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Stock impact report

Palisades fire victims will see building permit fee relief during recovery [Los Angeles Times (CA)]

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Fire victims implored the council to take action, saying they had been facing financial uncertainty while working to rebuild. The Los Angeles City Council on Tuesday signed off on a plan to give financial relief to Palisades fire victims who are seeking to rebuild, endorsing the plan nearly 10 months after Mayor Karen Bass first announced it. On a 15-0 vote, the council instructed the city's lawyers to draft an ordinance that would spare the owners of homes, duplexes, condominium units, apartment complexes and commercial buildings from having to pay the permit fees that are typically charged by the Department of Building and Safety during the recovery. Forfeiting those fees is expected to cost as much as $90 million over three years, according to Matt Szabo, the city's top budget analyst. The vote comes at a time of heightened anxiety over the pace of the city's decisions on the recovery among Palisades fire victims. Bart Young, whose home was destroyed in the fire, told coun Show less Read more
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