Port of LA

2. RESOLUTION NO. ____________ - ORDER RESETTING COMPENSATION UNDER\nPERMIT NO. 896 WITH CRAFTED AT THE PORT OF LOS ANGELES\nSummary: Staff requests approval of an Order resetting compensation for Permit No. 896 (P896)\nwith Crafted at the Port of Los Angeles (Crafted), a visitor-serving arts and crafts public marketplace\nand tourist attraction. P896 has a 25-year term that commenced December 16, 2011, with two five-\nyear options to extend. The proposed Order recommends compensation be reset for Period 2 of\nthe bifurcated Fourth Compensation Period, effective September 1, 2020, through August 31, 2028.\nIf approved, Period 2 compensation covering the five-year period of September 1, 2023, through\nAugust 31, 2028, will be increased on a tiered-basis.\nRecommendation: Board resolve to (1) find that the Director of Environmental Management has\ndetermined that the proposed action 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 Order resetting compensation for the five-year period of\nSeptember 1, 2023, through August 31, 2028, under Permit No. 896; (3) authorize the Executive\nDirector to execute and the Board Secretary to attest to the Order resetting Permit No. 896; and (4)\nadopt Resolution No.___________ and Order No.___________.\nEnvironmental Management