Los Angeles City Council, Journal/Council Proceeding
Wednesday, August 9, 2017
JOHN FERRARO COUNCIL CHAMBER ROOM 340, CITY HALL 200 NORTH SPRING STREET, LOS ANGELES, CA 90012 - 10:15 AM

SPECIAL COUNCIL MEETING



(For further details see Official Council Files)

(For communications referred by the President see Referral Memorandum)

ROLL CALL
Members Present: Bonin, Buscaino, Cedillo, Englander, Harris-Dawson, Huizar, Krekorian, Martinez, O'Farrell, Price, Rodriguez, Ryu and President Wesson (13); Absent: Blumenfield and Koretz (2)
Items for which Public Hearings Have Not Been Held - (10 Votes Required for Consideration)
ITEM NO. (40) 15-1194-S1
15-1194-S1
CD 13

MOTION (O'FARRELL - PRICE) relative to the expenditure of funds for the acquisition of the Dolby Theater located at 6801 Hollywood Boulevard.

 

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

  1. AUTHORIZE the Controller to expend $100,000 from Fiscal Year 2016-17 Capital Finance Administration Fund No. 100/53, Account No. 000321, MICLA Refunding of Commercial Paper for the acquisition of the Dolby Theater.

  2. AUTHORIZE the Controller to expend $3,000 from Fiscal Year 2017-18 Capital Finance Administration Fund No. 100/53, Account No. 000343, MICLA 2012-C Refunding of MICLA Series 2002 - AQ, AR, AU, T for closing costs associated with the acquisition of the Dolby Theater.

  3. AUTHORIZE the Controller to make any technical adjustments or corrections that may be required to implement these instructions.

 

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

 

 

 

 

Adopted, (13); Absent: Blumenfield
, Koretz
(2)
Whereupon the Council did adjourn.
Signature

 

ATTEST:  Holly L. Wolcott, CITY CLERK

 

 

 

By

          Council Clerk                                PRESIDENT OF THE CITY COUNCIL