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CC - Consideration of Submitting a Response to the Request for Proposals for the Environmental Impact Bond (EIB) Challenge Issued by Quantified Ventures, The Rockefeller Foundation, and Neighborly, for a Project to Extend the Ballona Creek Bike Path.
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Meeting Date: May 29, 2018
Contact Person/Dept: Jesse Mays, Assistant to the City Manager
Elaine Gerety-Warner, Community Development Department
Ashley Hefner, Community Development Department
Phone Number: City Manager's Office (310) 253-6000
Community Development Department (310) 253-5700
Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X]
Public Hearing: [] Action Item: [X] Attachments: [X]
Commission Action Required: Yes [] No [X] Date:
Public Notification: (E-Mail) Meetings and Agendas - City Council (05/23/18);
Department Approval: John Nachbar, City Manager (05/22/18), Sol Blumenfeld, Community Development Director (05/22/18)
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RECOMMENDATION
Staff recommends the City Council consider directing staff to prepare and submit an application in response to the Request for Proposals for the Environmental Impact Bond (EIB) Challenge issued by Quantified Ventures, The Rockefeller Foundation, and Neighborly.
BACKGROUND
At the City Council Strategic Planning Retreat on May 18, 2018, the City Council heard a report from Quantified Ventures on the Environmental Impact Bond (EIB) Design Challenge. Mayor Thomas Small requested that the City Council discuss at a future meeting a response to the Request for Proposals (RFP) for the EIB Challenge as a possible path to funding an extension of the Ballona Creek bike path.
The City Council's Strategic Plan Goals 2 and 3 call for enhancement for the "restoration and utilization of Ballona Creek," improvement of "traffic circulation," and reduction in "traffic congestion." Extending the Ballona Creek multi-use path ...
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