City Council

(11)\n14-1174-S97\nCD 7\nGOVERNMENT OPERATIONS COMMITTEE REPORT relative to\nproposed Assignment and Assumption Agreement for City-owned\ncommercial leases at 10801/10823 San Fernando Road and\n13273/13277 Van Nuys Boulevard for the potential Pacoima Lifestyle\nCenter project.\nRecommendations for Council action:\n1. DETERMINE that the City should assume the 11 active leases\nat the City-Owned property located at located at 10801 and\n10823 San Fernando Road, and 13273 and13277 Van Nuys\nBoulevard, Los Angeles, CA 91331, Assessor's Parcel\nNumbers: 2619-017-001, 2619-017-002, 2619-017-004, 2619-\n017-024, 2619-017- 026, and 2619-017-030, as listed in Exhibit\nB in the December 18, 2025 Municipal Facilities Committee\n(MFC) report, attached to the Council File.\n2. FIND that, pursuant to Charter Section 371(e)(10) and Los\nAngeles Administrative Code Section 10.15(a)(10) that the use\nof competitive bidding for these leases would be impractical and\nundesirable in that it would result in the existing tenants being\nevicted from the property.\n3. APPROVE and AUTHORIZE the execution of the Assignment\nand Assumption Agreement, prepared by the City Attorney, as\ndetailed in Exhibit B in the December 18, 2025 MFC report,\nattached to the Council File.\n4. AUTHORIZE the Acting General Manager, Economic and\nWorkforce Development Department, or designee, to make\ntechnical corrections or adjustments that may be required and\nare consistent with these City Council and Mayoral actions.\nFiscal Impact Statement:\nThe MFC reports that there is no impact to the General Fund as a\nresult of the recommendations contained in the December 18, 2025\nMFC report, attached to the Council File. The EWDD will fund\nrepairs, Americans with Disabilities Act compliance, and future tenant\nrelocation benefits through the lease revenue.