(a) Creation of the Fund. There is hereby created within the Office of the City Clerk of the City of Los Angeles a Fund, which is known as the “Sunshine Canyon Community Amenities Trust Fund”, referred to in this chapter as the “Fund”.
(b) Purpose of the Fund. The Fund may be used for the purpose of financing community amenities within the City of Los Angeles, within five miles of the Sunshine Canyon landfill.
The City Council shall establish a Sunshine Canyon Community Amenities Oversight Committee selected by the City Councilmember(s) of the area designated. The oversight committee shall advise on the projects and the related priority.
(c) Appropriations to the Fund.
(1) The Controller is authorized to deposit payments into the Fund from Browning-Ferris Industries of California, Inc. (BFI) under the terms of the Settlement Agreement between the City of Los Angeles and BFI executed October 25, 1994.
(2) The City Clerk is hereby directed to request annual appropriations to the Fund in the amount of the franchise fee derived from Sunshine Canyon, excluding the fee attributed to trash hauled by the City of Los Angeles for each fiscal year.
(d) Expenditures from Fund. Appropriations from the Fund shall be authorized upon recommendation by the Councilperson of the district and adoption of a resolution by the City Council on a project-by-project basis. Expenditures of interest and other earnings attributable to monies in the Fund may be authorized by the Councilperson of the district.
(e) Interest. All interest and other earnings attributable to monies in the Fund shall be credited to the Fund and shall be devoted to the purposes set forth in Subsection (b) or to environmentally-related benefits to the community including developing plans for how the City will handle its waste, reuse and recycling in the future.
SECTION HISTORY
Chapter and Section Added by Ord. No. 171,420, Eff. 1-2-97.
Amended by: Subsec. (e) added, Ord. No. 172,076, Eff. 7-24-98, Oper. 1-2-97; Chapter and Section, Ord. No. 172,905, Eff. 1-7-00; Subsecs. (d) and (e), Ord. No. 176,284, Eff. 12-25-04.