Recommendation to adopt resolution authorizing City Manager, or designee, to execute an Agreement with the Economic Development Corporation of Los Angeles County, a California non-profit corporation, for the commissioning of a report regarding the potential implications of a minimum wage policy for the City of Long Beach, in an amount not to exceed $65,000; and Increase appropriations in the General Fund (GF) in the Economic and Property Development Department (EP) by $65,000. (Citywide)
Thank you. Item five relates to our agreement with the L.A. EDC on the minimum wage, as well as the nonprofit and business incentive agenda item that passed out of this council, I think unanimously. The only change here is going to be in discussions with L.A., EDC and staff. They're recommending that we add a contingency even though we think we're going to stay within the 65. If there is additional outreach that needs to happen to the business community in particular, include more of their of the of that voice or workers. We want to make sure we have that in place and don't have to stop the process and come back to council. So this is the recommendation from the city attorney and city staff. So the contingency would be a $10,000 additionally to the 65, of course, to be used only if necessary as part of the contract. There is a motion any second, any public comment on concerned calendar item. Say Nonmembers, please cast your votes. Motion carries. Thank you. And moving on now to item. And I believe we're going to do the first source item, which, if I can have the clerk read, should be item number 11.