CONSIDERATION OF MOTION (PRICE - WESSON) relative to the submission of an application to the U.S. Department of Housing and Urban Development (HUD) to advance the Section 108 loan process in connection with the Los Angeles Football Club (LAFC) Stadium Ancillary Project.

Recommendations for Council, SUBJECT TO THE APPROVAL OF THE MAYOR:

1. FIND that the LAFC Stadium Ancillary Project and accompanying City Loan meet the National Objective, Eligible Activities and Public Benefits pursuant to the Code of Federal Regulations (CFR); and that said project is necessary and appropriate to accomplishing the City's economic development objectives.
   
   
2. AUTHORIZE the General Manager, Economic and Workforce Development Department (EWDD), or designee, to apply for a $22,500,000 Section 108 loan, subject to HUD review and approval on eligibility and underwriting requirements and granting the accompanying request to waive 24 CFR 570.209(b)(3)(ii)(B), if necessary with such loan funds to provide financial assistance for the development of the LAFC Stadium Ancillary Project.
   
   
3. APPROVE the City Loan as described in the Motion, attached to the Council file, subject to environmental assessments of the LAFC Stadium Ancillary Project to be in compliance with the California Environmental Quality Act and the National Environmental Policy Act.
   
   
4. AUTHORIZE the General Manager, EWDD, or designee, upon HUD approval, to:
   
   
   1. Negotiate and execute a City Loan Agreement and related documents for a City loan of up to $22,500,000 to  LAFC Section 108, LLC, as detailed in the term sheet, attached to the Motion and Council file, for reasonable and eligible development costs of the LAFC Stadium Ancillary Project, subject to approval of the City Attorney as to form and legality.
      
      
   2. Negotiate and execute a Promissory Note in favor of HUD and related documents to borrow up to $22,500,000, pursuant to the Section 108 Loan Guarantee Program, subject to approval of the City Attorney as to form and legality.
      
      
   3. Negotiate and execute any amendment of the HUD documents that may be needed, subject to approval of the City Attorney as to form and legality.
      
      
   4. Negotiate and execute agreements that will subordinate the City Loan to a construction or a permanent loan, and also other amendment(s) to the City Loan Documents relative to the intent of this Motion, subject to the approval of the City Attorney as to form and legality.
      
      
   5. Prepare Controller instructions, with concurrence from the City Administrative Officer (CAO), including any future technical adjustments relative to the intent of this transmittal; and, Request the Controller to implement these instructions.
      
      
5. AUTHORIZE the Controller to:
   
   
   1. Establish new account 22N680 LAFC Section 108 Project and appropriate $22,500,000 within Fund No. 43F of the EWDD Section 108 Loan Guarantee Program.
      
      
   2. Expend funds upon proper request of the General Manager, EWDD, or designee.

Fiscal Impact Statement:  Neither the CAO nor the Chief Legislative Analyst has completed a financial analysis of this report.

Community Impact Statement:  None submitted.

(Economic Development Committee waived consideration of the above matter)

CONSIDERATION OF MOTION (WESSON - MARTINEZ) relative to the order and letter designation for the four ballot measures to be placed on the November 8, 2016 State of California General Election.

Recommendations for Council action:

1. ADOPT the following order and letter designation requests for the four ballot measures to be placed on the November 8, 2016 State of California General Election:
   
   

   1st Measure:	HOMELESSNESS REDUCTION AND PREVENTION, HOUSING, AND FACILITIES BOND. PROPOSITION H
   2nd Measure:	AFFORDABLE HOUSING AND LABOR STANDARDS RELATED TO CITY PLANNING. INITIATIVE ORDINANCE J
   3rd Measure:	CITY OF LOS ANGELES DEPARTMENT OF WATER AND POWER (DWP). CHARTER AMENDMENT 1
   4th Measure:	CITY OF LOS ANGELES FIRE AND POLICE PENSIONS; AIRPORT PEACE OFFICERS. CHARTER AMENDMENT 2

    
2. DIRECT the City Clerk to transmit the ballot order and letter request designation adopted by this Motion to the Los Angeles County Registrar-Recorder without delay.
   
   
3. AUTHORIZE the Council President to propose alternate letter designations to the Los Angeles County-Registrar-Recorder in the event that the requested designations are not available.
   
   

Community Impact Statement:  None submitted.

(Rules, Elections, Intergovernmental Relations, and Neighborhoods Committee waived consideration of the above matter)

ADOPTED

SUBSTITUTE MOTION (WESSON - MARTINEZ)

Recommendations for Council action:

1. ADOPT the following order and letter designation requests for the four ballot measures to be placed on the November 8, 2016 State of California General Election:
   

   1st Measure:	HOMELESSNESS REDUCTION AND PREVENTION, HOUSING, AND FACILITIES BOND. PROPOSITION H
   2nd Measure:	AFFORDABLE HOUSING AND LABOR STANDARDS RELATED TO CITY PLANNING. INITIATIVE ORDINANCE J
   3rd Measure:	CITY OF LOS ANGELES DEPARTMENT OF WATER AND POWER (DWP). CHARTER AMENDMENT R
   4th Measure:	CITY OF LOS ANGELES FIRE AND POLICE PENSIONS; AIRPORT PEACE OFFICERS. CHARTER AMENDMENT S

    
2. DIRECT the City Clerk to transmit the ballot order upon adoption to the Los Angeles County Registrar-Recorder without delay.
   
   
3. AUTHORIZE the Council President to propose alternate letter designations to the Los Angeles County-Registrar-Recorder in the event that the requested designations are not available.
   
   

ATTEST: Holly L. Wolcott, CITY CLERK

By:

     Council Clerk                                        PRESIDENT OF THE CITY COUNCIL