The Los Angeles Times from Los Angeles, California • 45

Thursduy, September 18, 1986Part II ilooAnjjcleo Slimco 32 sMmImih! DEVELOP: Council IVUVo WOOl WHOLE GRAIN sweater $49 rWmi ml The City Council voted to exempt these areas from the effects of a slow-growth initiative on the November ballot: COMMUNITY CENTERS BOYLE HEIGHTS. Soto Street near Brooklyn Avenue, CENTRAL CITY NORTH, Portion! west of Chinatown. CENTRAL CITY WEST, Downtown west of the Harbor Freeway. CRENSHAW. Southwest of Crenshew and Martin Luther King Jr.

boulevards. EAST HOLLYWOOD. Near Barnsdall Park area of Sunset Boulevard. EXPOSITION PARK. ColiseumUSC area.

HARBOR GATEWAY. Junction of the San Diego and Harbor freeways. HIGHLAND PARK. Flgueroa Street between Avenues B0 and 60. HOWARD HUGHES CENTER.

San Diego Freeway at Sepulveda Boulevard. LINCOLN HEIGHTS. North Broadway, east of the Golden State Freeway. MIDTOWN. San Vicente and Venice boulevards.

PLAYA VISTA. Lincoln and Jefferson boulevards, VAN NUYS, Victory and Van Nuya boulevards. WATTS. Southeast of Century Boulevard and Compton Avenue. LAXWESTCHESTER.

North and east of airport. WESTLAKE. Between 6th and 8th atreets west of downtown. WILMINGTON, Avalon Boulevard near Anaheim Street. WOODLAND HILLSWARNER CENTER.

Northeast of Topanga Canyon and Burbank boulevards. REDEVELOPMENT PROJECTS (Some overlap with centers) ADAMS NORMANDIE. Southwest of the junction of Santa Monica and Harbor freeways. CRENSHAW CENTER. West of Crenshaw Boulevard between 39th and Stocker streets.

HOOVER EXPANSION. North of USC HARBOR INDUSTRIAL CENTER. Northeast of Alameda and Broad streets. MONTEREY HILLS. Via Marisol east of Monterey Road.

NORMANDIE. Northeast of Jefferson Boulevard and Western Avenue. NORTH HOLLYWOOD. Lenkershim Boulevard north of the Ventura Freeway. PICO UNION.

Northwest of the junction of the Santa Monica and Harbor freeways. RODEOLA CIENEGA, Southwest of Rodeo Road and La Cienega Boulevard. WATTS. Near Century Boulevard and Compton Avenue. ENTERPRISE ZONES CENTRAL CITY.

Southeast of the junction of Santa Monica and Harbor freeways, a PACOIMA. East of the junction of the Golden State and Simi Valley freewaye. WATTS. East of Avalon Boulevard between Slauson Avenue and Imperial Highway. A rugged yarn with all the natural goodness wool can offer, two-ply for a maximum Vt' mentof warmth.

3667 Oatmeal, pebble, olive drab, midnight, brown Imported a Bantu. Mnnlna. ta borhood leader from her district told the council it would be the "Neighborhood Destruction Ordinance" for the Westchester area by allowing too much development. Some developers that could potentially be affected by the initiativeand would be exempted under the council ordinance are major campaign contributors with large projects under way or pending. They include Cadillac Fair-view, a huge firm that is developing a large industrial park near the junction of the San Diego and Harbor freeways, and Tooley which is developing the massive Howard Hughes Center office and hotel project near Sepulveda Boulevard and the San Diego Freeway.

Voting for the council ordinance were Russell, Picus, Cunningham, Michael Woo, Gilbert Lindsay, Robert Farrell, Hal Bernson, Richard Alatorre and Joan Milke Flores. Opposing the ordinance were Ya-roslavsky, Braude, Ernani Bernardi and Joel Wachs. Times researcher Tracy Thomas contributed to this article. IS mean w'irMm rSkH, I 1 6 Beverlv Hills South Coast Plaza Gallerla at South Bay Pasadena La Jolla San Diego Open 7 Days a Week Call 1-800-237-6777 for a Free Catalogue It Information i I Starts Thurs. cry sept.

18 thru Sun. rf Sept. 28 -r-r A Misses' Fall Sportswear wardrobe Sale! Build an exciting wardrobe of options! 1 Continued from Page 1 Department. City officials say they do not know how many projects would be exempted by those provisions, although some city planners estimate it could be several hundred, In addition, the council measure uses an unusual procedural devicerelabeling properties with new zoning designations to try to deflect the initiative's restrictions from a series of commercial centers, redevelopment projects and so-called "enterprise zones" where development is being encouraged in low-income areas. It was that zone-changing procedure that the city attorney's office said could not be made without notifying surrounding property owners and holding public hearings.

Supporters of the council ordinance said hearings were not required, and noted that the measure had to move ahead quickly to take effect before the November election. The ordinance is expected to receive final approval next week and become effective 30 days later. How the council ordinance would interact with the initiative, should it be approved, is another legal controversy and one apparently that will be resolved in the courts. City attorney's office lawyers have said that where the initiative and the ordinance conflict, the initiative would prevail. And making exemptions of additional commercial areas would probably set up such conflicts, they have said.

Although attorneys with Latham Watkins, a prominent law firm that represents many developers, and another private law firm presented the council Wednesday with opinions suggesting that the ordinance and the initiative are not in conflict, backers of the initiative disagreed. Braude criticized his colleagues for confusing the intent of the initiative with a "series of exemptions and series of special privileges" for developers. "I was an author of the initiative and I'll tell you what our intent was that there would be no exceptions," he said. "Is the city attorney's office going to become a subsidiary of Latham Watkins?" But Valley Councilwoman Joy Picus, who has been a supporter of the initiative, said, "I think we can have both" the initiative and the ordinance. And Councilman Dave Cunningham, who has sought to foster development in his Southwest Los Angeles district, said that without additional exemptions the initiative would "greatly impair" development in minority communities.

Russell has labeled the council measure the "Neighborhood Protection Ordinance," but one neigh- DWP Continued from Page 1 month, if the investment adviser can find alternative investments that are equal and qualify for our plan, they will recommend those and we can act," he said. In voting for the plan, Walter Zelman, a board member who had pushed for divestiture, said he was pleased with the compromise plan. He called it "cleaner and stronger without a timetable." "This starts right now. In some respects, we're going to see faster in this department how divestiture is working than in other departments," he said. John Pulskamp, first vice president of the Water and Power Retired Employees whose 8,000 members are beneficiaries of the plan and whose membership has been vocal against divestiture, said he was also pleased with the compromise.

No one could say how much of the $135 million in DWP stocks and bonds in companies with South African connections might be sold under the new policy. For example, among its investments in companies that do business in South Africa are 105,000 shares of IBM stock, currently worth $14.5 million. But Rich Goss, retirement plan manager, said it would be difficult to find a comparable stock to replace IBM. In addition, Goss said that the board, following the advice of its investment advisers, last week purchased 100,000 shares of Chevron stock and 150,000 shares of Mobil stock at a total cost of $9.9 million. Both of those companies maintain South African ties, Goss said.

Under the new policy, the retirement board can ask its investment advisers to seek similar investments with no South African ties. But if they cannot be found as in the case with Chevron and Mobilthose purchases in South African-related stocks and bonds could still be made, Goss said. Deputy Mayor Tom Houston said the Bradley administration was disappointed that the policy did not go farther but said he was generally pleased. "Our intent is to see how it works in practice and if it is not making progress toward total divestiture, we'll have to do something stronger," he said. Bon Jour Gitano A.

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