| 20250429 |
LA County |
Los Angeles |
City Council |
Item |
(8)
25-0289
ARTS, PARKS, LIBRARIES, AND COMMUNITY ENRICHMENT COMMITTEE
REPORT relative to an enabling Ordinance to authorize the Los Angeles
County Department of Public Health to collect and publish data and policies on
debt collection and financial assistance activities from hospitals operating in the
City in a manner consistent with its actions in the County of Los Angeles.
Recommendation for Council action, pursuant to Motion (Hernandez – Padilla):
REQUEST the City Attorney to prepare and present an enabling ordinance
incorporating the Los Angeles County Code, Sections 11.02.085 through
11.41.045, Ordinance entitled "Addressing Medical Debt Through Data
Collection," as amended by Los Angeles County Ordinance 2024-0048, to
authorize the Los Angeles County Department of Public Health to collect and
publish data and policies on debt collection and financial assistance activities
from hospitals operating in the City in a manner consistent with its actions in
the County of Los Angeles.
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
#8
|
| 20250429 |
LA County |
Los Angeles |
City Council |
Item |
(48)
25-0265
CD 1
COMMUNICATION FROM CITY CLERK and ORDINANCE OF INTENTION
FIRST CONSIDERATION relative to renewing the "Lincoln Heights Industrial
Zone Business Improvement District (BID)", Property Based, for a proposed
ten-year term beginning January 1, 2026 and ending December 31, 2035.
Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE
MAYOR:
1. PRESENT and ADOPT the accompanying ORDINANCE OF
INTENTION, dated March 10, 2025, to establish a Property and BID to
be known as the "Lincoln Heights Industrial Zone BID”, pursuant to the
Provisions of the Property and BID Law of 1994 (Division 18, Part 7,
Streets and Highways Code, State of California) and to levy
assessments.
2. APPROVE Recommendation Nos. 1 through 17 contained in the City
Clerk report dated March 3, 2025, attached to Council file No. 25-0265,
relative to the Lincoln Heights Industrial Zone BID, Property Based, for a
proposed ten-year term.
3. REQUEST the City Attorney, with the assistance of the City Clerk, to
prepare an enabling Ordinance establishing the Lincoln Heights Industrial
Zone BID for City Council consideration at the conclusion of the required
public hearing.
Financial Policies Statement: The City Clerk reports that the assessment levied
on five City-owned property within the District to be paid from the General
Fund total $18,309.38 for the first year of the BID. Funding is available in the
BID Trust Fund No. 659 to pay the General Fund’s share of assessments for
the first operating year. Proposition 218 requires the separation of general
benefits from the special benefits. The general benefit portion for the Lincoln
Heights Industrial Zone BID is $5,346.00 for the first year. However, funds
other than assessment revenue must be budgeted annually for the general
benefit expense for the remaining years of the BID's ten-year term. |
April 29, 2025
LA County
Los Angeles
City Council
Item
#48
|
| 20250429 |
LA County |
Los Angeles |
City Council |
Item |
(47)
25-0423
CD 10
COMMUNICATION FROM CITY CLERK and ORDINANCE OF INTENTION
FIRST CONSIDERATION relative to renewing the West Adams Property and
Business Improvement District (BID), Property Based, for a proposed ten-year
term beginning January 1, 2026 and ending December 31, 2035.
Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE
MAYOR:
1. PRESENT and ADOPT the accompanying ORDINANCE OF
INTENTION, dated April 17, 2025, to establish a Property and BID to be
known as the "West Adams Property and BID", pursuant to the
Provisions of the Property and BID Law of 1994 (Division 18, Part 7,
Streets and Highways Code, State of California) and to levy
assessments.
2. APPROVE Recommendation Nos. 1 through 17 contained in the City
Clerk report dated April 16, 2025, attached to Council file No. 25-0423,
relative to the West Adams Property and BID, Property Based, for a
proposed ten-year term.
3. REQUEST the City Attorney, with the assistance of the City Clerk, to
prepare an enabling Ordinance establishing the West Adams Property
and BID for City Council consideration at the conclusion of the required
public hearing.
Fiscal Impact Statement: The City Clerk reports that there are no assessments
for City-owned properties within the BID, therefore there is no impact on the
General Fund for City property assessments. Proposition 218 requires the
separation of general benefits from the special benefits. The general benefit
portion for the District is $6,909 (2.5168 percent of the total budget) for the first
year. However, funds other than assessment revenue must be budgeted
annually for the general benefit expense for the remaining years of the BID's
ten-year term. |
April 29, 2025
LA County
Los Angeles
City Council
Item
#47
|
| 20250429 |
LA County |
Los Angeles |
City Council |
Item |
(46)
25-0428
CD 11
COMMUNICATION FROM CITY CLERK and ORDINANCE OF INTENTION
FIRST CONSIDERATION relative to renewing the Gateway to L.A. Business
Improvement District (BID), Property Based, for a proposed ten-year term
beginning January 1, 2026 and ending December 31, 2035.
Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE
MAYOR:
1. PRESENT and ADOPT the accompanying ORDINANCE OF
INTENTION, dated April 18, 2025, to establish a Property and BID to be
known as the "Gateway to L.A. BID", pursuant to the Provisions of the
Property and BID Law of 1994 (Division 18, Part 7, Streets and Highways
Code, State of California) and to levy assessments.
2. APPROVE Recommendation Nos. 1 through 17 contained in the City
Clerk report dated April 11, 2025, attached to Council file No. 25-0428,
relative to the Gateway to L.A. BID, Property Based, for a proposed ten-
year term.
3. REQUEST the City Attorney, with the assistance of the City Clerk, to
prepare an enabling Ordinance establishing the Gateway to L.A. BID for
City Council consideration at the conclusion of the required public
hearing.
Fiscal Impact Statement: The City Clerk reports that there are no assessments
for City-owned properties within the BID, therefore there is no impact on the
General Fund for City property assessments. Proposition 218 requires the
separation of general benefits from the special benefits. The general benefit
portion for the Gateway to L.A. BID is $33,941.90 for the first year. However,
funds other than assessment revenue must be budgeted annually for the
general benefit expense for the remaining years of the BID's ten-year term.
Funding is available in the BID Trust Fund No. 659 to pay the General Fund
share of the assessment for the first operating year. |
April 29, 2025
LA County
Los Angeles
City Council
Item
#46
|
| 20250429 |
LA County |
Los Angeles |
City Council |
Item |
(4)
25-0006-S34
AD HOC COMMITTEE FOR LA RECOVERY REPORT relative to a requesting
the State of California to provide temporary financial assistance to address the
unforeseen expenditure of resources from the Pacific Palisades Fire to ensure
that essential services continue to be provided to the residents of the City, with
the State being paid back upon reimbursement by the Federal Government.
Recommendation for Council action, pursuant to Resolution (Park – Harris-
Dawson, Nazarian), SUBJECT TO THE CONCURRENCE OF THE MAYOR:
RESOLVE to request the State of California to provide temporary financial
assistance to address the unforeseen expenditure of resources from the
Pacific Palisades Fire to ensure that essential services continue to be provided
to the residents of the City, with the State being paid back upon reimbursement
by the Federal Government.
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
#4
|
| 20250429 |
LA County |
Los Angeles |
City Council |
Item |
(30)
21-0643-S1
PLANNING AND LAND USE MANAGEMENT COMMITTEE REPORT relative
to approving the allocation of $8,782,000 from the Development Services Trust
Fund (DSTF) for the continuation of consultant services for the BuildLA Project;
and related matters.
Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE
MAYOR:
1. APPROVE, pursuant to Section 5.321(l) of the Los Angeles
Administrative Code, the allocation of $8,782,000 from the DSTF for the
BuildLA Project.
2. REQUEST the Controller to:
i. Appropriate $4,750,000 from available balances in the DSTF (Fund
58V) to a new appropriation account, BuildLA IT Project - Year 4,
for consultant services, and transfer $4,750,000 therefrom to the
Engineering Special Services Trust Fund No. 682/50, Account
Number TBD entitled BuildLA IT Project - Year 4.
ii. Appropriate $4,032,000 from available balances in Fund 58V to
new appropriation accounts within Fund 58V, in the amounts
reflected in the table under Recommendation No. 2.ii of the City
Administrative Officer (CAO) report dated March 25, 2025, attached
to the Council file.
iii. Transfer $4,032,000 from the various accounts noted in the table
under Recommendation No. 2.ii of said CAO report, to various
funds and accounts reflected in the table under Recommendation
No. 2.iii of said CAO report.
3. AUTHORIZE the City Engineer, or designee, to make technical
corrections as necessary to instructions included in said CAO report, to
implement the Mayor and Council intent, subject to the approval of the
CAO.
4. INSTRUCT the Board of Public Works, Bureau of Engineering (BOE),
Bureau of Contract Administration, Bureau of Street Services, Bureau of
Sanitation, Office of Accounting, Department of City Planning, Los
Angeles Housing Department, Los Angeles Department of
Transportation, and the Los Angeles Fire Department to provide proof of
DSTF expenditures to the Los Angeles Department of Building and
Safety after each invoice is processed.
5. DIRECT the BOE to continue to provide an annual report to the Mayor
and Council on the work performed and costs expended by the
consultant on the BuildLA Project for the duration of the project.
6. NOTE and FILE the December 3, 2024 BuildLA Project Annual Report
and Funding Request, attached to said CAO report.
7. INSTRUCT the CAO and BOE to report back in 30 days on the following:
a. An assessment of the metrics being used to evaluate Build LA’s
success across each department.
b. An explanation of how it will create more concurrent versus
sequential.
c. Expected time of completion.
d. A briefing on Build LA, of what it does and what it doesn’t do.
e. What are the dispute resolution procedures/processes and how are
they effectuated to prevent ambiguity?
Fiscal Impact Statement: The CAO reports that funding for the BuildLA Project
is fully supported by the Development Services Trust Fund and there is no
impact to the General Fund.
Financial Policies Statement: The CAO reports that the recommended actions
comply with the City’s Financial Policies in that the proposed work will be
supported by special funds, which are supported by dedicated funding
sources, and spending is to be limited to the mandates of the funding source. |
April 29, 2025
LA County
Los Angeles
City Council
Item
#30
|
| 20250429 |
LA County |
Los Angeles |
City Council |
Item |
(3)
25-0006-S28
AD HOC COMMITTEE FOR LA RECOVERY REPORT relative to current maps
of all undergrounded and aboveground utilities in Very High Fire Hazard
Severity Zones, and the feasibility and implementation of a tiered system for
undergrounding powerlines.
Recommendations for Council action, as initiated by Motion (Rodriguez –
Yaroslavsky, Blumenfield):
1. REQUEST the Los Angeles Department of Water and Power (LADWP) to
report to Council with a current map of all undergrounded and
aboveground utilities in Very High Fire Hazard Severity Zones.
2. REQUEST the LADWP, with the assistance of any needed department or
government agency, to report to Council on the feasibility and
implementation of a tiered system for undergrounding powerlines. The
report should also include the following information:
a. Criteria for prioritizing areas for undergrounding, including risk
factors like, but not limited to, Very High Fire Hazard Severity
Zones, High Wind Areas, and proximities to Generating Stations.
b. A detailed cost analysis, including projected costs for different tiers,
potential funding options, and the impact on utility rates and
customers.
c. Strategies for community input and stakeholder engagement
processes.
d. Community benefits, such as weed abatement, brush clearance,
park space and walking trails, for areas where above-ground
utilities are found infeasible for undergrounding. |
April 29, 2025
LA County
Los Angeles
City Council
Item
#3
|
| 20250429 |
LA County |
Los Angeles |
City Council |
Item |
(24)
25-0006-S23
AD HOC COMMITTEE FOR LA RECOVERY REPORT relative to City-owned
infrastructure impacted by the January 2025 wildfires.
Recommendations for Council action:
1. NOTE and FILE the following reports attached to Council file No. 25-
0006-S23:
a. Bureau of Engineering (BOE) report dated March 7, 2025
b. Bureau of Street Lighting (BSL) report dated March 18, 2025
c. Bureau of Street Services (BSS) report dated March 19, 2025
d. Los Angeles Department of Water and Power (LADWP) report
dated March 24, 2025
e. Los Angeles Department of Transportation report dated April 8,
2025
f. Department of General Services (GSD) report dated April 14, 2025
g. Bureau of Sanitation (BOS) report dated April 17, 2025
h. Department of Recreation and Parks (RAP) report dated April 18,
2025
2. INSTRUCT the BOE, BSL, the BSS, BOS, RAP, and GSD; and,
REQUEST the LADWP, in coordination with the Emergency Management
Department, to provide the following information in quarterly reports
requested in Council file No. 25-0006-S8, Motion (Park, Lee –
Rodriguez):
a. Progress in resolving street closures in the Pacific Palisades.
b. Progress on the Palisades Recreation Center reconstruction and
library replacement, including the development of cost estimates.
c. Progress toward removal and pruning of affected trees and debris
clearance on parkways and landscaped median islands.
d. Further assessment of our long-term recovery needs.
Fiscal Impact Statement: Not applicable |
April 29, 2025
LA County
Los Angeles
City Council
Item
#24
|
| 20250429 |
LA County |
Los Angeles |
City Council |
Item |
(14)
23-0330
HOUSING AND HOMELESSNESS COMMITTEE REPORT relative to
accepting the Prohousing Incentive Program (PIP) Grant from the State of
California Department of Housing and Community Development’s (HCD) PIP to
fund the City’s Micro Operational Reserve Replenishment Program.
Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE
MAYOR:
1. NOTE and FILE the Los Angeles Housing Department (LAHD) report
dated December 23, 2024, attached to Council file No. 23-0030.
2. AUTHORIZE the General Manager, LAHD, or designee, to accept the
HCD’s 2023 PIP Grant.
3. AUTHORIZE the General Manager, LAHD, or designee, to approve the
grant criteria outlined in the revised LAHD report dated March 5, 2025,
attached to Council file No. 23-0330, for the City’s Micro Operational
Reserve Replenishment Pilot Program.
4. AUTHORIZE the General Manager, LAHD, or designee, to obligate and
expend the PIP Grant funds for the purposes as indicated in the revised
LAHD report dated March 5, 2025, attached to the Council file.
5. AUTHORIZE the General Manager, LAHD, or designee, subject to review
and approval of the City Attorney as to form, to negotiate and execute the
grant agreements with PATH Ventures for the purpose of paying the
accrued property management and property operational expenses, as
well as costs to get vacant units ready for occupancy, as detailed in the
revised LAHD report dated March 5, 2025, attached to the Council file.
The grant agreement will include a 55-year regulatory agreement to
memorialize the affordability covenants as required by the HCD.
6. AUTHORIZE the General Manager, LAHD, or designee, subject to review
and approval of the City Attorney as to form, to negotiate and execute the
grant agreements with the legal owners of the projects deemed eligible
for the PIP Grant funds pursuant to the Micro Operational Replenishment
Reserve Pilot Program. The grant agreement will include a 55-year
regulatory agreement to memorialize the affordability covenants as
required by the HCD.
7. INSTRUCT the General Manager, LAHD, or designee, to report to
Council with the recommendations regarding the selection of qualified
projects.
8. AUTHORIZE the Controller to:
a. Record a grant receivable in the amount of $4,900,000 within the
LAHD Small Grants and Awards Fund No. 49N.
b. Establish a new Account No. 43AD42 entitled “PIP Grant – Skid
Row” and appropriate $3,427,552 within Fund No. 49N/43.
c. Establish a new Account No. 43AD43 entitled “PIP Grant – Micro
Operational Replenishment Reserve Pilot Program” and
appropriate $1,472,448 within Fund No. 49N/43.
d. Expend Funds from the above accounts upon proper written
demand of the General Manager, LAHD, or designee.
e. Obligate and disburse funding in the amount of $3,427,552 from
Account No. 49N/43AD42 to Path Ventures upon proper written
demand of the General Manager, LAHD, or designee.
f. Obligate and disburse funding in the amount of $1,472,448 from
Account No. 49N/43AD43 for the internal Operational
Replenishment Reserve Pilot Program to selected affordable
housing project owners, or its designees, upon proper written
demand of the General Manager, LAHD, or designee.
g. Establish a new Account No. 43A49N - LAHD Small Grants &
Awards, within Fund No. 59T - City of Los Angeles Housing Impact
Trust Fund, and transfer up to $3,675,000 in cash to Fund No. 49N
- LAHD Small Grants and Award Fund.
h. Establish a new Account No. 43A59T - City of Los Angeles Housing
Impact Trust Fund within Fund No. 49N - LAHD Small Grants and
Award Fund, and transfer up to $3,675,000 in cash to Fund No.
59T - City of Los Angeles Housing Impact Trust Fund upon receipt
of the PIP Grant funds reimbursement.
9. AUTHORIZE the General Manager, LAHD, or designee, to prepare
Controller instructions and any necessary technical adjustments
consistent with Mayor and City Council actions, subject to the approval of
the City Administrative Officer; and, REQUEST the Controller to
implement the instructions.
Fiscal Impact Statement: The LAHD reports that there is no impact to the
General Fund. On the other hand, a denial by Council to allocate a portion of
the PIP Grant for the four troubled former Skid Row Housing Trust assets
currently held by PATH Ventures could result in property foreclosure and the
establishment of a new receivership at a substantial cost to the City. |
April 29, 2025
LA County
Los Angeles
City Council
Item
#14
|
| 20250429 |
LA County |
Los Angeles |
City Council |
Item |
(13)
21-1375-S1
HOUSING AND HOMELESSNESS COMMITTEE REPORT relative to the
extension of the Accessory Dwelling Unit (ADU) Accelerator Program; and a
proposed amendment to the contract between ONEgeneration and the City for
rental assistance payment processing and other services; and related matters.
Recommendations for Council action, as initiated by Motion (Blumenfield –
Hernandez), SUBJECT TO THE APPROVAL OF THE MAYOR:
1. NOTE AND FILE the Los Angeles Housing Department (LAHD) report
dated January 30, 2025, contained in the City Administrative Officer
(CAO) report dated March 11, 2025, attached to Council file No. 21-1375-
S1.
2. INSTRUCT the LAHD, and REQUEST ONEgeneration, to report to
Council in 30 days on the ADU Accelerator Program, including program
outcomes, the status of the existing ADU Program tenant households,
and program savings if tenants are eligible for the Section 8 Program.
3. INSTRUCT the LAHD to report to Council in 30 days with
recommendations to amend the Permanent Local Housing Allocation
Expenditure Plan to increase funding to the ADU Accelerator Program, to
ensure older adults have opportunities to access affordable housing
units.
4. INSTRUCT and AUTHORIZE the General Manager, LAHD, or designee,
to amend and reinstate City Contract No. C-139995 and/or execute a
sole source contract with ONEgeneration and/or issue a Request for
Proposals, to increase the contract by $400,000 to expand the scope of
the ADU Accelerator Program to allow the program to continue beyond
the remaining 10 households under the original contract for housing
navigation and homelessness preventions services, and extend the
contract term by two years through February 28, 2027.
5. REQUEST the Controller to transfer $400,000 from the General City
Purposes Fund No. 100/56, Account No. 0617, Additional Homeless
Services – Council District Three, to LAHD Affordable Housing Trust
Fund No. 44G/43, Account No. 43VB50, to continue the ADU Accelerator
Program.
6. INSTRUCT the Chief Legislative Analyst to assist in effectuating the
intent of the Motion (Blumenfield – Hernandez), attached to Council file
No. 21-1375-S1, to enable the ADU Accelerator Program to continue
providing valuable housing navigation and placement to affordable
housing for seniors experiencing homelessness and/or at risk of
homelessness.
7. AUTHORIZE the continuation of the Los Angeles ADU Accelerator
Program for up to two years, subject to the approval of the Mayor.
8. AUTHORIZE the General Manager, LAHD, or designee, to retroactively
reinstate and amend Contract No. C-139995 with ONEgeneration to
increase the maximum compensation amount by $988,800 from
$2,965,487 to $3,001,687, and extend the term by two years through
February 28, 2027, to provide tenant subsidies and fees for the ADU
Accelerator Program, in substantial conformance with the draft
amendment, contained as Attachment 1 in the CAO report dated March
11, 2025, attached to the Council file, subject to the contractor’s
performance, approval of the City Attorney as to form, and approval of
the Mayor.
9. INSTRUCT the General Manager, LAHD, or designee, to seek an
exemption for one Senior Project Coordinator to oversee the ADU
Accelerator Program pilot, in accordance with Los Angeles City Charter
Section 1001(d)(4), based on the position being grant-funded for a term
of no more than two years, which may be extended for one additional
year, for a maximum exemption period of three years.
Fiscal Impact Statement: The LAHD reports that funding for the proposed
contract amendment is available within the Affordable Housing Trust Fund and
the SB 2 Permanent Local Housing Allocation Fund. There is no General Fund
impact.
Financial Policies Statement: The LAHD reports that the recommendations in
the report comply with the City’s Financial Policies in that one-time
expenditures will be supported by one-time revenues. |
April 29, 2025
LA County
Los Angeles
City Council
Item
#13
|
| 20250429 |
LA County |
Los Angeles |
City Council |
Item |
(10)
25-0253
BUDGET AND FINANCE COMMITTEE REPORT relative to a transfer of funds
from the Fire Hydrant Installation and Main Replacement Fund No. 336 to the
City’s Reserve Fund.
Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE
MAYOR:
1. INSTRUCT the Los Angeles Fire Department and the City Treasurer to
process the sum of $1,351,401.00 from the Fire Hydrant Installation and
Main Replacement Fund No. 336.
2. REQUEST the Controller to transfer all identified eligible monies to the
City’s Reserve Fund.
Fiscal Impact Statement: None submitted by the Office of Finance. 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
#10
|
| 20250423 |
LA County |
Los Angeles |
City Council |
Item |
(3)
25-0006-S6
AD HOC COMMITTEE FOR LA RECOVERY REPORT relative to staffing and
resources for the January 2025 Wildfires; and requesting an updated Recovery
Annex document tailored to the January 2025 Wildfire emergency event that
clarifies the roles and responsibilities of each City department and bureau; and
related matters.
Recommendations for Council action:
1. INSTRUCT the Emergency Management Department, with the
assistance of all departments and bureaus involved in recovery
operations, to report to Council with an updated Recovery Annex
document that is tailored specifically to the January 2025 Wildfires
emergency event and clarifies the roles and responsibilities of each
department and bureau and takes the Council and Mayor's emergency
instructions into account.
2. INSTRUCT all City departments and bureaus to review the list of Wildfire
Recovery Initiatives attached to the Chief Legislative Analyst (CLA) report
dated March 13, 2025, attached to Council file No. 25-0006-S6, and the
updated Recovery Annex to determine whether additional, unbudgeted
resources will be necessary to conduct recovery work.
3. INSTRUCT all City departments and bureaus to submit to the CLA and
the City Administrative Officer (CAO) any staffing or resources needed
immediately for the continued recovery efforts from the January 2025
windstorm and wildfires.
4. INSTRUCT the CLA and the CAO to review all department and bureau
requests and to continue to report on any needed staffing and resources,
including exemptions to Prioritized Critical Hiring, in order to support
recovery work.
5. INSTRUCT all City departments and bureaus to submit budget requests
to the Mayor's Office for inclusion in the Fiscal Year 2025-26 Proposed
Budget for any staffing or resources needed in the next fiscal year.
6. INSTRUCT the CAO and the CLA; and, REQUEST the Mayor's Office to
continue to expedite the filling of authorized positions needed for
recovery work through the Prioritized Critical Hiring process, and to
report to Council with recommendations for additional exemptions to this
process as necessary.
7. INSTRUCT the CAO, with the assistance of the CLA, to report to Council
on any expenditures incurred by City departments and bureaus in
providing emergency response and recovery services that are
determined to be ineligible for reimbursement from the 2025 Wildfire
Emergency Response and Recovery account.
Fiscal Impact Statement: Neither the CAO nor the CLA has completed a
financial analysis of this report. |
April 23, 2025
LA County
Los Angeles
City Council
Item
#3
|
| 20250423 |
LA County |
Los Angeles |
City Council |
Item |
(17)
25-0172
PUBLIC SAFETY and ENERGY AND ENVIRONMENT COMMITTEES’
REPORT relative requesting a comprehensive analysis of the Los Angeles Fire
Department (LAFD) and Los Angeles Department of Water and Power
(LADWP) workflow for inspecting and repairing the City's network of fire
hydrants and a work plan to repair fire hydrants in need of maintenance.
A. PUBLIC SAFETY COMMITTEE REPORT
Recommendations for Council action, as initiated by Motion (Park - Lee):
1. INSTRUCT the Chief Legislative Analyst (CLA), in coordination with
the LAFD and LADWP, to report to Council in 30 days with a
comprehensive analysis of the LAFD and LADWP workflow for
inspecting and repairing the City network of fire hydrants. The
report should include but not be limited to the following:
a. The number of fire hydrants inspected annually, in addition to
the regularity of inspections, by the LAFD.
b. The number of fire hydrants repaired annually by the LADWP.
c. The number of fire hydrants that are offline due to
maintenance, repair or other issues.
d. The number of fire hydrants that have been inspected but are
still in need of repair or maintenance.
e. Solutions to address issues related to LAFD Connection and
hydrant theft and vandalism.
2. REQUEST the LADWP to present a work plan to repair any fire
hydrants that are found to be in need of repair or further
maintenance based on the above analysis and complete any
required work within 30 days of presentation.
3. INSTRUCT the City Administrative Officer (CAO), in coordination
with the LAFD and LADWP, to report to Council on the cost of
replacing the City's stock of 2.5-inch outlet fire hydrants with 4-inch
outlet fire hydrants.
B. ENERGY AND ENVIRONMENT COMMITTEE REPORT
Recommendations for Council action, as initiated by Motion (Park - Lee):
1. CONCUR with the recommendations of the Public Safety
Committee of March 5, 2025.
2. INSTRUCT the CLA, in coordination with the LAFD and LADWP, to
include in its report on a comprehensive analysis of the LAFD and
LADWP workflow for inspecting and repairing the City network of
fire hydrants the identification of inaccessible City fire hydrants and
recommendations to make them available.
Fiscal Impact Statement: Neither the CAO nor the CLA has completed a
financial analysis of this report. |
April 23, 2025
LA County
Los Angeles
City Council
Item
#17
|
| 20250422 |
LA County |
Los Angeles |
City Council |
Item |
(53)
25-0408
CD 14
COMMUNICATION FROM THE CITY CLERK and ORDINANCE OF
INTENTION FIRST CONSIDERATION relative to the establishment of the
Property-Based Little Tokyo Property and Business Improvement District
(District) to levy assessments on real property.
Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE
MAYOR:
1. FIND that:
a. The petitions submitted on behalf of the proponents of the
proposed District are signed by property owners who will pay more
than 50 percent of the assessments proposed to be levied.
b. All parcels included in the District will receive a special benefit from
the improvements and activities that are to be provided.
c. All parcels will have a special benefit conferred upon them and
upon which an assessment would be imposed are those as
identified in the Management District Plan, attached to the Council
file.
d. In accordance with Article XIIID of the California Constitution, all
assessments are supported by the Engineer’s Report, prepared by
a registered professional engineer certified by the State of
California, attached to the Council file.
e. In accordance with Article XIIID of the California Constitution and
based on the facts and conclusions contained in said Engineer’s
Report, the assessment levied on each parcel within the proposed
District is proportionate to the special benefit derived from the
improvements and activities that are to be provided.
f. In accordance with Article XIIID of the California Constitution and
based on the facts and conclusions contained in said Engineer’s
Report, the Engineer has separated the general from special
benefits. The Engineer's Report identified general benefits in the
amount of two percent to be separated from the special benefits
conferred on parcels within the proposed District. The yearly
general benefits cost must be paid from funds other than the
assessments collected for the District. The general benefit cost for
first year of operation is $30,142.48.
g. No publicly-owned parcel is exempt from assessment.
h. The assessments for the proposed District are not taxes and that
the District qualifies for exemption from Proposition 26 under
exemption 7 of Article XIIIC, Section 1(e).
i. The services to be provided by the Owners Association are in the
nature of professional, expert, technical or other special services,
that the services are of a temporary and occasional character, and
that the use of competitive bidding would be impractical, not
advantageous, undesirable or where the common law otherwise
excuses compliance with competitive bidding requirements.
j. The proposed improvements and activities are completely
separate from the day-to-day operations of the City of Los Angeles.
2. APPROVE the Little Tokyo Steering Committee to administer the District
if the District is established.
3. ADOPT the Preliminary Report of the City Clerk dated April 9, 2025,
attached to the Council file.
4. ADOPT the Management District Plan, attached to the Council file.
5. ADOPT said Engineer’s Report, attached to the Council file.
6. PRESENT AND ADOPT the accompanying ORDINANCE
OF INTENTION, dated April 11, 2025, to establish a Property and
Business Improvement District, to be known as the “Little Tokyo Property
and Business Improvement District”, pursuant to the Provisions of the
Property and Business Improvement District Law of 1994 (Divison 18,
Part 7, Streets and Highways Code, State of California), and to levy
assessments.
7. AUTHORIZE the City Clerk, upon establishment of the District, to
prepare, execute and administer a contract between the City of Los
Angeles and the Little Tokyo Steering Committee, a non-profit
corporation, for the administration of the District’s programs.
8. DIRECT the City Clerk to comply with the notice, protest, and hearing
procedures prescribed in the Proposition 218 Omnibus Implementation
Act (California Government Code Section 53750, et seq.).
9. REQUEST the City Attorney, with the assistance of the City Clerk, to
prepare an enabling Ordinance establishing the District for City Council
consideration at the conclusion of the required public hearing.
10. AUTHORIZE the Controller, upon establishment of the District, to
establish a special trust fund within FMS entitled “Little Tokyo Business
Improvement District”, and assign a new revenue source code, if needed,
to this special fund.
Fiscal Impact Statement:
The City Clerks reports that the assessment levied on the City-owned
properties within the District to be paid from the General Fund total
$359,944.76 for the first year of the District. Funding is available in the
Business Improvement District Trust Fund 659 to pay the General Fund share
of the assessment for the first operating year. Proposition 218 requires the
separation of general benefits from the special benefits. The general benefit
portion for the District is $30,102.48 (2% of the total budget) for the first year.
However, funds other than assessment revenue must be budgeted annually for
the general benefit expense for the remaining years of the BID'S five-year
term. |
April 22, 2025
LA County
Los Angeles
City Council
Item
#53
|
| 20250422 |
LA County |
Los Angeles |
City Council |
Item |
(33)
24-0996
HOUSING AND HOMELESSNESS COMMITTEE REPORT relative to
strategies for Time Limited Subsidies (TLS).
Recommendations for Council action:
1. NOTE and FILE the Los Angeles Homeless Services Authority (LAHSA)
report dated December 2, 2024, attached to Council file No. 24-0996,
inasmuch as no further Council action is required at this time.
2. REQUEST the LAHSA, with assistance of the City Administrative Officer,
to collaborate with service providers and report to Council with analysis
and recommendations on the following:
a. A cost/benefit analysis of possible expansion of the City’s
investment in the TLS Program. What is the highest and best use of
these funds? Provide additional details on the anticipated funding
cliff for Fiscal Year 2025-26 and beyond; and potential impacts on
service delivery and impact on specific subpopulations of people
who are served.
b. What is needed to train and retain the workforce needed to make
the TLS Program a success, particularly in light of LAHSA contracts
beginning to require in-person case management every week for
the first three months.
c. What is needed to address waiting times to get access to the TLS
Program? How long does it take for a person experiencing
homelessness to receive a TLS slot, if eligible, once they are
enrolled in housing navigation? Are people stuck in housing
navigation, why and for how long? Is the issue staff capacity in
housing navigation or is it difficulty in finding apartments that will
participate in the TLS Program?
d. Provide recommendations to find more solutions to build income for
participants. How can the TLS Program be connected with
employment programs that already funded by the City and County?
Encourage the LAHSA to work with the Mayor’s Fund and other
City resources to help develop this.
e. How can you meaningfully measure the success of housing
navigation as an intervention?
Fiscal Impact Statement: Not applicable |
April 22, 2025
LA County
Los Angeles
City Council
Item
#33
|
| 20250422 |
LA County |
Los Angeles |
City Council |
Item |
(28)
15-0719-S19
EXEMPTION, ENVIRONMENTAL IMPACT REPORT (EIR), ADDENDA and
RELATED CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA)
FINDINGS; TRANSPORTATION, PLANNING AND LAND USE
MANAGEMENT, and BUDGET AND FINANCE COMMITTEES’ REPORTS
relative to a proposed Ordinance amending Los Angeles Municipal Code
(LAMC) Section 12.26 J to update the City's Transportation Demand
Management (TDM) Ordinance, proposed New Development Review Fee
Ordinance, and Mobility Investment Trust Fund Ordinance, and related actions
to repeal existing Ordinances to align with the City’s climate action goals.
A. TRANSPORTATION COMMITTEE REPORT
Recommendations for Council action, SUBJECT TO THE APPROVAL OF
THE MAYOR:
1. RECEIVE and FILE the Los Angeles Department of Transportation
(LADOT) report, dated June 5, 2019, attached to the Council file,
relative to the status of proposed updates to the City's TMD
Ordinance requirements for new developments.
2. FIND that:
a. Based on the independent judgment of the decision-maker,
after consideration of the whole of the administrative record,
the project was assessed in the previously certified EIR, No.
ENV-2013-0911-EIR, SCH No. 2013041012, certified on
November 25, 2015 (Council file No. 15-0719); Addendum
No. ENV-2013-0911-EIR-ADD1, dated December 3, 2015
(Council File No. 15-0719-S15); Addendum No. ENV-2013-
0911-EIR-ADD2, dated March 2016 (Council File No. 15-
0719); and pursuant to CEQA Guidelines, Sections 15162
and 15164, and the Addendum No. ENV-2013-0911-EIR-
ADD3, dated September 9, 2022, that no major revisions to
the EIR are required and no subsequent EIR or negative
declaration is required for approval of the Project.
b. The Fee Ordinance and Trust Fund Ordinance do not
constitute a "project," as defined by CEQA pursuant to CEQA
Guidelines Section 15378(b)(4), which states that a "project"
does not include "[t]he creation of government funding
mechanisms or other government fiscal activities which does
not involve any commitment to any specific project which may
result in a potentially significant physical impact on the
environment."
c. The adoption of the Fee Ordinance and Trust Fund Ordinance
are exempt from CEQA based upon CEQA Guidelines
Section 15061 (b)(3), since it can be seen with certainty that
there is no possibility that the activity in question may have a
significant effect on the environment, and as such the activity
is not subject to CEQA.
3. CONCUR with the action of the Los Angeles City Planning
Commission (LACPC) recommending approval of the proposed
TMD Ordinance, approved at its meeting of September 22,
2022, attached to the Department of City Planning (DCP) report for
Case No. CPC-2021-3141-CA, dated October 24, 2022, attached to
the Council file.
4. ADOPT the:
a. Findings of the LACPC as the Findings of Council, attached to
the DCP report for Case No. CPC-2021-3141-CA, dated
October 24, 2022, attached to the Council file.
b. Proposed TMD Ordinance amending LAMC Section 12.26 J,
Transportation Demand Management and Trip Reduction
Measures, attached to the DCP report for Case No. CPC-
2021-3141-CA, dated October 24, 2022, attached to the
Council file.
5. REQUEST the City Attorney, in coordination with the DCP, to:
a. Prepare and present the following:
i. An Ordinance amending LAMC Section 19.15 (Fee
Ordinance) (Attachment B - currently titled: Department
of Transportation Traffic Study Review, Condition
Clearance and Permit Issuance Fees), to incorporate
the new and revised fees detailed in the October 26,
2022 LADOT report, attached to the Council file.
ii. An Ordinance to:
1. Add Article 33 to Chapter 5 of Division 5 of the Los
Angeles Administrative Code (LAAC) to establish
a new special fund that combines multiple trust
funds to be known as the “Mobility Investment
Trust Fund,” as detailed in Attachment C of the
October 26, 2022 LADOT report, attached to the
Council file, and include revisions to the hotel
thresholds as follows:
50 rooms for Level 2
135 rooms for Level 3
2. Repeal LAAC Article 13.9 of Chapter 5 of Division
5 Neighborhood Traffic Management Trust Fund
and LAAC Article 26 of Chapter 5 of Division 5
Bicycle Plan Trust Fund, as detailed in
Attachments D and E, respectively, of the October
26, 2022 LADOT report, attached to the Council
file.
b. Incorporate the new TDM Ordinance, once it is adopted by
City Council, into the New Zoning Code, subject to changes to
conform to the format, style, and nomenclature of the New
Zoning Code.
B. PLANNING AND LAND USE MANAGEMENT COMMITTEE REPORT
Recommendations for Council action:
1. CONCUR with the Transportation Committee Recommendation
Nos. 2a, 2b, 2c, 3, 4a, 4b, and 5ai, as detailed in the Transportation
Committee report.
2. CONCUR with the DCP recommendations contained in the report
dated October 21, 2022, and the LADOT recommendations
contained in the report dated October 26, 2022, relative to the
proposed TDM Ordinance, Trip Reduction Measures, findings, and
Environmental findings, as denoted in the Mobility Plan EIR
certified on November 25, 2015; and three Addendums.
3. APPROVE the LACPC recommendations in report CPC-2021-
3141-CA that includes Exhibit A, (proposed TDM Ordinance),
approved at the LACPC meeting on September 22, 2022
(Attachment A), attached to the LADOT report dated October 26,
2022.
4. REQUEST the City Attorney to:
a. Prepare and present an ordinance to add Article 33 to
Chapter 5 of Division 5 of the LAAC to establish a new special
fund that combines multiple trust funds to be known as the
“Mobility Investment Trust Fund” (Fund) (Attachment C), and
repeal LAAC Article 13.9 of Chapter 5 of Division 5
Neighborhood Traffic Management Trust Fund (Attachment D)
and LAAC Article 26 of Chapter 5 of Division 5 Bicycle Plan
Trust Fund (Attachment E), attached to the LADOT report
dated October 26, 2022.
b. Prepare and present a new TDM Ordinance, and thereby
repeal the existing ordinance adopted in 1993 (Ordinance No.
168700), as recommended in the DCP report dated October
21, 2022; and, in the LADOT report dated October 26, 2022,
attached to the Council file.
5. REFER to the Budget and Finance Committee and INSTRUCT the
City Administrative Officer (CAO) to prepare a report with
recommendations relative to the proposed New Development
Review Fee Ordinance and ‘Mobility Investment Trust Fund’ as
recommended in the LADOT report dated October 26, 2022,
attached to the Council file; and further, INSTRUCT the CAO to
indicate in the report if the recommended fee Ordinance is fully cost
recoverable and not expected to negatively impact the General
Fund.
6. REQUEST the City Attorney, upon completion of the CAO fee
analysis report, to prepare and present the following ordinances:
a. The new Development Review Fee Ordinance
b. A second Ordinance to create a new Special Fund that
combines multiple trust funds, to be known as the ‘Mobility
Investment Trust Fund’ and thereby repeal the existing
“Neighborhood Traffic Management Trust Fund” and the
“Bicycle Plan Trust Fund.”
7. REQUEST the City Attorney, in coordination with the DCP and
LADOT, to include in the Transportation Demand Management
Ordinance, the following:
a. Revise of hotel thresholds to:
i. 25 rooms for Level 1 (currently proposed)
ii. 50 rooms for Level 2 (on par with housing)
iii. 135 rooms for Level 3
8. INSTRUCT the DCP to incorporate the ordinance once adopted by
the Council, into the LAMC, Chapter 1A (proposed new Zoning
Code), and thereby conform to its new format/style.
C. BUDGET AND FINANCE COMMITTEE REPORT
1. CONCUR with the Transportation Committee’s recommendation to
receive and file the LADOT report dated June 5, 2019, attached to
the Council file.
2. CONCUR with the Transportation and Planning and Land Use
Management Committees’ recommendations approved on
November 1, 2022 related to the DCP Report dated October 24,
2022 and LADOT Report dated October 26, 2022, attached to the
Council file.
3. NOTE and FILE the CAO report dated November 16, 2022,
attached to the Council file.
Fiscal Impact Statement:
None submitted by the DCP. The LADOT reports that the TDM program update
includes a cost recovery fee ordinance, and is not expected to impact the
General Fund. The City Administrative Officer (CAO) reports that approval of
the recommendation in this report will have no impact on the General Fund.
With the approval of the new proposed Development Review Fees in the
LADOT report dated October 26, 2022, attached to this Council file, LADOT
estimates a total of $2.17 million in annual revenue of which $1.74 million will
be received as revenue by the General Fund and $430,000 will be received as
revenue by the Transportation Review Fee Fund, a fee-supported Special
Fund. The proposed fees provide full cost recovery.
Financial Policies Statement:
The CAO reports that the recommendation in the report complies with the City
Financial Policies in that it recommends to note and file this report. |
April 22, 2025
LA County
Los Angeles
City Council
Item
#28
|
| 20250422 |
LA County |
Los Angeles |
City Council |
Item |
(25)
25-0184
TRADE, TRAVEL AND TOURISM COMMITTEE REPORT relative to
requesting that the Port of Los Angeles (POLA) and the Los Angeles Fire
Department (LAFD) provide a verbal update on the current operational status
of fireboat marine operators, including availability and capacity to support
wildfire response efforts.
Recommendation for Council action, pursuant to Motion (McOsker - Nazarian):
REQUEST the Port of Los Angeles (POLA) and INSTRUCT the Los Angeles
Fire Department (LAFD) to provide a verbal update on the current operation
status of fireboat marine operators, including their availability and capacity to
support wildfire response efforts. The update should address the following:
a. Fireboat Fleet Overview: Provide details on the available fireboats
deployed in operations, including their specific capabilities, such as
pumping capacities, specialized equipment, and readiness for
emergency deployment.
b. Integration with Wildfire Response: Discuss the capability and readiness
of fireboats to assist in wildfire situations, including their equipment,
staffing, and operational procedures. Include the ability of fireboats with
advanced pumping capacities such as Fireboats 2, 4, and 5, and the
potential to include utilizing fireboats in tandem with land-based
firefighting resources.
c. Staffing and Training: Highlight the training and staffing levels of LAFD
marine operators, ensuring they are equipped with the necessary skills
and knowledge to engage in wildfire support operations when necessary.
d. Interagency Coordination: Opportunities for future collaboration between
the POLA, LAFD, and other relevant agencies to enhance wildfire
response capabilities. Discuss the challenges faced by marine operators
in supporting wildfire operations, particularly concerning resources,
logistics, and coordination with firefighting agencies.
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
#25
|
| 20250422 |
LA County |
Los Angeles |
City Council |
Item |
(24)
23-1356
CD 15
TRADE, TRAVEL AND TOURISM COMMITTEE REPORT relative to proposed
amendments and processes needed to revise the Port of Los Angeles' (POLA)
Leasing Policy.
Recommendation for Council action:
APPROVE the POLA report recommendation to amend the POLA Project
Application and Procedure. The revision to the Application for Port Permit will
request the current number of employees at the site, estimated employees
after project completion, estimated construction jobs, and total jobs created for
this project.
Fiscal Impact Statement: None submitted by the POLA. 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
#24
|
| 20250422 |
LA County |
Los Angeles |
City Council |
Item |
(20)
25-0150
CD 15
PREVIOUSLY CERTIFIED ENVIRONMENTAL IMPACT REPORT (EIR),
[STATE CLEARINGHOUSE (SCH) NO. 2021010117], MITIGATION
MONITORING PROGRAM, and RELATED ENVIRONMENTAL FINDINGS;
PLANNING AND LAND USE MANAGEMENT (PLUM) COMMITTEE
REPORT, RESOLUTION, and ORDINANCE FIRST CONSIDERATION relative
to a General Plan Amendment, Vesting Zone Change and Height District
Change, proposed Code Amendment, proposed Specific Plan for the One San
Pedro Project (Project), and proposed Community Plan Implementation
Overlay (CPIO) Amendment; for the property located at 275 West 1st Street
[Assessor Parcel Numbers (APNs) 7449-017-900, 7449-017-901,7449-017-
902, 7449-018-900, 7449-018-901,7449-018-902, 7455-017-900, 7455-027-
929, 7455-027-930, and 7455-027-931].
Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE
MAYOR:
1. FIND, based on the independent judgment of the decision-maker, after
consideration of the whole of the administrative record, that the Project
was assessed in the previously certified EIR, Case No. ENV-2021-
10633-EIR (SCH No. 2021010117), certified on November 30, 2023; and
pursuant to California Environmental Quality Act Guidelines, Sections
15162 and 15164, no subsequent EIR, negative declaration, or
addendum is required for approval of the Project.
2. ADOPT the FINDINGS of the Los Angeles City Planning Commission
(LACPC) as the Findings of Council.
3. ADOPT the accompanying RESOLUTION for General Plan Amendments
to the San Pedro Community Plan to change the land use designation
from Low Medium II Residential to Community Commercial for a portion
of the Project Site, and to add the One San Pedro (OSP) Zone as a
corresponding zone to the Community Commercial land use designation;
and to the Transportation Element of the General Plan (Mobility Plan
2035) to reclassify First Street from Harbor Boulevard to Mesa Street
from an Avenue II to a Collector Street.
4. PRESENT and ADOPT the accompanying ORDINANCE, dated
December 12, 2024, to effectuate a Vesting Zone and Height District
Change from RD1.5-1XL-CPIO and C2-2D-CPIO to the OSP Zone.
5. APPROVE the proposed Code Amendment, proposed Specific Plan
Establishment, and proposed CPIO Amendment, as recommended in the
LACPC report dated January 16, 2025, and the Technical
Modifications/Corrections recommended in the Department of City
Planning report dated March 20, 2025, attached to the Council file; for
the One San Pedro Project (Project) that would establish the One San
Pedro Specific Plan (Specific Plan) to allow for the phased
redevelopment of the existing Rancho San Pedro public housing
development, which occupies nine city blocks encompassing
approximately 19.5 acres (Project Site); the Specific Plan would establish
standards to regulate land use, development, and design and would
permit a maximum of 1,553 dwelling units, including restricted affordable
units, and 130,000 square feet of commercial space, incorporate
approximately 5.3 acres of publicly accessible open space and circulation
and public right-of-way improvements; for the property located at 275
West 1st Street (APNs 7449-017-900, 7449-017-901,7449-017-902,
7449-018-900, 7449-018-901,7449-018-902, 7455-017-900, 7455-027-
929, 7455-027-930, and 7455-027-931).
6. REQUEST the City Attorney to prepare and present the draft ordinances
for the following:
a. The One San Pedro Specific Plan
b. To amend the code to establish the OSP Zone as a Special Zone in
a new Section, 8.3.5 of Chapter 1A of the Los Angeles Municipal
Code.
c. To amend the San Pedro CPIO to remove the project site from the
San Pedro CPIO boundary.
Applicant: Housing Authority of the City of Los Angeles
Representative: Jim Ries, Craig Lawson & Co., LLC
Case No. CPC-2023-372-GPAJ-VZCJ-HD-SP-CPIOA-HCA
Environmental No. ENV-2021-10633-EIR (SCH No. 2021010117)
Related Case No. VTT-83500-HCA
Fiscal Impact Statement: The LACPC reports that there is no General Fund
impact as administrative costs are recovered through fees. |
April 22, 2025
LA County
Los Angeles
City Council
Item
#20
|
| 20250422 |
LA County |
Los Angeles |
City Council |
Item |
(14)
22-0195
BUDGET AND FINANCE COMMITTEE REPORT relative to the proposed
update to the existing qualified list for investment banking services for debt
programs managed by the City Administrative Officer (CAO).
Recommendations for Council action:
1. APPROVE the following firms to serve on the City’s existing list of
qualified firms for investment banking services for various debt programs
managed by the CAO, (Existing Qualified List), for the remainder of the
existing five-year term that was authorized on March 9, 2022 by City
Council and expiring on March 8, 2027 with four optional one-year
extensions, including updates to the Existing Qualified List as follows
(Council file No. 22-0195):
a. The removal of Citigroup Global Markets Inc. and UBS Financial
Services Inc. from the Existing Qualified List as these firms exited
the municipal bond business and no longer provide underwriting
services for negotiated municipal bond sales.
b. A modification of the role for TD Securities LLC, currently on the
Existing Qualified List eligible as a co-manager, to also include
eligibility as a senior manager.
c. The addition of PNC Capital Markets LLC to the Existing Qualified
List, eligible to serve as senior manager and co-manager:
Existing Qualified List (Proposed Update, March 2025)
i. Academy Securities, Inc. [Disabled Veterans Business
Enterprise (DVBE), Minority Business Enterprise (MBE)]
ii. American Veterans Group, Public Benefit Corporation* [Small
Business Enterprise (SBE), Service-Disabled Veteran-Owned
Business (SDVOB)]
iii. Bancroft Capital, LLC* [Service-Disabled Veteran-Owned
Small Business (SDVOSB)]
iv. Barclays Capital Inc.
v. BofA Securities, Inc.
vi. Cabrera Capital Markets, LLC (MBE)
vii. D.A. Davidson & Co.
viii. Drexel Hamilton, LLC (SDVOB)
ix. FHN Financial Capital Markets*
x. Goldman Sachs & Co. LLC
xi. Jefferies LLC
xii. J.P. Morgan Securities LLC
xiii. Loop Capital Markets [MBE, Minority/Women Business
Enterprise (M/WBE)]
xiv. Morgan Stanley
xv. Piper Sandler
xvi. PNC Capital Markets LLC
xvii. Ramirez & Co. Inc. (MBE)
xviii. Raymond James & Associates, Inc.
xix. RBC Capital Markets, LLC
xx. Siebert Williams Shank & Co., LLC (M/WBE)
xxi. SMBC Nikko Securities America, Inc.*
xxii. Stern Brothers* (WBE)
xxiii. Stifel Public Finance
xxiv. TD Securities LLC
xxv. UMB Bank, N.A.*
xxvi. US Bancorp*
xxvii. Wells Fargo Securities
*Co-Managers Only
2. AUTHORIZE the CAO to negotiate and execute contracts with TD
Securities LLC or PNC Capital Markets LLC, as needed, for the
remainder of the current term of the Existing Qualified List expiring on
March 8, 2027 with four optional one-year extensions, to serve as senior
managers and co-managers for investment banking services for various
City debt programs, subject to the approval of the City Attorney as to
form.
Fiscal Impact Statement: The CAO reports that the 2024-25 Adopted Budget
includes appropriations within the Capital Finance Administration Fund and
Sewer and Construction Maintenance Fund for costs attributed to services
provided by commercial paper dealers and remarketing agents. Annual budget
appropriations for such services are subject to Mayor and City Council
approval. Fees for other investment banking services will be funded from bond
proceeds upon successful closing of a transaction. There is no additional fiscal
impact on the City’s General Fund from the approval of recommendations in
said report.
Financial Policies Statement: The CAO reports that the report
recommendations are in compliance with the City’s Financial Policies, which
state that all municipal advisors, bond counsel, underwriters, and other as
needed market participants will be selected through a Request for
Qualifications or Request for Proposals process.
Debt Impact Statement: The CAO reports that approval of the report
recommendations will have no impact on the City’s debt limits. |
April 22, 2025
LA County
Los Angeles
City Council
Item
#14
|