Housing, Community, and Economic
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ANGEL. FRANK T. MARTINEZ · .ITY OF LOS Office of the City Clerk CALIFORNIA CITY CLERK Council and Public Services KAREN E. KALFAYAN Room 395, City Hall Executive Officer Los Angeles, CA 90012 Council File Information - (213) 978-1044 General Information - (213) 978-1133 When making inquiries Fax: (213) 978-1040 relative to this matter refer to File No. CLAUDIA M. DUNN ANTONIO R. VILLARAIGOSA Chief, Council and Public Services Division MAYOR 01-2069-85 CD 8 March 23, 2006 Councilmember Parks Controller, Room 300 Chief Legislative Analyst Accounting Division, F&A City Administrative Officer Disbursement Division City Attorney Community Redevelopment Agency RE: AN EXCHANGE OF FUNDING SOURCES BETWEEN WORK OBJECTIVES FOR THE MARLTON SQUARE MIXED-USE DEVELOPMENT PROJECT AND RELATED ACTIONS At the meeting of the Council held March 8 1 2006, the following action was taken; Attached report adopted ....................................... ·~__ X__ _ Attached motion (-) adopted ................................... ·~----~ Attached resolution adopted ................................... ·~----~ FORTHWITH ...................................................... ______ Mayor concurred ...................................... ·········~~0~3~-~1~7~--0~6~ To the Mayor FORTHWITH ........ ; ....................... ········~-~x~-~ Motion adopted to approve communication recommendation(s) ...... _______ Motion adopted to approve .committee report recommendation(s) ···~----~ Ordinance adopted .............................................. _______ Ordinance number .................................... , .......... _______ Publication date ............................................... _______ \µ !L}YJ~ PLACE IN FILES ·city Clerk APR O~ 2006 er AN EQUAL EMPLOYMENT OPPORTUNITY - AFFIRMATIVE ACTION EMPLOYER .f RECENED OFFiCE OF THE MAYO ri• CITY CL.ER~:·s OFFICE R~; r i=-, 'r' r. ri Mayor's Titne'St'amp City Clerk's Time Stamp ., 2006 rlAR .IO AM 7: 51 1.ffi6 AR IO AM 7=' Q8 FORTHWITH I CITY OF LOS .t1rJGL:LES ··ITY CLERK . I BY~__,..--;::;'IDP/'PuiUTYTV SUBJECT TO MAYOR'S APPROVAL COUNCIL FILE NO. 01-2069-85 COUNCIL DISTRICT NO. 8 COµNCIL APPROVAL DATE MARCH ·8, 2006 ~ s <?) 0) ; =< - ::c- 0 RE: AN EXCHANGE OF FUNDING SOURCES BETWEEN.WORK OBJECTIVE • -r , FOF T~ ~~ON 0 a .um SQUARE MIXED-USE DEVELOPMENT PROJECT AND RELATED ACTI NS~ ::i> i,2~ ::i:: I 111~-:; ::o~ C)11 o )2 9? -n ._ ' C) 0 HAR 2 O2006 LAST DAY FOR MAYOR TO ACT "° m (10 Day Charter requirement as per Charter Section 341) DO"NOT OW THIS LINE - FOR MAYOR OFFICE USE ONLY *DISAPPROVED *Transmit objections in writing'pursuant to Charter Section 341 DATE OF MAYOR APPROVAL OR DISAPPROVAL MAR 1 7 'Z006 MAYOR ,,. kw TO THE COUNCIL OF THE- File No. 01-2069-SS CITY OF LOS ANGELES Your HOUSING, COMMUNITY, AND ECONOMIC DEVELOPMENT COMMITTEE reports as follows: Yes No 1 Public Comments XX I HOUSING, COMMUNITY, AND ECONOMIC DEVELOPMENT COMMITTEE REPORT relative to an exchange of funding sources between work objectives for the Marltori Square Mixed-Use Development Project and related actions. Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: • I 1. AUTHORIZE the Acting Chief Executive Officer, Community Redevelopment Agency ,(Agency), or designee, to increase the Purchase Order with the law firm of Goldfarb & Lipman by $83,000 from $300,000 to $383,000 for various legal services including the amendment preparation of three implementation Agreements needed for the Marlton Square single-family housing development, the condominium housing development, and retail center located on property bounded by Martin Luther King ~r. Boulevard on the north, Marlton Avenue on the east, Santa Rosalia Drive on the south, and Buckingham Road on the west.: 2. APPROVE the use of the previously allocated $1,000,000 in Urban Development Action , Grant (UQAG) funds for the Marlton Square Mixed-Use Development Project as a source of fynds for the Agency's Redevelopment Plan Amendment work objective (ST6650) to assist the Agency in. the potential merger and/or expansion of various redevelopment project are , as including Crenshaw, Creni;;haw / Slauson, Western I Slauson; Brqadway I Manchester and Vermont I Manchester as plan amendments to better achieve financial self-sufficiencies and the expansion of economic development opportunities. 3. AUTHORIZE the Mayor, or designee, to negotiate and execute.~n UDAG Cooperation Agreement in .an amqunt not to exceed $1,000,000 to provide a source of financing to the Agency's Redevelopment Plan Amendment work objective (ST6650) for eligible economic development activities as set forth in No. 3 above, subject to the'approval of the City Attorney as to form and legality. 4. AUTHORIZE the Acting Chief Executive Officer, Agency, or designee, to amend the Agency's Fiscal Y~ar 2005-06 Budget to reflect the receipt of $1 ;000,000 in UDAG funds into the ST6650 work objective. 5. AUTHORIZE the Controller, upon proper demand from the Acting Chief Executive Officer, Agency, or designee, and upon execution of the UDAG Cooperation Agreement between the C,ity and Agency, t9 transfer to the Agency an amount not to.exceed $1,000,000 to the Agency from Fund 303, Department 46, Account T240, Marlton ~quare. Fiscal Impact Statement: The Chief Legislative Analyst (CLA) reports that this action will not impact the General Fund. Approval ·of this action simply exchange funding sources between work ,objections to reflect the charc1cter of the funds. Summary: - In a report to the Housing, Cqmmunity, and Economic Development Committee dated February 27, 2006 (attached to the Council file), the CLA states that the Agency requests authorization to transfer$ 1 million from the Redevelopment Plan Amendments work objective to the Marlton Square Project to be replaced by an equal amount in UDAG previously allocated to the project. The CLA reports that this exchange or "swap" of funding,sources is necessary because the intended residential use of the UDAG funds is an ineligible activity. According to the CLA, the UDAG funds will now be used by the Agency in the preparation of necessary reports and analyses relative to the potential merger and / or expansion of various redevelopment project areas to better achieve financial self-sufficiency. The redevelopment areas under review include: Crensha~. Crenshaw/' Slauson, Western I Slauso~,I Broadway/ Manchester, and Vermont I Manchester. The studies and.reports necessary for plan amendment process include: physical and economic light analysis, environmental impact reports, and financial analysis. UDAG funds must be used for an eligible economic development activity. The proposed use of the UDAG is an eligible economic development-activity. The CLA goes on to report that the Agency also requests authority to increase its contract with Goldfarb and Lipman by .. $83,000 from $300,000 to $383,o"OO for legal services relative to the project. The Goldfarb and Lipman budget has been amended from time-to-time to reflect additional needed legal services. As the project moves into its implementation pha~e, additional outside legal counsel will be necessary for transactional services (document preparation, escrow agreements, • . 1 legal analysis and various other legal services related to acquisition, relo~ation and development). On February 2, 2006, the Agency Board of Commis.sioners approved staff recommendations for the exchange of funding sources and an increase in the Agency's work order amount with Goldfarb and Lipman, and related actions. The CLA supstantially concurs, but states that Recommendation No. 2 of the Agency report has been rendered moot by the Council action taken September 6, 2005, .relative to Marlton Square. At its meeting held February 28, 2006, the Housing, Community, and Economic Development Committee recommended that Council authorize the Agency to increase its work order amount with Goldfarb and Lipman by $83,000, as recommended by the CLA and the 1Agency Board. The 1 Committee further recommended that Council approve additional recommendations submitte.d by the CLA in Committee and as shown above. Respectfully submitted, HOUSING, COMMUNITY, AND ECONOMIC DEVELOPMENT COMMITTEE '/~· ~ MEMBER VOTE / WESSON YES REYES YES CARDENAS ABSENT fZe'PT. GARCETTI ABSENT 1 PERRY YES ADOPTED MAR O 8 2006 JAW 3/2/06 CD8 I LOS ANGELES CITY COUNCIL / #012069.sS.wpd TO nm MAYOR FORTHWITH 2 COUNCIL VOTE Mar 8, 2006 10:27:18 AM, #2 Items for which Public Hearings Have Been Held - Items 4- 51 Voting on Item(s): 4-ll,13-19,21-30,33-44,46,48-50 R0ll Call CARDENAS Yes GREUEL Yes HAHN Absent HUIZAR Yes LABONGE Absent PADILLA Yes PARKS Yes PERRY Yes REYES Yes ROSENDAHL Yes SMITH Yes WEISS Yes WESSON. Yes ZINE Yes *GARCETTI Yes Present: 13, Yes: 13 No: 0 ,, I ,• HOUSING, COMMUNITY, AND ECONOMIC DEVELOPMENT COMMITTEE NOTIFICATION OF COUNCIL ACTION j Council File No. 0 \- 2-~~ ~ S~ I ~Cou~cil Member(s) ____8___________ 1 ________ o Interested Department------------....,..--------- [' ~.Mayor ~wtthou~ file)-------------------- f Chief Legislative Analyst------------------- r:p. City Administrative Officer------------------- ~ Controller _________________________ ·o City Clerk ________________________ o City Clerk, Chief Administrative Services ------,---~-------- 1 o Treasurer-------'------.....--------__,·!________ _ "1) City Attom~y (with blue sheet I wi~eet) ____________ D. General Services Department------------------- 0 Departtpent of Transportation ---------~---,.-------- 0 Personnel Department _____________________ D Los Angeles Housing Department -----------'----------