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Lease

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20250429 LA County Los Angeles City Council Item (9) 25-0326 BUDGET AND FINANCE COMMITTEE REPORT and RESOLUTIONS relative to the extension of expiration dates for the existing Letter of Credit (LOC) facilities supporting the payment of Commercial Paper (CP) notes under the Municipal Improvement Corporation of Los Angeles (MICLA) lease revenue CP note program, and related matters. Recommendations for Council action: 1. ADOPT the Authorizing RESOLUTION, Attachment A of the City Administrative Officer (CAO) report dated March 24, 2025, attached to the Council file, which authorizes and approves the negotiation and execution of certain agreements and amendments in connection with the extension of the expiration dates of the existing LOC facilities supporting the payment of commercial paper notes in the aggregate principal amount of $425 million under the MICLA Lease Revenue CP Note Program, and other documents and actions in connection with such extensions and such CP Note Program. 2. ADOPT the Authorizing RESOLUTION, Attachment B of said CAO report, which authorizes and approves the negotiation and execution of certain agreements and amendments in connection with the extension of the expiration date of the existing LOC facility supporting the payment of commercial paper notes in the aggregate principal amount of $100 million under the MICLA Lease Revenue CP Note Program (Los Angeles Convention Center), and other documents and actions in connection with such extension and such CP Note Program. 3. AUTHORIZE the CAO to make technical corrections and adjustments as necessary to those transactions included in said CAO report to implement the City Council and Mayor intentions. Fiscal Impact Statement: The CAO reports that there is no additional impact to the General Fund from the approval of the proposed recommendations as the 2024-25 Adopted Budget includes sufficient appropriations within the Capital Finance Administration Fund for costs associated with supporting the CP Programs, including, but not limited to, LOC fees, interest costs, CP dealer fees, and rating agency fees. Annual budget appropriations for the CP Programs will continue to be subject to City Council and Mayor approval. Financial Policies Statement: The CAO reports that the recommendations in the report comply with the City’s Financial Policies in that all ongoing fees related to the CP Programs are paid with ongoing revenues. Debt Impact Statement: The CAO reports that, in accordance with the City’s Financial Policies, Debt Management Section, the maximum debt service payable in any given year may not exceed six percent of General Fund Revenues for non-voter approved debt. The proposed CP Programs will not cause debt service to exceed this limit as commercial paper is short-term debt and interest costs and LOC costs associated with supporting the CP Programs are included in the 2024-25 Adopted Budget, Capital Finance Administration Fund. Sufficient appropriations within the Capital Finance Administration Fund for costs associated with supporting the CP Programs over the term of the LOC facilities will be requested to be budgeted as part of the annual budget adoption process. April 29, 2025 LA County Los Angeles City Council Item #9
20250429 LA County Los Angeles City Council Item (28) 25-0379 GOVERNMENT OPERATIONS COMMITTEE REPORT relative to a proposed non-profit lease with the Los Angeles Philharmonic (LA Phil) for use of the City- owned parking lot located at the Sylmar/San Fernando Metrolink Station. Recommendations for Council action, as initiated by Motion (Rodriguez – Padilla): 1. DIRECT the Department of General Services to issue a revocable permit to the LA Phil for the use of the City-owned parking lot located at the Sylmar/ San Fernando Metrolink station as part of LA Phil’s shuttle service during the 2025 Hollywood Bowl Season. 2. FIND, pursuant to Charter Section 371(e)(10) and Los Angeles Administrative Code Section 10.15(a)(10), that the use of competitive bidding would be undesirable and impractical for this contract, inasmuch as the LA Phil and its free shuttle service are unique and competitive bidding for this lease would be impractical. Fiscal Impact Statement: Neither the CAO nor the Chief Legislative Analyst has completed an analysis of this report. April 29, 2025 LA County Los Angeles City Council Item #28
20250429 LA County Los Angeles City Council Item (26) 25-0359 CD 11 GOVERNMENT OPERATIONS COMMITTEE REPORT relative to a proposed lease agreement with the Los Angeles Police Federal Credit Union (LAPFCU) to provide banking services at the Los Angeles Police Department (LAPD) Ahmanson Recruit Training Center located at 5651 West Manchester Avenue. Recommendations for Council action: 1. FIND, pursuant to Los Angeles City Charter Section 371(e)(10) and Los Angeles Administrative Code Section 10.15(a)(10), that the use of competitive bidding would be undesirable and impractical for this contract: a. The LAPFCU has a long-standing history of providing comprehensive financial banking services exclusively for LAPD employees, ensuring secure, accessible, and specialized financial support tailored to their unique needs. b. Given its strategic location within the LAPD Ahmanson Recruit Training Center, LAPFCU offers unparalleled convenience, familiarity, and trust, making it the most suitable provider for these essential services without disruption or inefficiency. 2. AUTHORIZE the Department of General Services (GSD) to negotiate and execute a new lease with the LAPFCU located at 5651 West Manchester Ave, Los Angeles, California 90045, under the terms and conditions substantially outlined in the April 4, 2025 Municipal Facilities Committee (MFC) report, attached to the Council file. Fiscal Impact Statement: The MFC reports that the rent receivables in the amount of $42,209 will be deposited into GSD’s Revenue Source Code 4931, Lease and Rental of City Properties in Fiscal Year 2025-26, which includes two months of rent abatement. Beginning in Fiscal Year 2026-27, annual rent of approximately $51,605 will be generated from this lease, subject to a three percent escalation. April 29, 2025 LA County Los Angeles City Council Item #26
20250429 LA County Los Angeles City Council Item (12) 24-1044 CD 14 CONTINUED CONSIDERATION OF GOVERNMENT OPERATIONS COMMITTEE REPORT relative to a proposed lease in connection with three remnant parcels under the Santa Fe Avenue Overpass [Assessor Parcel Numbers (APNs) 5168-012-900, 901 and 909]. Recommendations for Council action, pursuant to Motion (de León – Blumenfield): 1. DIRECT the Bureau of Engineering (BOE), with the assistance of the Department of General Services and City Attorney, to negotiate a lease agreement with the owner of the property located at 2426 Washington Boulevard for the City-owned remnant parcels under the Santa Fe Avenue Overpass, APNs 5168-012-900, 901, and 909; with said lease to include all or a portion of these remnant parcels as determined by the BOE, and should include the following: a. Any access to the site required by the City. b. A provision to capture back rent for the previous use of these properties by the adjacent property owner without an agreement. 2. AMEND, upon execution of the lease detailed above in Recommendation No. 1, that the Council action of February 22, 2022 relative to the vacation of the alley southerly of Washington Boulevard from the alley easterly of Santa Fe Avenue to its easterly terminus (Council file No. 21- 0345; VAC-E1401392), to delete Condition 6(b) of the October 22, 2021 BOE report, attached to the Council file. Fiscal Impact Statement: Neither the City Administrative Officer nor the Chief Legislative Analyst has completed a financial analysis of this report. April 29, 2025 LA County Los Angeles City Council Item #12
20250425 LA County Los Angeles City Council Item (16) 22-1545-S28 COMMUNICATION FROM THE CITY ADMINISTRATIVE OFFICER relative to the Homelessness Emergency Account – General City Purposes Fund 25th Status Report as of February 28, 2025, and funding recommendations. (Housing and Homelessness Committee report to be submitted in Council. If public hearing is not held in Committee, an opportunity for public comment will be provided.) (Please visit www.lacouncilfile.com for background documents.) (Budget and Finance Committee waived consideration of the above matter.) Items Called Special Motions for Posting and Referral April 25, 2025 LA County Los Angeles City Council Item #16
20250425 LA County Los Angeles City Council Item (15) 22-1545-S27 COMMUNICATION FROM THE CITY ADMINISTRATIVE OFFICER relative to the Homelessness Emergency Account – General City Purposes Fund 24th Status Report as of January 31, 2025, and funding recommendations. (Housing and Homelessness Committee report to be submitted in Council. If public hearing is not held in Committee, an opportunity for public comment will be provided.) (Please visit www.lacouncilfile.com for background documents.) (Budget and Finance Committee waived consideration of the above matter.) April 25, 2025 LA County Los Angeles City Council Item #15
20250425 LA County Los Angeles City Council Item (14) 20-1084-S4 CONSIDERATION OF MOTION (RAMAN - YAROSLAVSKY) relative to executing a new sole-source contract with the Legal Aid Foundation of Los Angeles and encumbering funds from the House LA Fund for continued eviction defense, homelessness prevention, and tenant outreach and education services. (Housing and Homelessness Committee report to be submitted in Council. If public hearing is not held in Committee, an opportunity for public comment will be provided.) (Please visit www.lacouncilfile.com for background documents.) April 25, 2025 LA County Los Angeles City Council Item #14
20250425 LA County Los Angeles City Council Item (13) 25-0347 CONSIDERATION OF MOTION (YAROSLAVSKY, RAMAN - MCOSKER) relative to a strategy identifying impacts on current Section 8 / Housing Choice Voucher holders who may be most at risk of homelessness in the event of significant funding shortages, potential rehousing options and expediting Requests for Tenancy Approvals. (Housing and Homelessness Committee report to be submitted in Council. If public hearing is not held in Committee, an opportunity for public comment will be provided.) (Please visit www.lacouncilfile.com for background documents.) April 25, 2025 LA County Los Angeles City Council Item #13
20250425 LA County Los Angeles City Council Item (12) 23-1348 COMMUNICATION FROM THE CITY ADMINISTRATIVE OFFICER relative to the interim housing bed rates adjustment for families. (Housing and Homelessness Committee report to be submitted in Council. If public hearing is not held in Committee, an opportunity for public comment will be provided.) (Please visit www.lacouncilfile.com for background documents.) April 25, 2025 LA County Los Angeles City Council Item #12
20250425 LA County Los Angeles City Council Item (10) 25-0310 CD 3 COMMUNICATION FROM THE LOS ANGELES CITY PLANNING COMMISSION (LACPC) and APPEAL filed by West Valley Alliance for Optimal Living (Representative: Jamie T. Hall, Esq., Channel Law Group, LLP) from the Advisory Agency's determination, dated December 20, 2024, in approving a Vesting Tentative Tract Map No. 83297 (map date-stamped June 7, 2024), for the merger and re-subdivision of four parcels into 23 ground lots for the construction of 21, two-story single-family residences, one caretaker's residence, 20 percent reduction in front yard and side yard setback requirements, and three model home lots; for the property located at 5300 North Oakdale Avenue. (The LACPC and the Applicant failed to mutually agree on an extension of time for the first-level appellate body to act beyond the specified 45 days, pursuant to Government Code Section 66452.5(c)(1) of the California Subdivision Map Act, and Los Angeles Municipal Code Section 13A.2.8.F.2, if there is a failure for the appeal board to render a timely decision on the appeal, then the decision shall result in a denial of the appeal as a matter of law. As such, the appeal filed on January 6, 2025, to the LACPC was deemed denied and the determination of the Deputy Advisory Agency, dated December 20, 2024, stands.) The project is within the scope of the 2021-2029 Housing Element and the Housing Element Environmental Impact Report (ENV-2020-6762-EIR), and adequately describes the project for the purpose of the California Environmental Quality Act. Applicant: Oakdale Estates, LLC; Borstein Enterprises, its sole Managing Member Representative: Sarah Golden, Rosenheim & Associates, Inc. Case No. VTT-83927-HCA-2A Environmental No. ENV-2020-6762-EIR Related Case Nos. VTT-83927-HCA; VTT-83297-HCA-1A; ZA-2023-2170- ZAD-ZV-ZAA; ZA-2023-2170-ZAD-ZV-ZAA-1A (Planning and Land Use Management Committee report to be submitted in Council. If a public hearing is not held in Committee, an opportunity for public comment will be provided.) (Please visit www.lacouncilfile.com for background documents.) April 25, 2025 LA County Los Angeles City Council Item #10
20250423 LA County Los Angeles City Council Item (50) 16-0555-S2 CD 15 MOTION (McOSKER - HUTT) relative to amending the prior Council action of March 26, 2025, Council file No. (CF) 16-0555-S2, regarding a proposed non- profit lease agreement with the East Side Riders Bike Club (ESRBC) for the basement of the City-owned property located at 1513 East 103rd Street, Los Angeles, California 90002. Recommendation for Council action: AMEND the Council action of March 26, 2025 regarding a proposed non-profit lease agreement with the ESRBC for the basement of the City-owned property located at 1513 East 103rd Street, Los Angeles, California 90002 (CF 16-0555- S2), to include the following recommendation: 1. FIND, pursuant to Los Angeles City Charter Section 371(e)(10) and Los Angeles Administrative Code Section 10.15(a)(10), that the use of competitive bidding for the proposed lease agreement with ESRBC would be undesirable inasmuch as the ESRBC is a well-established community-based nonprofit organization with deep roots in South Los Angeles and a proven track record of providing vital programming in the community. Their longstanding commitment to the Watts community, coupled with their operational history and relationships with local stakeholders, positions them uniquely to activate and manage community-focused services at the Watts Municipal Building. Awarding this lease to ESRBC will ensure the continued delivery of vital, community-driven services without disruption and aligns with the City's commitment to supporting grassroots organizations serving underserved populations. Post April 23, 2025 LA County Los Angeles City Council Item #50
20250423 LA County Los Angeles City Council Item (23) 21-0825 CD 11 ADMINISTRATIVE AND CATEGORICAL EXEMPTIONS and COMMUNICATION FROM THE BOARD OF AIRPORT COMMISSIONERS (BOARD) relative to a Third Amendment to Contract No. DA-5300 between the Los Angeles World Airports (LAWA) and Motorola Solutions, Inc., Board Resolution No. 28109, covering radio projects and ongoing radio system maintenance and technical services for the Radio Communications System of LAWA. (Trade, Travel and Tourism Committee report to be submitted in Council. If public hearing is not held in Committee, an opportunity for public comment will be provided.) (Please visit www.lacouncilfile.com for background documents) April 23, 2025 LA County Los Angeles City Council Item #23
20250423 LA County Los Angeles City Council Item (22) 25-0338 CD 11 CATEGORICAL EXEMPTION and COMMUNICATION FROM THE BOARD OF AIRPORT COMMISSIONERS relative to the First Amendment to Ground Lease No. LAA-7168 between the Los Angeles World Airports (LAWA) and AMB Partners II, L.P., including the Prologis Modified Gross Office Sublease with the City of Los Angeles and Sub-Sublease No. HSBP-7119-L-LN0016 with the United States Customs and Border Protection, at the Los Angeles International Airport located at 11099 South La Cienega Boulevard. (Trade, Travel and Tourism Committee report to be submitted in Council. If public hearing is not held in Committee, an opportunity for public comment will be provided.) (Please visit www.lacouncilfile.com for background documents.) April 23, 2025 LA County Los Angeles City Council Item #22
20250422 LA County Los Angeles City Council Item (16) 24-1044 CD 14 CONTINUED CONSIDERATION OF GOVERNMENT OPERATIONS COMMITTEE REPORT relative to a proposed lease in connection with three remnant parcels under the Santa Fe Avenue Overpass [Assessor Parcel Numbers (APNs) 5168-012-900, 901 and 909]. Recommendations for Council action, pursuant to Motion (de León – Blumenfield): 1. DIRECT the Bureau of Engineering (BOE), with the assistance of the Department of General Services and City Attorney, to negotiate a lease agreement with the owner of the property located at 2426 Washington Boulevard for the City-owned remnant parcels under the Santa Fe Avenue Overpass, APNs 5168-012-900, 901, and 909; with said lease to include all or a portion of these remnant parcels as determined by the BOE, and should include the following: a. Any access to the site required by the City. b. A provision to capture back rent for the previous use of these properties by the adjacent property owner without an agreement. 2. AMEND, upon execution of the lease detailed above in Recommendation No. 1, that the Council action of February 22, 2022 relative to the vacation of the alley southerly of Washington Boulevard from the alley easterly of Santa Fe Avenue to its easterly terminus (Council file No. 21- 0345; VAC-E1401392), to delete Condition 6(b) of the October 22, 2021 BOE report, attached to the Council file. Fiscal Impact Statement: Neither the City Administrative Officer nor the Chief Legislative Analyst has completed a financial analysis of this report. April 22, 2025 LA County Los Angeles City Council Item #16