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AgdaPkt 2019-01-28 Joint SA PFA
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AgdaPkt 2019-01-28 Joint SA PFA
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Last modified
10/2/2020 10:35:29 AM
Creation date
1/24/2019 4:28:15 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
1/28/2019
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6.D. - Page 70 of 170 <br />Request for Qualifications: <br />General Park Building Construction, Retrofit, Maintenance, and/or Repairs <br />Los Angeles Administrative Code S 10.40.1(li) <br />(h) "City Financial Assistance Recipient" means any person who receives from the City <br />discrete financial assistance in the amount of One Hundred Thousand Dollars ($100,000.00) <br />or more for economic development or job growth expressly articulated and identified by <br />the City, as contrasted with generalized financial assistance such as through tax legislation. <br />Categories of such assistance shall include, but are not limited to, bond financing, planning <br />assistance, tax increment financing exclusively by the City, and tax credits, and shalt not <br />include assistance provided by the Community Development Bank. City staff assistance <br />shalt not be regarded as financial assistance for purposes of this article. A loan shall not be <br />regarded as financial assistance. The forgiveness of a loan shall be regarded as financial <br />assistance. A loan shall be regarded as financial assistance to the extent of any differential <br />between the amount of the Loan and the present value of the payments thereunder, <br />discounted over the life of the loan by the applicabte federal rate as used in 26 U.S.C. <br />Sections 1274(d), 7872(f). A recipient shall not be deemed to include lessees and <br />sublessees. <br />Los Angeles Administrative Code § 10.37.1(i) <br />(i) "Public lease or license". <br />(a) Except as provided in (i)(b), "Public lease or license" means a tease or license of City <br />property on which services are rendered by employees of the public lessee or ticensee <br />or sublessee or sublicensee, or of a contractor or subcontractor, but only where any of <br />the following applies: <br />(1) The services are rendered on premises at least a portion of which is visited by <br />substantial numbers of the public on a frequent basis (including, but not limited <br />to, airport passenger terminals, parking lots, golf courses, recreational facilities); <br />or <br />(2) Any of the services could feasibly be performed by City employees if the awarding <br />authority had the requisite financial and staffing resources; or <br />(3) The DAA has determined in writing that coverage would further the proprietary <br />interests of the City. <br />(b) A public lessee or licensee will be exempt from the requirements of this article subject <br />to the following limitations: <br />(1) The lessee or licensee has annual gross revenues of less than the annuat gross <br />revenue threshold, three hundred fifty thousand dottars ($350,000), from business <br />conducted on City property; <br />(2) The lessee or licensee employs no more than seven (7) people total in the <br />company on and off City property; <br />(3) To qualify for this exemption, the lessee or licensee must provide proof of its <br />gross revenues and number of people it employs in the company's entire <br />workforce to the awarding authority as required by regulation; <br />(4) Whether annual gross revenues are less than three hundred fifty thousand dollars <br />($350,000) shall be determined based on the gross revenues for the last tax year <br />prior to application or such other period as may be established by regulation; <br />(5) The annual gross revenue threshold shall be adjusted annually at the same rate <br />and at the same time as the living mage is adjusted under- section 10. 37.2 (a); <br />(6) A lessee or licensee shall be deemed to employ no more than seven (7) people if <br />the company's entire workforce worked an average of no more than one thousand <br />two -hundred fourteen (1,214) hours per month for at least three-fourths (3/4) of <br />the time period that the revenue limitation is measured; <br />(7) Public leases and licenses shall be deemed to include public subleases and <br />sublicenses; <br />(8) If a public lease or license has a term of more than two (2) years, the exemption <br />granted pursuant to this section shall expire after two (2) years but shall be <br />renewable in two-year increments upon meeting the requirements therefor at the <br />time of the renewal application or such period established by regulation. <br />IMPORTANT — RESPONDERS MUST SUBMIT ALL REQUIRED FORMS (COMPLETELY FILLED OUT) BY RFQ <br />SUBMITTAL DEADLINE. <br />Page 64 of 103 <br />153 <br />
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