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Federal Opportunity Zones

CF 18-0112      AT City Council Meeting Date: 03/06/2018 Vote Action: Adopted Vote Given: (15 – 0 – 0)

CONTINUED CONSIDERATION OF ECONOMIC DEVELOPMENT COMMITTEE REPORT and RESOLUTION relative to proposed Opportunity Zones in the City of Los Angeles.

Recommendations for Council action, as initiated by Motion (Buscaino – Price), SUBJECT TO THE CONCURRENCE OF THE MAYOR:

ADOPT the accompanying RESOLUTION to include in the City’s 2017-18 State Legislative Program, SUPPORT for the inclusion of the list (Attachment 2 to the February 26, 2018 Chief Legislative Analyst (CLA) report, attached to the Council file), as amended, of low-income Los Angeles Census Tracts for the Opportunity Zone Program, attached to the Resolution and the Council file.

INSTRUCT the CLA to evaluate the new Federal Opportunity Zones and report with recommendations on how to establish zones in the City of Los Angeles with consideration of the Promise Zones, Clean Up Green Zones, and the Transformative Climate Communities where possible.
AMEND the list of Los Angeles Census Tracts as detailed in Attachment 2 of the February 26, 2018 CLA report, attached to the Council file and Resolution, to:
Delete Census Tract No. 06037980014
Add Census Tract No. 06037297110

Fiscal Impact Statement: The CLA reports that there is no General Fund impact at this time.

Community Impact Statement: None submitted.   AMENDING MOTION 13A (O’FARRELL – MARTINEZ for CEDILLO)

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

AMEND the Economic Development Committee report to instruct the Chief Legislative Analyst to review the Promise Zone Census Tracts in Council District 13 and Council District One omitted from the list, as well as additional commercial tracts in Hollywood, for eligibility and inclusion into the final list.   AMENDING MOTION 13B (RODRIGUEZ – MARTINEZ)

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

AMEND the Economic Development Committee report to include the following Council District Seven census tracts, that were inadvertently omitted, in the list of Primary low-income Los Angeles Census Tracts for the Opportunity Zone Program:

06037104703
06037104404
06037104320
06037104701
06037104310
06037106520
06037104201
06037104203
06037104704
06037106604

  • 03/07/2018 Council action final.  Mayor Concurrence with City Council (March 7, 2018)
  • 03/07/2018 Mayor transmitted Council File to City Clerk.
  • 03/06/2018 City Clerk transmitted file to Mayor. Last day for Mayor to act is March 16, 2018.
  • 03/06/2018 Council adopted item forthwith. Amending Motion 13B (March 2, 2018), Amending Motion 13A (March 2, 2018),  Report from Economic Development Committee (February 27, 2018)
  • 03/02/2018 Council continued item to/for March 6, 2018 .   Amending Motion 13B (March 2, 2018), Amending Motion 13A (March 2, 2018),  Report from Economic Development Committee (February 27, 2018)
  • 02/28/2018 City Clerk scheduled item for Council on March 2, 2018 .  Submittal by CLA – Updated Opportunity Zone List and Resolution (February 28, 2018) , Report from Economic Development Committee (February 27, 2018) ,  Report from Chief Legislative Analyst (February 26, 2018)
  • 02/27/2018 Economic Development Committee approved as amended .  Report from Chief Legislative Analyst (February 26, 2018)
  • 02/26/2018 Chief Legislative Analyst document(s) referred to Economic Development Committee.   Report from Chief Legislative Analyst (February 26, 2018)
  • 02/26/2018 Document(s) submitted by Chief Legislative Analyst, as follows: Report from Chief Legislative Analyst (February 26, 2018)

Chief Legislative Analyst report 18-02-0174, dated February 26, 2018, relative to the Federal Opportunity Zones in Los Angeles.

  • 02/23/2018 Economic Development Committee scheduled item for committee meeting on February 27, 2018.  Report from Chief Legislative Analyst (February 12, 2018),  Motion (February 6, 2018)
  • 02/13/2018 Economic Development Committee continued item to/for February 27, 2018 .  Report from Chief Legislative Analyst (February 12, 2018),  Motion (February 6, 2018)
  • 02/13/2018 Chief Legislative Analyst document(s) referred to Economic Development Committee.  Report from Chief Legislative Analyst (February 12, 2018)
  • 02/12/2018 Document(s) submitted by Chief Legislative Analyst, as follows:  Report from Chief Legislative Analyst (February 12, 2018)

Chief Legislative Analyst report 18-02-0110, dated February 12, 2018, relative to the Federal Opportunity Zones in Los Angeles.

  • 02/09/2018 Economic Development Committee scheduled item for committee meeting on February 13, 2018.   Motion (February 6, 2018)
  • 02/06/2018 Motion document(s) referred to Economic Development Committee.  Motion (February 6, 2018)
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