8602 North Shoshone Avenue. (Lien: $6,065.39)

(Continued from Council meeting of November 10, 2015)

CONSIDERATION OF MOTION (WESSON - PRICE) relative to the P.I.C.O. Neighborhood Council Street Banner Program.

Recommendations for Council action:

1. APPROVE, in accordance with the Los Angeles Municipal Code Section 62.132, the Street Banner Program being coordinated by the P.I.C.O. Neighborhood Council to celebrate communities and neighborhoods within the Neighborhood Council, as a City of Los Angeles Non-Event Street Banner Program for the period December 15, 2015 to December 15, 2016.
   
   
2. APPROVE the content of the street banner, as depicted in the image attached to Motion.
   
   

Community Impact Statement: None submitted.

(Public Works and Gang Reduction Committee waived consideration of the above matter)

CONSIDERATION OF MOTION (FUENTES - BLUMENFIELD) and RESOLUTION relative to the extension and replacement of Wastewater System Debt Program credit facilities.

Recommendation for Council action:

AMEND the Council action of November 25, 2015 relative to the extension and replacement of Wastewater System Debt Program credit facilities to adopt the accompanying TWENTIETH SUPPLEMENTAL RESOLUTION, which clarifies bank rating requirements as they pertain to commercial paper notes and substitutions, inasmuch as the Resolution was inadvertently omitted from the original action.

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

Community Impact Statement: None submitted.

(Energy and Environment Committee waived consideration of the above matter)

CONSIDERATION OF MOTION (RYU - HUIZAR) relative to initiating an amendment to the Development Agreement between Universal Studios LLC and the City.

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

1. INITIATE an amendment to the Development Agreement between Universal Studios LLC and the City (and a corresponding ordinance) specifying that Universal Studios would pay the public benefits allocated to Council District Four communities in Section 4.1.3(13) of the Development Agreement directly to those communities as follows:
    

   a.	$50,000 payable to the Outpost Homeowners Association
   b.	$200,000 payable to the Cahuenga Pass Property Owners Association

                                            
2. DIRECT the Department of City Planning to process the amendment to the Development Agreement expeditiously and in consultation with Universal Studios; and, REQUEST the City Attorney to prepare a draft ordinance and amendment to the Development Agreement in connection therewith.
   
   
3. FIND a public benefit, as described in the Motion, and make an exception to the City's Development Agreement Procedures to reduce from 24 days to 10 days required by Section 65868 of the Government Code, the public notice hearing period for the Council's consideration of the amendment to the Development Agreement and corresponding ordinance.
   
   
4. AMEND prior Council actions of December 18, 2013 (Council file No. 12-1657-S3) and September 23, 2014 (Council file No. 12-1657-S7) to reduce the overall amounts of the Universal Studios payments in those actions by a total of $137,500 and to delete the fund deposit instructions for the Outpost Community Funds and the Cahuenga Boulevard Improvement Funds, inasmuch as these communities benefit amounts are to be paid directly by Universal Studios to those neighborhoods as specified in the Motion; and, include the following deleted fund deposit instructions for such payments:
   
   

   a.	$37,000 (representing the first, second and third of four equal installments) to the Universal - Outpost Protection Account in the Council District Four Real Property Trust Fund No. 686
   b.	$100,000 (representing the first and second of four equal installments) to the Universal - Cahuenga Improvements Account in the Council District Four Real Property Trust Fund No. 686

                                                            
5. AUTHORIZE and DIRECT the City Clerk to process a refund of $137,500 to Universal Studios; and AUTHORIZE the Controller to waive any procedural and administrative requirements in this matter and to process this payment expeditiously.

Community Impact Statement:  None submitted.

(Planning and Land Use Management Committee waived consideration of the above matter)

CONSIDERATION OF MOTION (WESSON – HARRIS-DAWSON) relative to the Department of Neighborhood Empowerment (DONE) Street Banner Program to promote the 2016 Neighborhood Council Elections.

Recommendations for Council action:

1. APPROVE, in accordance with the Los Angeles Municipal Code Section 62.132, the Street Banner Program being coordinated by the DONE to celebrate and increase community awareness of the 2016 Neighborhood Council Elections, as a City of Los Angeles Event Street Banner Program for the period of December 15, 2015 to December 15, 2016.
   
   
2. APPROVE the content of the street banner design attached to Motion. 
   
   

Community Impact Statement: None submitted.

(Public Works and Gang Reduction Committee waived consideration of the above matter)

ATTEST: Holly L. Wolcott, CITY CLERK

By:

    Council Clerk                        PRESIDENT OF THE CITY COUNCIL