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20260128 LA County Los Angeles City Council Item (17) 26-0016 BUDGET AND FINANCE COMMITTEE REPORT, RESOLUTION and ORDINANCES FIRST CONSIDERATION relative to the issuance and sale of Municipal Improvement Corporation of Los Angeles (MICLA) Lease Revenue Bonds (Bonds), lease and leaseback of real property between the City and MICLA; and, creation of a special fund to record accounting transactions. Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: 1. ADOPT the accompanying Authorizing RESOLUTION, attached to the City Administrative Officer (CAO) report dated January 8, 2026, attached to the Council file, which authorizes the issuance and sale in a principal amount up to $255 million of MICLA Bonds, Series 2026-A (Capital Equipment and Real Property), to be sold on a negotiated basis; and, authorizes the execution and delivery of related bond documents in connection with the issuance and sale of the Bonds. 2. PRESENT and ADOPT the accompanying ORDINANCE, dated January 9, 2026, approving the lease and leaseback of certain real properties by and between the City and MICLA in connection with the issuance of Bonds by MICLA, to be issued to retire certain maturities of commercial paper notes issued by MICLA. 3. PRESENT and ADOPT the accompanying ORDINANCE, dated January 9, 2026, adding Section 5.162.57 to Article 2.5, Chapter 9, Division 5 of the Los Angeles Administrative Code to create a special fund related to the Bonds to be issued by MICLA, in one or more series, preliminarily named the Municipal Improvement Corporation of Los Angeles Lease Revenue Bonds, Series 2026-A (Capital Equipment and Real Property), with such additional series and subseries designations as determined by the City, to record certain accounting transactions related to the Bonds. 4. INSTRUCT the Controller to create an account in the Capital Finance Administration Fund (Fund No. 100/53) that will be used to pay for future lease payments entitled “MICLA 2026-A (Capital Equipment & Real Property)”. 5. AUTHORIZE the CAO to make technical corrections and adjustments as necessary to those transactions included in said CAO report to implement the Mayor and Council intentions. Fiscal Impact Statement: The CAO reports that the issuance of the Bonds in an aggregate principal amount up to $255 million will be payable from lease payments to be made by the City to MICLA pursuant to the Lease Agreement, which is an obligation of the General Fund, subject to annual appropriations in the Adopted Budget within the Capital Finance Administration Fund (Fund No. 100/53). The resulting semi-annual lease payments will be due on April 15 and October 15 in sufficient amounts to pay semi-annual debt service payments for the Bonds. There is no additional General Fund impact as the first lease payment will occur in Fiscal Year (FY) 2026-27. Financial Policies Statement: The CAO reports that the issuance of the Bonds in an aggregate principal amount up to $255 million, along with the associated lease payments, will not cause the City’s debt service obligations to exceed six percent of General Fund revenues for non-voter-approved debt, as required by the City’s Financial Policies. After the issuance of the Bonds, the projected non-voter approved debt ratio is estimated to be 2.40 percent in FY 2025-26 and 2.73 percent in FY 2026-27, as detailed in Attachment B of said CAO report. Debt Impact Statement: The CAO reports that the Bonds will be payable from lease payments to be made by the City pursuant to the Lease Agreement, which is a General Fund obligation. These lease payments to MICLA will be annually budgeted in the Capital Finance Administration Fund (Fund No. 100/53). The average annual debt service for the Bonds is estimated to be $15.9 million over 20 years, through May 1, 2046. The total debt service, including total principal and interest, over the life of the Bonds is estimated to be approximately $318.8 million. Actual interest rates may differ as rates are dependent on market conditions at the time of issuance. After the issuance of the Bonds, the projected non-voter approved debt ratio is estimated to be 2.40 percent in FY 2025-26 and 2.73 percent in FY 2026-27, as detailed in Attachment B of said CAO report. January 28, 2026 LA County Los Angeles City Council Item #17
20260128 LA County Los Angeles City Council Item (14) 26-0005-S3 CD 9 COMMUNICATION FROM THE LOS ANGELES HOUSING DEPARTMENT (LAHD) and RESOLUTION relative to removing the property at 624 East 84th Street (Case Nos. 804879; 891146), Assessor I.D. No. 6029-024-027, from the Rent Escrow Account Program (REAP). Recommendation for Council action: APPROVE the LAHD report recommendation dated January 16, 2026, attached to the Council file, and ADOPT the accompanying RESOLUTION removing the property at 624 East 84th Street (Case Nos. 804879; 891146), Assessor I.D. No. 6029-024-027, from the REAP. Fiscal Impact Statement: None submitted by the LAHD. Neither the City Administrative Officer nor the Chief Legislative Analyst has completed a financial analysis of this report. January 28, 2026 LA County Los Angeles City Council Item #14
20260128 LA County Los Angeles City Council Item (13) 26-0005-S2 CD 9 COMMUNICATION FROM THE LOS ANGELES HOUSING DEPARTMENT (LAHD) and RESOLUTION relative to removing the property at 875 East 40th Place (Case No. 854026), Assessor I.D. No. 5114-012-007, from the Rent Escrow Account Program (REAP). Recommendation for Council action: APPROVE the LAHD report recommendation dated January 16, 2026, attached to the Council file, and ADOPT the accompanying RESOLUTION removing the property at 875 East 40th Place (Case No. 854026), Assessor I.D. No. 5114-012-007, from the REAP. Fiscal Impact Statement: None submitted by the LAHD. Neither the City Administrative Officer nor the Chief Legislative Analyst has completed a financial analysis of this report. January 28, 2026 LA County Los Angeles City Council Item #13
20260128 LA County Los Angeles City Council Item (12) 26-0005-S1 CD 8 COMMUNICATION FROM THE LOS ANGELES HOUSING DEPARTMENT (LAHD) and RESOLUTION relative to removing the property at 3918 South Brighton Avenue (Case No. 885851), Assessor I.D. No. 5036-015-020, from the Rent Escrow Account Program (REAP). Recommendation for Council action: APPROVE the LAHD report recommendation dated January 16, 2026, attached to the Council file, and ADOPT the accompanying RESOLUTION removing the property at 3918 South Brighton Avenue (Case No. 885851), Assessor I.D. No. 5036-015-020, from the REAP. Fiscal Impact Statement: None submitted by the LAHD. Neither the City Administrative Officer nor the Chief Legislative Analyst has completed a financial analysis of this report. January 28, 2026 LA County Los Angeles City Council Item #12
20260127 LA County Los Angeles City Council Item (7) 26-4118-S1 CD 5 RESOLUTION (PADILLA for YAROSLAVSKY - McOSKER) relative to designating locations in Council District 5 for enforcement against sitting, lying, sleeping, or storing, using, maintaining, or placing personal property, or otherwise obstructing the public right-of-way, as further detailed in Los Angeles Municipal Code (LAMC) Section 41.18. Recommendations for Council action: 1. RESOLVE, pursuant to Section 41.18 of the LAMC, to designate the following locations for enforcement against sitting, lying, sleeping, or storing, using, maintaining, or placing personal property, or otherwise obstructing the public right of way, up to the maximum distance and effective for the maximum period of time prescribed, and as further detailed in the LAMC: a. 10860 Santa Monica Blvd - Public Safety b. 6077 W. 3rd Street - Public Safety c. Drexel Avenue and San Vicente Boulevard - Public Safety d. 3rd Street and San Vicente Boulevard - Public Safety e. Robertson Boulevard and Alden Drive - Public Safety f. Sepulveda Boulevard and Sardis Avenue - Overpass g. Sepulveda Boulevard and Richland Avenue - Overpass h. Sepulveda Boulevard and National Boulevard - Overpass ​ 2. RESOLVE to direct and authorize the City department(s) with jurisdiction over the identified locations to post appropriate notices of the above prohibitions at these locations, and to begin enforcement upon the expiration of any required posting period. January 27, 2026 LA County Los Angeles City Council Item #7
20260127 LA County Los Angeles City Council Item (4) 25-0008-S10 CD 15 MOTION (McOSKER - LEE) and RESOLUTION relative to amending the prior Council action of August 20, 2025 regarding establishing oversize vehicle parking restrictions along certain street segments of Torrance Boulevard, Normandie Avenue, and Vermont Avenue in the Harbor Gateway area. Recommendation for Council action: AMEND the prior Council action of August 20, 2025 regarding establishing oversize vehicle parking restrictions along certain street segments of Torrance Boulevard, Normandie Avenue, and Vermont Avenue in the Harbor Gateway area (Council file No. 25-0008-S10) to ADOPT the revised Resolution attached to the Motion. January 27, 2026 LA County Los Angeles City Council Item #4
20260127 LA County Los Angeles City Council Item (2) 25-0005-S142 CD 1 CONTINUED CONSIDERATION OF COMMUNICATION FROM THE LOS ANGELES HOUSING DEPARTMENT (LAHD) and RESOLUTION relative to removing the property at 815 South Bonnie Brae Street (Case Nos. 864023, 869143 and 877520), Assessor I.D. No. 5142- 004-024, from the Rent Escrow Account Program (REAP). Recommendation for Council action: APPROVE the LAHD report recommendation dated November 3, 2025, attached to the Council file, and ADOPT the accompanying RESOLUTION removing the property at 815 South Bonnie Brae Street (Case Nos. 864023, 869143 and 877520), Assessor I.D. No. 5142-004-024, from the REAP. Fiscal Impact Statement: None submitted by the LAHD. Neither the City Administrative Officer nor the Chief Legislative Analyst has completed a financial analysis of this report. January 27, 2026 LA County Los Angeles City Council Item #2
20260127 LA County Los Angeles City Council Item (19) 26-0088 MOTION (RAMAN - HARRIS-DAWSON) relative to a request to City Attorney to prepare and present ballot measure language, with a severability clause, and the necessary ballot resolutions and election ordinance to place the measure on the June 2, 2026 ballot, to amend the Measure ULA ordinance. Recommendation for Council action: REQUEST the City Attorney to prepare and present ballot measure language, with a severability clause, and the necessary ballot resolutions and election ordinance to place the measure on the June 2, 2026 ballot, to amend the Measure ULA ordinance with the following changes: Commercial/Multifamily & Palisades Exemptions: Amend Section 21.9.2 to: • Create a fifteen year exemption for newly constructed multifamily, commercial or mixed use (i.e. multifamily and commercial combined). The exemption should apply to multifamily and commercial properties transferred within 15 years from issuance of the most recent certificate of occupancy for new construction or substantial rehabilitation. Multifamily is defined as any properties containing 4 or more dwelling units and commercial is defined as any properties containing non- residential uses. • Amend Measure ULA to allow the Office of Finance to issue an exemption for three years after any natural disaster upon a showing by the listed taxpayer that the Measure ULA tax will cause an undue hardship. This rule should be retroactive to owners of record of residential properties on January 7, 2025 in fire-impacted areas. Affordable Housing Production Technical Changes: • Amend Section 21.9.14 to add non-profit and a limited partnership whose general partner is a single-member limited liability company wholly controlled by a nonprofit corporation meeting the affordable housing development qualifications. • Amend Section 22.618.3 (d)(l)(i)b.4 to clarify that the language is not applicable in cases of transfers by foreclosure, deed-in- lieu of foreclosure, or other similar conveyance. Replace the resale requirement with a first right of refusal clause for qualified non-profits, Community Land Trusts, and Limited Equity Housing Cooperatives with affordable housing development qualifications to bid on the property at fair market value with a 60 day response period. • Amend Section 22.618.3(d)(l)(i)b.7 to provide necessary flexibility for seniority to be determined based on the requirements of other public funders and based on the size of each lender's loan. • Amend Section 22.618.3(d)(l)(i)b.1 and b.2 to provide flexibility to the Los Angeles Housing Department to permit an adjustment of rents up to 80% of Area Median Income to ensure positive cash flow, for example following the loss of subsidy or the risk of foreclosure for project feasibility. This opportunity to shift affordability levels within a project should only be used in times of financial distress to remove any risk. Contracting • Add a provision to ensure that upon City Council approval for matters related to Measure ULA, the City Attorney must conclude review as to form in 90 days or less. January 27, 2026 LA County Los Angeles City Council Item #19
20260127 LA County Los Angeles City Council Item (17) 25-0029 BUDGET AND FINANCE COMMITTEE REPORT relative to potential ballot measures, options and proposals for the June and November 2026 elections to increase General Fund Tax revenue. Recommendations for Council action: 1. APPROVE the following general revenue tax options to Strengthen Fiscal Stability and Preserve Core Services for placement on the June 2, 2026 Primary Nominating Election Ballot: a. Tax Measure: Transient Occupancy Tax; Current Rate: General Fund – 13 percent, Total – 14 percent; Rate Increase: 4.0 percent, 2.0 percent; Duration: 4 percent until December 2028, 2 percent thereafter and permanent; Annual Estimated Revenue Impact: $89 million, $45 million b. Tax Measure: Parking Occupancy Tax; Current Rate: 10 percent; Rate Increase: 5.0 percent; Duration: Permanent; Annual Estimated Revenue Impact: $67 million c. Tax Measure: Cannabis Business Tax Parity; Current Rate: Various; Rate Increase: N/A; Duration: Permanent; Annual Estimated Revenue Impact: Approximately $70 million 2. REQUEST the City Attorney, with the assistance of the City Administrative Officer (CAO) and Chief Legislative Analyst (CLA), to prepare and present the necessary Resolutions and Ordinances for the proposed ballot measures stated above for the June 2, 2026 Primary Nominating Election Ballot, on or before January 28, 2026, for Council adoption by no later than February 11, 2026; and, to include a separate ballot measure to close the TOT loophole regardless of the amount, as follows: a. Revise the definitions of tax applicability to explicitly include Online Travel Company (OTC) charges and markups as taxable charges. b. Add a requirement that operators disclose all OTCs providing payments. c. Add language clarifying the applicability of TOT to certain common fees and charges. d. Add language requiring any organized platform or marketplace facilitating short-term rental of property within the City to collect applicable TOT at the time of payment and remit the money collected to the City. e. How the City can address enforcement with OTCs, not just with the home-sharing platforms, as many of whom are working with the City in good-faith. 3. INSTRUCT the CAO to engage on-call consultants to study the following four general revenue tax options for consideration as a measure on the November 3, 2026 Ballot, or future ballots: ​ a. Major Event Tax b. Shared Ride Tax c. Vacancy Tax d. Retail Delivery Fee 4. INSTRUCT the CAO to identify funding up to $100,000 per study for each of the tax and fee revenue options selected by the Council for further consideration, excluding any options selected for the June 2, 2026 Ballot. 5. INSTRUCT the CLA and Office of Finance, with assistance from the Department of City Planning (DCP), to provide an update to the next scheduled Budget and Finance Committee and Planning and Land Use Management (PLUM) Committee on the status of the pending Vacation Rental Ordinance [Council file No. (CF) 18-1246], including options to increase the citywide cap on vacation rentals, changing the geographic unit subject to concentration caps from Census tracts to community plan areas and increase said cap, increasing the maximum number of days per calendar year a vacation rental may be rented, and implementing a vacation rental application fee to fund enforcement activities. 6. STRIKE Recommendation No. 7 contained in said CAO report relative to rescinding the Council action of July 30, 2025, CF 22- 0392-S1, which requests the City Attorney to prepare and present an ordinance to amend Ordinance No. 188699 relative to the establishment of a Transportation Communications Network (TCN) Revenue Fund, that would allocated 75 percent of TCN Revenue by Council District based on the percentage of total area (square feet) of operational digital displays located within each Council District, and 25 percent for citywide purposes. Fiscal Impact Statement: The CAO reports that there is no immediate fiscal impact on the General Fund as a result of the recommendations in the report; however, recommendations identify potential future actions that may require additional appropriations through interim budget actions subject to Mayor and Council approval. Financial Policies Statement: The CAO reports that the recommendations in the report comply with the City’s Financial Policies in that the report is for informational purposes only and does not commit the City to any future expenditure of funds without further legislative action. January 27, 2026 LA County Los Angeles City Council Item #17
20260121 LA County Los Angeles City Council Item (9) 22-0742 CD 14 CONTINUED CONSIDERATION OF CATEGORICAL EXEMPTION, COMMUNICATION FROM THE CITY ENGINEER and RESOLUTION TO VACATE relative to vacating Calada Street from South of Union Pacific Avenue to its southerly terminus, VAC-E1401423. Recommendations for Council action: 1. REAFFIRM the FINDINGS of August 2, 2023, that the vacation of Calada Street from South of Union Pacific Avenue to its southerly terminus (Vacation), pursuant to the City of Los Angeles Environmental Guidelines, is exempt from the California Environmental Quality Act of 1970, pursuant to Article III, Class 5(3) of the City of Los Angeles Environmental Guidelines. 2. REAFFIRM the FINDINGS of August 2, 2023, that the Vacation is in substantial conformance with the General Plan pursuant to Section 556 of the Los Angeles City Charter. 3. ADOPT the accompanying RESOLUTION TO VACATE No. 25- 1401423 for the Vacation. Fiscal Impact Statement: None submitted by the City Engineer. Neither the City Administrative Officer nor the Chief Legislative Analyst has completed a financial analysis of this report. January 21, 2026 LA County Los Angeles City Council Item #9
20260121 LA County Los Angeles City Council Item (6) 25-1533 ARTS, PARKS, LIBRARIES, AND COMMUNITY ENRICHMENT COMMITTEE REPORT and RESOLUTION relative to the initiation of proceedings for the 2026-27 Proposition K Assessment. Recommendation for Council action: ADOPT the accompanying RESOLUTION to Initiate Proceedings for the 2026-27 Proposition K assessment, attached to the Proposition K – L.A. For Kids Steering Committee (LAFKSC) report dated December 11, 2025, attached to the Council file, which instructs the City Engineer to present a report to the Council which describes the acquisition and capital improvements to parks and recreational and community facilities serving youth citywide to be undertaken in the upcoming fiscal year, pursuant to the Landscaping and Lighting Act of 1972. Fiscal Impact Statement: The LAFKSC reports that approval of the recommended action will initiate proceedings to levy the annual $25 million Proposition K assessment which will be used to fund acquisitions and capital improvements to parks and recreational and community facilities serving youth citywide. January 21, 2026 LA County Los Angeles City Council Item #6
20260121 LA County Los Angeles City Council Item (10) 23-1032 COMMUNICATION FROM THE CHAIR AND MEMBER, ENERGY AND ENVIRONMENT COMMITTEE, relative to terminating the Removing Barriers to Recycling (RBR) Program component of the RecycLA solid resources franchise hauling contracts. SUBMITS WITHOUT RECOMMENDATION the following recommendations of the City Administrative Officer (CAO): 1. FIND that the City cannot continue funding the RBR Program. 2. INSTRUCT the Bureau of Sanitation (BOS) to: a. Terminate the RBR Program provision of the RecycLA personal services contracts for exclusive franchise commercial and multi-family solid resources collecting and hauling for all 11 zones Citywide, encompassing the following agreements: i. Arakelian Enterprises, Inc. dba Athens Services (C- 128879) ii. Consolidated Disposal Service, LLC dba Republic Services (C-128880) iii. Universal Waste Systems, Inc. (UWS) (C-128881) iv. USA Waste of California, Inc. dba Waste Management (C-128878) v. CalMet Services, Inc. (CalMet) (C-128875) vi. NASA Services, Inc. (NASA) (C-128876) vii. Ware Disposal, Inc. (Ware) (C-128877) b. Provide written notice of termination to the RecycLA service providers with termination of the RBR to occur on January 31, 2027, upon the anticipated expiration date of the current contracts listed above, with notice to occur at least one calendar year prior to the effective termination date. c. Complete all audits of the RBR Program, address any discrepancies including any reimbursements owed to the City, issue liquidated damages as appropriate, and pursue the resolution of outstanding liquidated damages owed by current RecycLA service providers through the RBR payment reconciliation process and other means, as necessary, prior to the termination of the contracts on January 31, 2027. Fiscal Impact Statement: The City Administrative Officer (CAO) reports that adoption of the above recommendations would activate a required one-year notice period for RecycLA service providers to terminate the RBR Program by January 31, 2027 and could mitigate costs to the Citywide Recycling Trust Fund (CRTF) by up to $2.49 million per month should new waste collection contracts not be in place by February 1, 2027, which may then result in an equal amount of savings to the General Fund in reduced subsidies and appropriations required to support CRTF obligations in 2026-27. Adoption of the above recommendation to instruct the BOS to seek any owed reimbursements and resolve outstanding liquidated damages due to the City prior to the expiration of the current RecycLA contracts may result in additional revenue to the CRTF and further reduce its reliance on the General Fund, impacts of which are unknown at this time. Financial Policies Statement: The CAO reports that the above recommendations pursue compliance with the City's Financial Policies in that, to the extent possible, current operations will be funded by current revenues, and that special funds are to reimburse the General Fund for all direct expenditures and related costs provided to support their programs. January 21, 2026 LA County Los Angeles City Council Item #10