City Council

5. RESOLUTION 23-71 APPROVING FIDUCIARY SERVICES AGREEMENT WITH THE LOS\nANGELES HIGH INTENSITY DRUG TRAFFICKING AREAS PROGRAM (LA HIDTA) - In\nMay 2022, the City Council approved the existing Fiduciary Services agreement with the Los\nAngeles High Intensity Drug Trafficking Areas (LA HIDTA) Program. This revised agreement\nincreases the fee payable to the City by $15,000, for a total amount of $165,000 annually.\nThis increase is to cover the heightened grant activity and the opportunity losses related to\ninvestment earnings.\nRECOMMENDATION: That the City Council adopt the Resolution No. 23-71 titled, “A\nRESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA VERNE, COUNTY OF LOS\nANGELES, STATE OF CALIFORNIA, AUTHORIZING A FIDUCIARY SERVICES\nAGREEMENT WITH THE LOS ANGELES HIGH INTENSITY DRUG TRAFFICKING AREAS\n(LA HIDTA) PROGRAM”, authorizing the City Manager to execute grants secured for LA\nHIDTA operations to be awarded in the name of the City of La Verne and appropriate\n$260,000 of expenses to the Fiscal Year 2023-24 Budget within the LA HIDTA fund for the\nremainder of the fiscal year and $15,000 of revenue within the General Fund.