City Council

(34) 17-0409-S1 CD 15 GOVERNMENT OPERATIONS COMMITTEE REPORT and ORDINANCE FIRST CONSIDERATION relative to the sale of City- owned property at 438 North Mesa Street in Council District 15 (CD15). Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: 1. DETERMINE that the sale of City-owned property at 438 North Mesa Street, in CD15, is in the public interest; in accordance with Los Angeles Administrative Code (LAAC) Division 7, Chapter 1, Article 4 Section 7.27. 2. PRESENT and ADOPT the accompanying ORDINANCE dated September 24, 2025, authorizing the sale of a certain City- owned real property that is no longer required for use by the City, and the public interest or necessity requires the sale thereof without calling for bids, to the Housing Authority of the City of Los Angeles (HACLA) for the sum of $580,000. 3. AUTHORIZE the Department of General Services (GSD), with the assistance of the City Attorney, to execute a purchase and sale agreement and all documents necessary to effectuate the sale of the Property to HACLA, based on the terms specified in the Findings Section of the February 3, 2026 Municipal Facilities Committee (MFC) report, attached to the Council FIle, for the sale of the property; and, INSTRUCT the GSD to complete the transactions outlined in the Ordinance, process the necessary documentation to execute the sale, and deposit the proceeds into the appropriate accounts, as directed by the LAAC and as approved to form and legality by the City Attorney. Fiscal Impact Statement: The CAO reports that the sale of City-owned property located at 438 North Mesa Street, in CD15, to HACLA for a total purchase price of $580,000 will have a positive impact on the CD15 Real Property Trust Fund 697/14/5141 and the General Fund 100/40/5141, with 50 percent of the sale proceeds less closing costs and administrative fees deposited into each fund. Financial Policies Statement: The CAO reports that the recommendations stated in the February 3, 2026 MFC report, attached to the Council File, comply with the City’s Financial Policies in that a real property is to be disposed of at fair market value.