Port of LA

2. RESOLUTION NO. ____________ - APPROVAL OF AMENDED PUBLIC ACCESS\nINVESTMENT PLAN\nSummary: Staff requests approval of the Amended Public Access Investment Plan (Amended\nPlan), which updates the 2015 Board of Harbor Commissioners (Board) approved Public Access\nInvestment Plan (Plan or PAIP), which are ten-year budgetary guidelines for continued\ndevelopment and operations of the LA Waterfront at the Port of Los Angeles (Port) and Port-\nrelated public benefit programs. The Amended Plan updates the original Plan, which is set to\nexpire at the end of Fiscal Year 2024/2025. The Amended Plan continues the budgetary\nguideline to allocate a minimum of ten percent (10%) of the City of Los Angeles Harbor\nDepartment’s (Harbor Department) annual Operating Income to build LA Waterfront public\naccess projects, with the added clarification that purpose-directed funds collected from third\nparties are excluded from Operating Revenue. Additionally, the Amended Plan aligns the public\naccess project reporting and selection process with the Harbor Department’s five-year Capital\nImprovement Program and annual budget process to continue the Harbor Department’s\ncommitment to investing in the LA Waterfront in a transparent, sustainable and predictable\nmanner. Further, Los Angeles City Council District 15 will engage in a public process on future\nproject selection and will work with the Harbor Department to implement a multi-year project and\nexpenditure plan. The Amended Plan was developed in coordination with Los Angeles City\nCouncil District 15. Consistent with the Los Angeles City Charter, the Amended Plan will not limit\nfuture Board discretion or authority to revise the Amended Plan or budget allocations for public\naccess projects and annual spending, which remain subject to Board approval through the\nannual budget process.\nRecommendation: Board resolve to (1) find that the Director of Environmental Management has\ndetermined that the proposed project is administratively exempt from the requirements of the\nCalifornia Environmental Quality Act (CEQA) under Article II Section 2(f) of the Los Angeles City\nCEQA Guidelines; (2) approve the Amended Public Access Investment Plan; and (3) adopt\nResolution No.____________.\nEnvironmental Management