City Council Meeting

Los Angeles City Council, Journal/Council Proceeding Wednesday, June 21, 2023 JOHN FERRARO COUNCIL CHAMBER ROOM 340, CITY HALL 200 NORTH SPRING STREET, LOS ANGELES. CA 90012 - 10:00 AM (For further details see Official Council Files) (For communications referred by the President see Referral Memorandum) Roll Call Members Present: Blumenfield, Harris-Dawson, Hernandez, Krekorian, Lee, McOsker, Park, Raman, Soto-Martinez, Yaroslavsky (10); Absent: de Leon, Hutt, Price Jr., Rodriguez (4) Approval of the Minutes Commendatory Resolutions, Introductions and Presentations Multiple Agenda Item Comment Public Testimony of Non-agenda Items Within Jurisdiction of Council Items Noticed for Public Hearing - PUBLIC HEARING CLOSED (1) 23-0607 CD 10 CATEGORICAL EXEMPTION, COMMUNICATION FROM THE CITY ENGINEER and ORDINANCE FIRST CONSIDERATION relative to the quitclaim of a sanitary sewer easement for sanitary sewer purposes lying on 2211-2231 South Western Avenue - Right of Way No. 36000-2399 (Quitclaim). Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: 1. FIND that the Quitclaim is categorically exempt from the California Environmental Quality Act of 1970 pursuant to Article Ill, Class 5(4) of the City's Environmental Guidelines. 2. APPROVE the petitioner's request for the Quitclaim, as shown on the Exhibit Map on the June 7, 2023 City Engineer report, attached Wednesday - June 21, 2023 - PAGE 1  1. ASSIGN Staff from each Council Office to monitor the status of open and aging requests within their district. Information Technology Agency (ITA) can provide MyLA311 login access and training to any Council Office Staff not already accessing the system to manage service requests and assist constituents with City services and status. Council Offices should direct the responsible fulfillment departments to review aging service requests periodically to update or close those that should be closed. 2. INSTRUCT the ITA to report within 30 days on options to utilize or create tools to provide automated reporting to Council Offices and relevant Departments, as appropriate. These reports would place less burden on already overworked Council Staff, as well as help Departments see and prioritize aging requests. Fiscal Impact Statement: The ITA reports that there is no General Fund impact for the above recommendations. Community Impact Statement: None submitted Adopted Item as Amended by Motion (Hernandez - Krekorian) - SEE ATTACHED Ayes: Blumenfield, de Leon, Harris-Dawson, Herna ndez, Krekoria n, Lee, McOsker, Pa rk, Raman, Soto-Martinez, Yaroslavsky (11); Na ys: (O); Absent: Hutt, Price Jr., Rodriguez (3) (29) 22-0569 GOVERNMENT OPERATIONS COMMITTEE REPORT relative to an amendment to Agreement with 3Di, Inc., for maintenance and support of the Citywide MyLA311 Customer Relationship Management System. Recommendation for Council action: APPROVE and AUTHORIZE the General Manager, Information Technology Agency (ITA), or designee, to execute Amendment No. 1 to City Contract C-140519 with 3Di, Inc. for maintenance and support of the MyLA311 Customer Relationship Management System, to extend the term of the Contract by 22 months for a revised term effective three years from February 3, 2022 through February 2, 2025, and add $1,000,000 for Wednesday - June 21, 2023 - PAGE 30  Fiscal Impact Statement: Not applicable . Community Impact Statement: None submitted. Adopted Item Ayes: Blumenfield, de Leon, Harris-Dawson, Hernandez, Krekorian, Lee, McOsker, Park, Raman, Soto-Martinez, Yaroslavsky (11); Nays: (0); Absent: Hutt, Price Jr., Rodriguez (3) (44) 23-0610 CD 15 ADMINISTRATIVE EXEMPTION AND COMMUNICATION FROM THE BOARD OF HARBOR COMMISSIONERS relative to an agre ement between the City of Los Angeles Harbor Department and Alliant Insurance Services, Inc. for insurance brokerage and risk management services. (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.) (Click on www.lacouncilfile.com for background documents.) Community Impact Statement: None submitted TIME LIMIT FILE - AUGUST 7, 2023 (LAST DAY FOR COUNCIL ACTION - AUGUST 4, 2023) Adopted Trade, Travel and Tourism Committee Report - SEE ATTACHED Ayes: Blumenfield, de Leon, Harris-Dawson, Hernandez, K rekorian, Lee, McOsker, Park, Raman, Soto-Martinez, Yaroslavsky (11); Nays: (0); Absent: Hutt, Price Jr., Rodriguez (3) (45) 22-0268 HOUSING ELEMENT ENVIRON MENTA L I MPACT REPORT and ADDENDUM, and COMMUNICATION FROM THE LOS ANGELES CITY PLANNING COMMISSION relative to a propo sed Ordinance and Amended F indings for a Code Amendment to the Site Plan R eview Wednesday - June 21, 2023 - PAGE44  Ordinance, amending Section 16.05 of the Los Angeles Municipal Code in order to streamline the permitting of new affordable housing units and exempt deed restricted affordable units from the 50-unit Site Plan Review threshold calculations. Applicant: City of Los Angeles Case No. CPC-2023-1083-CA Environmental Nos. ENV-2020-6762-EIR, SCH No. 2021010130; ENV- 2020- 6762-EIR-ADD1 (Planning and Land Use Management Committee report to be submitted in Council. If public hearing is not held in Committee, an opportunity for public comment will be provided.) (Click on www.lacouncilfile.com for background documents.) Community Impact Statement: Yes Against: Studio City Neighborhood Council Adopted Planning and Land Use Management Committee Report - SEE ATTACHED Ayes: Blumenfield, de Leon, Harris-Dawson, Hernandez, Krekorian, Lee, McOsker, Park, Raman, Soto-Martinez, Yaroslavsky (11); Nays: (O); Absent: Hutt, Price Jr., Rodriguez (3) Items for which Public Hearings Have Not Been Held - (10 Votes Required for Consideration) (46) 23-0629 CD 10 MOTION (HUTT - HERNANDEZ) relative to funding for the installation of a left turn traffic signal at Olympic Boulevard and Normandie Avenue in Council District 10. Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: 1. TRANSFER AND APPROPRIATE $530,000 in the AB 1290 Fund No. 53P, Account No. 281210 (CD 10 Redevelopment Projects - Services) to a new Account in the Transportation Trust Fund No. 840/94 entitled "Olympic Boulevard & Normandie Ave" for the installation of a left turn traffic signal at Olympic Boulevard and Wednesday - June 21, 2023 - PAGE 45  reimbursement up to grant limitations. WIOA regulations provide for reimbursement of Related Costs to the General Fund, except for the amount in excess of the WIOA administrative cap limitation of 10 percent which is currently estimated at approximately $796, 135. Financial Policies Statement: The CAO reports that the recommendations contained in the June 14, 2023 CAO report, attached to the Council File, are in compliance with the City's Financial Policies in that federal, state, and local grant sources and the 2023-24 Adopted Budget support budgeted costs in the Annual Plan. The recommendations in the report involve the allocation of approximately $111.5 million toward the Workforce Development Board Program Year 24 (FY 2023-24) Annual Plan from various federal and state grants and from local sources, including the Workforce Innovation and Opportunity Act (WIOA), Los Angeles County grants, and other formula and competitive grant sources. Community Impact Statement: None submitted. (Economic and Community Development Committee waived consideration of the above matter) Adopted Item as Amended by Motion (Soto-Martinez - Park) Forthwith - SEE ATTACHED Ayes: Blumenfield, de Leon, Harris-Dawson, Hernandez, Krekorian, Lee, McOsker, Park, Raman, Soto-Martinez, Yaroslavsky (11); Nays: (O); Absent: Hutt, Price Jr., Rodriguez (3) (49) 23-0386 COMMUNICATIONS FROM THE CITY CLERK and CITY ATTORNEY, CERTIFICATION OF SUFFICIENCY OF INITIATIVE PETITION, and RESOLUTIONS relative to an Initiative Petition regarding Limits on Healthcare Executive Compensation. Recommendation for Council action, the following options presented by the City Clerk and City Attorney: 1. REQUEST the City Attorney to prepare and transmit the proposed initiative ordinance for adoption, without alteration. OR Wednesday - June 21, 2023 - PAGE 48  2. ADOPT the ballot resolution to submit the proposed initiative ordinance, without alteration, to a vote of the electors of the City at the next regular City election occurring in more than 110 days from the date of Council action (the March 5, 2024 election). Fiscal Impact Statement: The City Clerk reports that there is zero to minimal cost for adopting the recommendation in the City Clerk report, since there will be a moderate number of Council-sponsored measures on the March 2024 ballot. If, however, the City Council chooses to place this measure before the voters in a Special Election, the cost of that Election is estimated to be $28.7 million. Community Impact Statement: None submitted. (MOTION REQUIRED) (Rules, Elections, and Intergovernmental Relations Committee waived consideration of the above matter) Adopted Motion (Krekorian - McOsker) Forthwith - SEE ATTACHED Ayes: Blumenfield, de Leon, Harris-Dawson, Hernandez, K rekorian, Lee, McOsker, Park, Raman, Soto-Martinez, Yaroslavsky (11); Nays: (O); Absent: Hutt, Price Jr., Rodriguez (3) (50) 23-0646 CD 11 COMMUNICATION FROM THE CITY ENGINEER relative to the final map of Tract No. 82822 located at 12610-12616 West Venice Boulevard, southwesterly of Frances Avenue. Recommendation for Council action: APPROVE the final map of Tract No. 82822, located at 12610-12616 West Venice Bou levard, south westerly of Frances Avenue and accompanying Subdivision Improvement Agreement and Contract with security documents. (Bond No. C-143554) Wednesday - June 21, 2023 - PAGE 49  Rodriguez (3) Items Called Special Motions for Posting and Referral - SEE ATTACHED Council Members' Requests for Excuse from Attendance at Council Meetings Closed Session (52) 23-0414 The City Council may recess to Closed Session, pursuant to Government Code Section 54956.9(d)(1), to confer with its legal counsel relative to the case entitled Brenda Baca v. City of Los Angeles, Los Angeles Superior Court Case No. 20STCV23817. (This matter arises from Plaintiffs claims of sexual harassment and retaliation against the Los Angeles Police Department.) (Budget, Finance and Innovation Committee considered this matter in Closed Session on June 12, 2023.) Adopted Motion (Blumenfield - Price) in Open Session - SEE ATTACHED Ayes: Blumenfield, de Leon, Harris-Dawson, Hernandez, Krekorian, Lee, McOsker, Park, Raman, Soto-Martinez, Yaroslavsky (11); Nays: (O); Absent: Hutt, Price Jr., Rodriguez (3) (53) 23-0457 The City Council may recess to Closed Session, pursuant to Government Code Section 54956.9(d)(1), to confer with its legal counsel relative to the case entitled Israel Hernandez, et al. v. City of Los Angeles, et al., United States District Court Case No. CV19-00441. (This matter arises from an incident involving members of the Los Angeles Police Department on February 2, 2018.) (Budget, Finance and Innovation Committee considered this matter in Closed Session on June 12, 2023.) Adopted Motion (Blumenfield - Price) in Open Session - SEE ATTACHED Wednesday - June 21, 2023 - PAGE 51  Ayes: Blumenfield, de Leon, Harris-Dawson, Hernandez, Krekorian, Lee, McOsker, Park, Raman, Soto-Martinez, Yaroslavsky (11); Nays: (0); Absent: Hutt, Price Jr., Rodriguez (3) (54) 23-0456 The City Council may recess to Closed Session, pursuant to Government Code Section 54956.9(d)(1), to confer with its legal counsel relative to the case entitled Moises Alvarado v. City of Los Angeles, Los Angeles Superior Court Case No. 22STCV13845. (This matter arises from the June 30, 2021 incident in which the LAPD Bomb Squad detonated explosive material.) (Budget, Finance and Innovation Committee considered this matter in Closed Session on June 12, 2023.) Adopted Motion (Blumenfield - Price) in Open Session - SEE ATTACHED Ayes: Blumenfield, de Leon, Harris-Dawson, Hernandez, Krekorian, Lee, McOsker, Park, Raman, Soto-Martinez, Yaroslavsky (11); Nays: (0); Absent: Hutt, Price Jr., Rodriguez (3) (55) 23-0507 The City Council may recess to Closed Session, pursuant to Government Code Section 54956.9(d)(1), to confer with its legal counsel relative to the case entitled Nicholas Kobe v. City of Los Angeles, Los Angeles Superior Court Case No. 19STCV04049. [This matter arises from Plaintiffs claimed violations of the Fair Employment and Housing Act related to: (1) Discrimination; (2) Retaliation and Failure to Prevent Discrimination or Retaliation; (3) Whistleblower Retaliation under Labor Code section 1102.5.] (Budget, Finance and Innovation Committee considered this matter in Closed Session on June 12, 2023.) Adopted Motion (Blumenfield - Price) in Open Session - SEE ATTACHED Ayes: Blumenfield, de Leon, Harris-Dawson, Hernandez, Krekorian, Lee, McOsker, Park, Raman, Soto-Martinez, Yaroslavsky (11); Nays: (0); Absent: Hutt, Price Jr., Rodriguez (3) (56) 23-0511 The City Council may recess to Closed Session, pursuant to Government Wednesday - June 21, 2023 - PAGE 52  Code Section 54956.9(d)(1), to confer with its legal counsel relative to the case entitled Morena Hernandez v. City of Los Angeles, et al., Los Angeles Superior Court Case No. 19STCV07886. (This matter arises from a slip and fall that occurred at the northwest corner of the intersection of Weddington Street and Blakeslee Avenue in North Hollywood on June 20, 2018.) (Budget, Finance and Innovation Committee considered this matter in Closed Session on June 12, 2023.) Adopted Motion (Blumenfield- Price) in Open Session - SEE ATTACHED Ayes: Blumenfield, de Leon, Harris-Dawson, Hernandez, Krekorian, Lee, McOsker, Park, Raman, Soto-Martinez, Yaroslavsky (11); N ays: (0); Absent: Hutt, Price Jr., Rodriguez (3) (57) 23-0321 CD 14* The City Council may recess to Closed Session, pursuant to Government Code Section 54956.9(d)(1), to confer with its legal counsel relative to the case entitled City of Los Angeles v. Crest Apartments LP et al., Los Angeles Superior Court Case No. 23STCP01011. (This matter concerns the status of the court-appointed receiver of the Skid Row Housing Trust and legal paths available to the City going forward.) * Journal correction Council discussed matter in Closed Session and instructed legal counsel with respect to subject litigation. Adopted Motion (de Leon - Blumenfield) in Open Session - SEE ATTACHED Ayes: Blumenfield, de Leon, Harris-Dawson, Hernandez, Krekorian, Lee, Park, Raman, Soto-Martinez, Yaroslavsky (10); N ays: (0); Absent: Hutt, McOsker, Price Jr., Rodriguez (4) Adjourning Motions Council Adjournment ENDING ROLL CALL Wednesday - June 21, 2023 - PAGE 53  MOTIOn I MOVE that the City Clerk be directed to place on the Council Agenda for July 1, 2023, or soon thereafter as possible, the following recommendations for adoption. 1. Transfer I appropriate $55,000 in the "Food Aid-CD 2" line item in the General City Purposes Fund No. 100-56 (Account No. 000433), representing a Council District Two allocation from the Reinvestment of LAPD Funds for Impacted Communities (CF 20- 0600-83), to the Police Fund No. 100-70, Account No. 1092 (Overtime- Police Officers) for expanding the Cadet Jeopardy program at the LAPD North Hollywood Division. 2. Authorize the Police Department and the City Clerk to make any technical corrections or clarifications as necessary to the above fund transfer instructions in order to effectuate the intent of this Motion. PRESENTED BY :_ _ _.Q___,_ _ _ :._ ---=___,~_ _:_ _U PAUL KREKORIAN ak f~ JUN 2 1 2023  MOTION Council District 14 is coordinating a street banner campaign with DTLA Proud to uplift the rich history and bright future of the LGBTQIA2S+ community in Downtown Los Angeles. The banner was designed by queer DTLA residents and allies and it will serve as a tangible affirmation that Los Angeles, and Downtown LA in particular, will continue to welcome and celebrate the LGBTQIA2S+ community. I THEREFORE MOVE that the City Council, in accordance with the Los Angeles Municipal Code Section 63.132, approve a street banner program to recognize and celebrate the LGBTIQA2S+ community, as a City of Los Angeles Non-Event Street Banner Program. I FURTHER MOVE that the City Council approve the content of the attached banner design. PRESENTED BY: SECONDED BY: tifD~~ Councilmember, 141h District 0 JUN 2 1 2C23  E UN DTLA c I ( .. - • J •  TO CiTY CLERK FOR PLAC[MENT ON NEXT REGULAR COUNCIL AGENDA TO BE POSTED #53 ~tn v• 1 ~------------------------L--------J 600 San Pedro 2 LP, a Limited Partnership (Borrower), has requested that the California Municipal Finance Authority (CMFA) issue bonds issued to refund exempt facility bonds in one or more series from time to time, and at no time to exceed $15,000,000 in aggregate principal amount (the "Bonds"), to finance or refinance the acquisition, construction, improvement and equipping of a 100 percent affordable multifamily rental housing project comprised of 302 units, located at 600 South San Pedro Street in the City of Los Angeles, Council District 14 called San Pedro Phase 2 ("Project"). As a condition to the City's approval of the TEFRA Resolution for the Project, the Owner of the property shall enter into a regulatory agreement (ADA Regulatory Agreement) with the City, which ADA Regulatory Agreement shall be recorded, to affirm that {a) the Project will comply with the Americans with Disabilities Act, 42 U.S.C. Section 12101 et seq. and the 2010 ADA Standards, Chapter llA ofTitle 24 of the California Code of Regulations, Section 504 of the Rehabilitation Act of 1973, the Fair Housing Act of 1968 and the California Building Codes, (b) the Owner will not discriminate in its programs, services or activities on the basis of disability or on the basis of a person's relationship to, or association with, a person who has a disability, and (c) the Owner will provide reasonable accommodation upon request to ensure equal access and effective communication to its programs, services, and activities. As provided in the Outside Issuer Guidelines of the Los Angeles Housing Department's (LARD) Affordable Housing Bond Policies & Procedures (Bond Policies) the City generally requires that all Qualified Residential Rental Projects in the City issue bonds through LARD. The Bond Policies allow outside issuers to issue tax-exempt multifamily bonds for projects located in the City subject to conditions including execution of a Regulatory Agreement. The outside issuer and Borrower must agree to comply with all requirements of the City's Bond Policies. I THEREFORE MOVE that the Council hold a TEFRA Hearing at the City Council Meeting to be held on Wednesday, June 28, 2022 and adopt the attached TEFRA Resolution to allow CMF A to issue bonds in an amount not to exceed $15,000,000 to provide financing or refinancing for the acquisition, construction, improvement and equipping of a multifamily rental housing project located at 600 South San Pedro Street in the City of Los Angeles, Council District 14 called San Pedro Phase 2. • ~KJUN 21 2023  RESOLUTION NO._ _ _ _ __ RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LOS ANGELES APPROVING THE ISSUANCE OF THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY MULTIFAMILY HOUSING REVENUE BONDS IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $15,000,000 FOR THE PURPOSE OF FINANCING OR REFINANCING THE ACQUISITION, CONSTRUCTION, IMPROVEMENT AND EQUIPPING OF 600 SAN PEDRO PHASE 2 AND CERTAIN OTHER MATTERS RELATING THERETO WHEREAS, 600 San Pedro 2 LP (the "Borrower") a partnership of which The Related Companies L.P., a Limited Partnership (the "Developer") or a related person to the Developer is the general partner, has requested that the California Municipal Finance Authority (the "Authority") adopt a plan of financing providing for the issuance of exempt facility bonds for a qualified residential rental project pursuant to Section 142(a)(7) of the Internal Revenue Code of 1986 (the "Code") in one or more series issued from time to time, including bonds issued to refund such exempt facility bonds in one or more series from time to time, and at no time to exceed $15,000,000 in aggregate principal amount (the "Bonds"), to finance or refinance the acquisition, construction, improvement and equipping of a multifamily rental housing project located at 600 South San Pedro Street, Los Angeles, California (the "Project"); and WHEREAS, pursuant to Section 147(f) of the Code, the issuance of the Bonds by the Authority must be approved by the City of Los Angeles (the "City") because the Project is located within the territorial limits of the City; and WHEREAS, the City Council of the City (the "City Council") is the elected legislative body of the City and is one of the "applicable elected representatives" required to approve the issuance of the Bonds under Section 147(f) ofthe Code; and WHEREAS, the Authority has requested that the City Council approve the issuance of the Bonds by the Authority in order to satisfy the public approval requirement of Section 147(f) of the Code and the requirements of Section 4 of the Joint Exercise of Powers Agreement Relating to the California Municipal Finance Authority, dated as of January 1, 2004 (the "Agreement"), among certain local agencies, including the City; and WHEREAS, pursuant to Section 147(f) of the Code, the City Council has, following notice duly given, held a public hearing regarding the issuance of the Bonds, and now desires to approve the issuance of the Bonds by the Authority; NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Los Angeles as follows: Section 1. The foregoing resolutions are true and correct.  Section 2. The City Council hereby approves the issuance ofthe Bonds by the Authority. It is the purpose and intent of the City Council that this resolution constitute approval of the issuance of the Bonds by the Authority, for the purposes of (a) Section 147(f) of the Code by the applicable elected representative of the governmental unit having jurisdiction over the area in which the Project is located, in accordance with said Section 147(f) and (b) Section 4 of the Agreement. Section 3. The issuance of the Bonds shall be subject to the approval of the Authority of all financing documents relating thereto to which the Authority is a party. The City shall have no responsibility or liability whatsoever with respect to the Bonds. Section 4. The adoption of this Resolution shall not obligate the City or any department thereof to (i) provide any financing to acquire or construct the Project or any refinancing of the Project; (ii) approve any application or request for or take any other action in connection with any planning approval, permit or other action necessary for the acquisition, construction, rehabilitation, installation or operation of the Project; (iii) make any contribution or advance any funds whatsoever to the Authority; or (iv) take any further action with respect to the Authority or its membership therein. Section 5. The officers of the City are hereby authorized and directed, jointly and severally, to do any and all things and to execute and deliver any and all documents which they deem necessary or advisable in order to carry out, give effect to and comply with the terms and intent of this resolution aqd the financing transaction approved hereby. Section 6. This resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED by the City Council of the City of Los Angeles this , 2023. AYES: NOES: ABSTAIN: ABSENT: Attest: By:_ _ _ _ __ _ _ _ __ City Clerk  '~ '1 TO Cln' CLERK FOR PU\CG:iEJT m! NEXT ~ REGULAR COUNCIL AGENDA TO BE POST~D I !~~ MOTION -~ -- 600 San Pedro LP, a Limited Partnership (Borrower), has requested that the California Municipal Finance Authority (CMFA) issue bonds to refund exempt facility bonds in one or more series from time to time, and at no time to exceed $15,000,000 in aggregate principal amount (the "Bonds"), to finance or refinance the acquisition, construction, improvement and equipping of a 100 percent affordable multifamily rental housing project comprised of 302 units, located at 600 South San Pedro Street in the City ofLos Angeles, Council District 14 called San Pedro Phase I ("Project"). As a condition to the City's approval of the TEFRA Resolution for the Project, the Owner of the property shall enter into a regulatory agreement (ADA Regulatory Agreement) with the City, which ADA Regulatory Agreement shall be recorded, to afflrm that(a) the Project will comply with the Americans ·with Disabilities Act, 42 U.S.C. Section 12101 et seq. and the 2010 ADA Standards, Chapter llA of Title 24 of the California Code ofRegulations, Section 504 of the Rehabilitation Act of 1973, the Fair Housing Act of 1968 and the California Building Codes, (b) the Owner will not discriminate in its programs, services or activities on the basis of disability or on the basis of a person's relationship to, or association with, a person who has a disability, and (c) the Owner will provide reasonable accommodation upon request to ensure equal access and effective communication to its programs, serviCes, and activities. As provided in the Outside Issuer Guidelines of the Los Angeles Housing Department's (LAHD) Affordable Housing Bond Policies & Procedures (Bond Policies), the City generally requires that all Qualified Residential Rental Projects in the City issue bonds through LAHD. The Bond Policies allow outside issuers to issue tax-exempt multifamily bonds for projects located in the City subject to conditions including execution of a Regulatory Agreement. The outside issuer and Borrower must agree to comply with all requirements of the City's Bond Policies. I THEREFORE MOVE that the Council hold a TEFRA Hearing at the City Council Meeting to be held on Wednesday, June 28, 2022 and adopt the attached TEFRA Resolution to allow CMFA to issue bonds in an amount not to exceed $15,000,000 to provide financing or refmancing for the acquisition, construction, improvement and equipping of a multifamily rental housing project located at 600 South San Pedro Street in the City of Los Angeles, Council District 14 called San Pedro Phase 1. Councilmember, 14m District SECONDED BY:_~-~ ---~---------------,~~~ JUN 2 1 2023 PK  RESOLUTION NO._ _ _ _ __ RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LOS ANGELES APPROVING THE ISSUANCE OF THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY MULTIFAMILY HOUSING REVENUE BONDS IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $15,000,000 FOR THE PURPOSE OF FINANCING OR REFINANCING THE ACQUISITION, CONSTRUCTION, IMPROVEMENT AND EQUIPPING OF 600 SAN PEDRO PHASE 1 AND CERTAIN OTHER MATTERS RELATING THERETO WHEREAS, 600 San Pedro LP (the "Borrower") a partnership of which The Related Companies, L.P., a Limited Partnership (the "Developer") or a related person to the Developer is the general partner, has requested that the California Municipal Finance Authority (the "Authority") adopt a plan of fmancing providing for the issuance of exempt facility bonds for a qualified residential rental project pursuant to Section 142(a)(7) of the Internal Revenue Code of 1986 (the "Code") in one or more series issued from time to time, including bonds issued to refund such exempt facility bonds in one or more series from time to time, and at no time to exceed $15,000,000 in aggregate principal amount (the "Bonds"), to fmance or refmance the acquisition, construction, improvement and equipping of a multifamily rental housing project located at 600 South San Pedro Street, Los Angeles, California (the "Project"); and WHEREAS, pursuant to Section 147(f) of the Code, the issuance of the Bonds by the Authority must be approved by the City of Los Angeles (the "City") because the Project is located within the territorial limits of the City; and WHEREAS, the City Council of the City (the "City Council") is the elected legislative body of the City and is one of the "applicable elected representatives" required to approve the issuance of the Bonds under Section 147(f) of the Code; and WHEREAS, the Authority has requested that the City Council approve the issuance of the Bonds by the Authority in order to satisfy the public approval requirement of Section 147(f) of the Code and the requirements of Section 4 of the Joint Exercise of Powers Agreement Relating to the California Municipal Finance Authority, dated as of January 1, 2004 (the "Agreement"), among certain local agencies, including the City; and WHEREAS, pursuant to Section 147(f) of the Code, the City Council has, following notice duly given, held a public hearing regarding the is.suance of the Bonds, and now desires to approve the issuance of the Bonds by the Authority; NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Los Angeles as follows: Section l. The foregoing resolutions are true and correct. Section 2. The City Council her_eby approves the issuance of the Bonds by the Authority. It is the purpose and intent of the City Council that this resolution constitute approval of the issuance of the Bonds by the Authority, for the purposes of (a) Section 147(f) of the Code by the applicable elected representative of the governmental unit having jurisdiction over the area in which the Project is located, in accordance with said Section 147(f) and (b) Section 4 of the Agreement.  Section 3. The issuance of the Bonds shall be subject to the approval of the Authority of all financing documents relating thereto to which the Authority is a party. The City shall have no responsibility or liability whatsoever with respect to the Bonds. Section 4. The adoption of this Resolution shall not obligate the City or any department thereof to (i) provide any financing to acquire or construct the Project or any refinancing of the Project; (ii) approve any application or request for or take any other action in connection with any planning approval, permit or other action necessary for the acquisition, construction, rehabilitation, installation or operation of the Project; (iii) make any contribution or advance any funds whatsoever to the Authority; or (iv) take any further action with respect to the Authority or its membership therein. Section 5. The officers of the City are hereby authorized and directed, jointly and severally, to do any and all things and to execute and deliver any and all doctmtents which they deem necessary or advisable in order to carry out, give effect to and comply with the terms and intent of this resolution and the fmancing transaction approved hereby. Section 6. This resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED by the City Council of the City of Los Angeles this _ _ _ _,2023. AYES: NOES: ABSTAIN: ABSENT: Attest: By: _ _ _ _ _ _ _ _ __ _ City Clerk  PUBLIC WORKS MOTION A portion ofCalada Street from south ofUnion Pacific Avenue to Calada Street's southerly end is being redeveloped as an industrial cold storage building project by Noakes Land Venture, LLC. The portion of Calada Street at issue is all that remains of a longer segment of Calada Street, previously vacated by the City, which originally bisected the property located at 3690 Union Pacific Avenue. Noakes Land Venture is currently seeking the vacation of the remaining portion Calada Street south of Union Pacific Avenue (C.F. 22-0742) (VAC-£1401423). However, the issuance of a revocable permit is necessary to allow Noakes Land Venture to commence work within a portion of the public right-of-way prior to completion of the street vacation process. Issuance of the revocable permit will expedite Noakes Land Venture's redevelopment of the property located at 3690 Union Pacific Avenue and improvements to the public right-of-way that would be required as conditions of the vacation should Council approve it. I THEREFORE MOVE that the Bureau of Engineering be authorized to issue a revocable permit to Noakes Land Ventures, subject to satisfaction of the conditions for issuing such permit, to close, fence, occupy, demolish, excavate, and construct in the public right-of-way of Calada Street south ofUnion Pacific Avenue to Calada Street's southerly terminus prior to finalizing and recording the street vacation (VAC- £1401423) of a portion of this street. SECONDEDBY: ~ majs fK JUN 2 1 2023