Los Angeles Municipal Code Art. 22 Granada Hills – Knollwood District Plan Amendment – Circulation Study

AND INFRASTRUCTURE IMPROVEMENT FUND

Section

(a) There is hereby created within the Treasury of the City of Los Angeles a special fund known as the “ Granada Hills – Knollwood District Plan Amendment Circulation Study and Infrastructure Improvement Fund” hereinafter referred to as the “Fund” to be administered by the Planning Department.

(b) The Fund shall be used for the deposit of monies collected by the Planning Department pursuant to the conditions of approval of any Tentative Tract Map and Parcel Map in the area of Granada Hills located north of Rinaldi Street, west of Balboa Boulevard, south of the north City Boundary and east of Aliso Canyon Creek. Monies may also be contributed to the Fund by appropriation of City funds and by donations from individual developers.

(c) The monies from the Fund shall only be expended to:

(1) Prepare a transportation study for use in the Environmental Impact Report which must be prepared for the Granada Hills-
Knollwood District Plan Restudy: and

(2) Provide for actual roadway improvements to the circulation system of the area.

(d) All interest or other earnings from money received into the Fund shall be credited to the Fund and shall be devoted to the purposes set forth herein.

(e) The monies from the Fund shall be expended as authorized by the Director of Planning or the Director’s duly authorized representative for amounts equal to or less than $100,000.00. No individual expenditure in an amount more than $100,000.00 may be made from the Fund without concurrent approval by the City Council.

SECTION HISTORY

Added by Ord. No. 164,562, Eff. 5-4-89.