10132 North Laurel Canyon Boulevard. (Lien: $2,882.43)

(Continued from Council meeting of May 8, 2019)

COMMUNICATION FROM THE CITY ADMINISTRATIVE OFFICER relative to the Fiscal Year 2018-19 Year End (Fourth) Financial Status Report.

(Budget and Finance 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 the above hyperlink or go to: http://www.lacouncilfile.com for background documents.)

COMMUNICATION FROM THE CITY ADMINISTRATIVE OFFICER and RESOLUTION relative to the issuance of the 2019 Tax and Revenue Anticipation Notes for Fiscal Year 2019-20.

(Budget and Finance Committee report to be submitted in Council. If public hearing is not head in Committee, an opportunity for public comment will be provided.)

(Click on the above hyperlink or go to www.lacouncilfile.com for background documents.)

INFORMATION, TECHNOLOGY, AND GENERAL SERVICES COMMITTEE REPORT relative to the Fifth Construction Projects Report for Fiscal Year (FY) 2018-19. 

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

1. AUTHORIZE the Controller to transfer $28,347,487 between departments and funds as specified in Attachment 1 of the City Administrative Officer (CAO) report dated May 3, 2019, attached to the Council file.   
   
   
2. AUTHORIZE the Controller to transfer $2,212,089 between accounts within departments and funds as specified in Attachment 2 of the May 3, 2019 CAO report. 
   
   
3. AUTHORIZE the Controller to transfer $112,027 between departments and funds from General Obligation Bond Funds as specified in Attachment 3, of the May 3, 2019 CAO report.   
   
   
4. AUTHORIZE Controller, in accordance with Recommendation No. 1, to reimburse the General Fund with Municipal Improvements Corporation of Los Angeles (MICLA) funds, upon CAO approval and receipt of requesting department’s labor services, construction materials and supplies invoices for completed work, including the department's labor services documentation that must contain an hourly breakdown with task codes detailing the completed MICLA eligible work, relative to the respective departmental accounts designated for the following projects:
   
   
   1. North Valley (Sunland Tujunga) City Hall Renovation (Item B)
      
      
   2. Council District 8 Constituent Center (Item L)
      
      
   3. Marvin Braude Restroom Improvements (Item S)
      
      
   4. Clean Streets Satellite Facilities (Item FF)   
      
      
5. AUTHORIZE the CAO to make technical corrections, as necessary, to the transactions authorized through the May 3, 2019 CAO report, as required to implement the Mayor and Council's intentions.
   
   
6. REAPPROVE the use of $8,700,000 in MICLA funding authorized in the 2018-19 Adopted Budget for the Solar Energy Installation Municipal Facilities Project.
   
   
7. AUTHORIZE the Controller, in accordance with the ongoing defeasance of outstanding General Obligation Bonds, to reduce appropriations totaling $263,519.81 to close out the following accounts, as listed below:
   
   

   Fund	Account	Title	Amount
   15L/50	50R128	Council (100/28/001010)	$35,592.77
   15N/50	50R128	Council (100/28/001010)	8,528.63
   15U/50	50R128	Council (100/28/001010)	37,234.47
   15U/50	50R140	General Services (100/40/003180)	96.57
   16A/50	50R128	Council (100/28/001010)	44,134.80
   16A/50	50R140	General Services (100/40/001014 and 003180)	67,294.50
   16D/50	50R128	Council (100/28/001010)	31,906.94
   16J/50	50R128	Council (100/28/001010)	30,132.76
   16J/50	50R140	General Services (100/40/003180)	3,833.53
   16K/50	50R128	Council (100/28/001010)	3,944.84
   16K/50	50R140	General Services (100/40/001014 and 003180)	800.00
   		Total:	$263,519.81

 

8. AUTHORIZE Controller to transfer ineligible expenditures totaling $51,289.93 from the following General Obligation Bond funds to the Bureau of Engineering’s Operational Fund, as follows:
   
   

   	Fund	Account	Title	Amount
   From:	16J/50	50AX78	Public Works - Engineering Expense and Equipment	33,239.69
   	16K/50	50N517	Expense and Equipment	18,050.24
   			Total:	$51,289.93
   To:	100/78	006010	Office and Administrative	$51,289.93

      

Fiscal Impact Statement: The CAO reports that transfers, appropriations and expenditure authority totaling $30.67 million are recommended in the May 3, 2019 CAO report. Of this amount, $10.96 million is for transfers, appropriations, and expenditure authority to the Department of General Services, $3.07 million is for Public Works - Bureau of Street Services, and $16.64 million is for other City funds. All transfers and appropriations are based on existing funds, reimbursements or revenues. There is no immediate General Fund impact for operations and maintenance costs as a result of these recommendations.

Debt Impact Statement: The CAO reports that issuance of MICLA bonds is a General Fund obligation. The reauthorization of MICLA for the Solar Energy Installations Municipal Facilities Project would cause the City to borrow $8,700,000 at an approximate 5.5 percent interest rate over 20 years. The total estimated debt service is $14,560,000, including interest of $5,860,000. During the life of the bonds, the estimated average annual debt service is $728,000 over 20 years. Actual interest rates may differ as rates are dependent on market conditions at the time of issuance. We cannot fully predict what interest rates will be in the future. In accordance with the City’s Debt Management Policy, the City has an established debt ceiling to guide in evaluating the affordability for future debt. The debt ceiling for non-voted direct debt as a percentage of General Fund revenues is 6.0 percent. The City is currently at 4.15 percent for Fiscal Year 2018-19. The issuance of the debt for this project will not impact the City's debt capacity for non- voted approved debt as the issuance of debt for this project is already included in the debt ratio.

Community Impact Statement: None submitted.

(Budget and Finance Committee report to be submitted in Council.)

MITIGATED NEGATIVE DECLARATION (MND), MITIGATION MEASURES, MITIGATION MONITORING PROGRAM (MMP) and PLANNING AND LAND USE MANAGEMENT (PLUM) COMMITTEE REPORT relative to Vesting Tentative Tract appeals for the properties located at 1000 South Hill Street, 1000-1034 South Hill Street, and 220-226 West Olympic Boulevard.

Recommendations for Council action:

1. FIND, pursuant to California Environmental Quality Act Guidelines Section 15074(b), after consideration of the whole of the administrative record, including the MND (No. ENV-2016- 4711-MND), and all comments received, with the imposition of mitigation measures, there is no substantial evidence that the project will have a significant effect on the environment; FIND the MND reflects the independent judgment and analysis of the City; FIND the mitigation measures have been made enforceable conditions on the project; and, ADOPT the MND and the MMP prepared for the MND.
   
   
2. ADOPT the FINDINGS of the PLUM Committee as modified consistent with the Technical Corrections to the Sustainable Communities Environmental Assessment, as the Findings of Council.
   
   
3. RESOLVE TO DENY THE APPEALS filed by the Laborer’s International Union of North America, Local 300 (Representative: Richard Drury, Lozeau Drury LLP) and Charles Carnow and Antonio Mendoza, UNITE HERE Local 11, and THEREBY SUSTAIN the decision of the Los Angeles City Planning Commission (LACPC) in approving the MND, and sustaining the determination of the Deputy Advisory Agency's approval of Vesting Tentative Tract Map No. VTT-74760-1A for the merger and re-subdivision of seven lots into one lot for residential and commercial condominium purposes, for a maximum of 700 residential units and 15,000 square feet of commercial space for the properties located at 1000 South Hill Street; 1000-1034 South Hill Street; and 220-226 West Olympic Boulevard, subject to Conditions of Approval.

Applicant: Onni Capital LLC

Representative: Matt Dzurec, Armbruster Goldsmith and Delvac LLP

Case No. VTT-74760-1A

Fiscal Impact Statement:  The LACPC reports that there is no General Fund impact as administrative costs are recovered through fees.

Community Impact Statement:  None submitted.

TIME LIMIT FILE - JUNE 11, 2019

(LAST DAY FOR COUNCIL ACTION - JUNE 11, 2019)

COMMUNICATION FROM THE CHIEF LEGISLATIVE ANALYST (CLA) and RESOLUTION (BONIN - KREKORIAN) relative to establishing the City's position regarding Assembly Bill (AB) 1112 (Friedman), that would limit a local authority from imposing restrictions on shared mobility device providers.

Recommendation for Council action, SUBJECT TO THE CONCURRENCE OF THE MAYOR:

ADOPT the accompanying RESOLUTION to include in the City's 2019-20 State Legislative Program, OPPOSITION to AB 1112 (Friedman) that would limit a local authority from imposing restrictions on shared mobility device providers.

Fiscal Impact Statement:  None submitted by the CLA.  The City Administrative Officer has not completed a financial analysis of this report.

Community Impact Statement: None submitted.

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

MOTION (PRICE - WESSON) relative to funding for any aspect of the Fourth of July Community Festival and Fireworks Show at Exposition Park.

MOTION (O'FARRELL - MARTINEZ) relative to hosting a special tour of the historic spaces of City Hall for the Los Angeles Conservancy.