the appropriation as follows: From: Fund No. 57D/22; Account No. 22N511, STORMWATER POLLUTION ABATE FUND; Amount: $1,229,031.00 To: Fund No. 57D/22; Account No. 22L9MN, PACOIMA/PANORAMA CITY TAX EXEMPT; Amount: $1,229,031.00 Post