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SUBJECT: PRE -APPROVED SPENDING AUTHORITY <br />DATE: JANUARY 11, 2023 PAGE 2 OF 2 <br />Council); and (3) provide funds to program awardees, subject to the LRC Program <br />budget. Like with the Fagade Improvement Program, each LRC Program budget would <br />be submitted annually for City Council approval. <br />RECOMMENDATION: <br />Provide staff with direction on whether LRC desires to proceed in negotiating an <br />amendment to the 2015 Agreement to set forth a formal process by which the LRC may <br />obtain pre -approval from the City Council to spend LRC funds on certain pre -approved <br />items. <br />ATTACHMENTS: <br />1. Amended and Restated Cooperation Agreement, dated November 17, 2015 <br />2. Packet Memorandum "Cooperation Agreement with City Council," dated <br />December 14, 2022 <br />3. Draft Amendment Language for Pre -Approved Spending Authority <br />Agenda Packet P. 10 <br />