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All of the costs and expenses incurred in the operation, management, maintenance and control of the Monument or related thereto shall be paid by the Department from the revenues received from the operation of the Monument or from other activities or sources by the Department.
SECTION HISTORY
Added by Ord. No. 167,902, Eff. 6-13-92.
All revenues derived from the operation of the Monument or activities at the Monument, including the proceeds from any rental or lease thereof, all other revenues or monies received by the Department, and all appropriations made to the Department, shall be deposited into a special interest earning trust fund to be designated as the “El Pueblo de Los Angeles Historical Monument Revenue Fund,” which fund is hereby established. Said fund is hereinafter referred to in this chapter as the “Fund”. All interest and earnings which accrue from the investment of monies in the Fund shall accrue and be deposited to the credit of the Fund. All costs and expenses incurred in the operation, management, maintenance and control of the Monument or related thereto, shall be paid solely from the Fund. The Trust Fund shall be under the exclusive control of the Board and all expenditures and deposits shall be made in accordance with this chapter and the rules and procedures established by the Board. The monies deposited in the Fund shall be expended solely for the purposes set forth herein and shall not revert to the General Fund.
SECTION HISTORY
Added by Ord. No. 167,902, Eff. 6-13-92.
The General Fund shall not be obligated to finance any cost or expense associated with the operation, management, maintenance or control of the Monument. However, nothing shall preclude the City Council, with the approval of the Mayor, from appropriating funds for such purposes to the Department. The City Council intends that the proceeds of the bond issue authorized by the voters in 1990 (Proposition G) and designated to seismically stabilize buildings and structures in the Monument be applied for the approved purpose as determined by the Board.
SECTION HISTORY
Added by Ord. No. 167,902, Eff. 6-13-92.
(a) The Board shall have the power to enter into contracts for services and leases as it deems necessary for the operation, management, maintenance and control of the Monument. The Board shall be subject to the requirements and provisions of the City Charter and of this Code with respect to such contracting and leasing. However, the Board shall not have authority to contract with an individual or firm as a master tenant, developer, or operator of all the commercial property within the Monument, except for that portion of the Monument known as the Pico-Garnier Block.
(b) Because of the need to preserve the stability and character of Olvera Street as a Mexican marketplace, and because under the current circumstances competitive contracting of the concessions on Olvera Street would work an incongruity, would produce no advantage, and would make it impossible to preserve the Street’s unique character and its true essence and flavor, the Council hereby finds that it would be impracticable, and incompatible with the best interests of the City and the Monument, to engage in a competitive contracting process for new concession agreements for the operation of the businesses on Olvera Street. Therefore, the Board is hereby authorized to negotiate new long term concession agreements with the merchants existing on Olvera Street as of June 24, 1999 without any arbitrary or artificial limit as to their duration, but rather with such duration to be determined based on what is negotiated as being fair and reasonable in light of all the other terms and conditions negotiated for the contracts. The Board shall develop the criteria which it proposes to use in determining the lengths of the terms for the contracts so as to treat all merchants equitably regardless of the size of the particular merchant’s business. The criteria shall be submitted to the City Council for its approval prior to the commencement of contract negotiations. The Board shall provide appropriate relocation assistance whenever a continuing tenant’s business must be relocated within the Monument to meet the needs of the Monument. To the extent feasible, whenever a tenant’s business is so relocated it shall be relocated to space that is comparable space to that previously occupied by the business.
SECTION HISTORY
Added by Ord. No. 167,902, Eff. 6-13-92.
Amended by: Ord. No. 173,290, Eff. 6-30-00, Oper. 7-1-00.
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