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City Council 9 05/16/2023 <br />Councilmember Penaloza spoke regarding renter and landlord costs and spoke in <br />opposition to the item. <br />Discussion ensued regarding costs and fees, capital improvement petitions analysis, <br />and compliance. <br />Mayor Amezcua spoke in opposition to the item. <br />The substitute motion carried, 4-3, by the following roll call vote: <br />AYES: <br />NOES: <br />ABSTAIN: <br />ABSENT: <br />COUNCILMEMBER HERNANDEZ, COUNCILMEMBER PHAN, <br />COUNCILMEMBER VAZQUEZ, MAYOR PRO TEM LOPEZ <br />COUNCILMEMBER BACERRA, COUNCILMEMBER PENALOZA, <br />MAYOR AMEZCUA <br />NONE <br />NONE <br />Status: 4 – 3 - Pass <br />10.Periodic Quarterly Report of Investments as of March 31, 2023 <br />Department(s): Finance and Management Services <br />Recommended Action: Receive and file. <br />11.Fiscal Year 2022­2023: Third Quarter Budget Update and Appropriation Requests <br />Department(s): Finance and Management Services <br />Recommended Action: <br />1. Receive and file the fiscal year 2022­2023: Third Quarter Budget Update. <br />2. Approve the recommended appropriation adjustments with a net General Fund impact <br />of $1,784,000 ($1,500,000 for Business Interruption Grant, $3,900,000 for Main Library <br />Transformation and Newhope Library Tenant Improvement, and reduction of $3,616,000 <br />transfer from General Fund to the Cannabis Public Benefit Fund) (requires five <br />affirmative votes). <br />12.Receive and File the Certification of Approval by City Engineer of the Final Tract <br />Map 2022­1, County Tract Map No. 19142 (830 South Harbor Blvd.) (Applicant: City <br />Ventures and MAS Investments LP) <br />Department(s): Public Works Agency <br />Recommended Action: Receive and file the certification of approval by City Engineer of <br />the Final Tract Map 2022­1. <br />MOTION: Councilmember Bacerra moved to approve the recommended action <br />for Item No. 12 as part of the Consent Calendar, seconded by Mayor Amezcua.