A-4. 24-347 CC - ACTION ITEM: (1) Report on and Discussion of Potential Development of a Culver City Minimum Wage Ordinance (MWO) that is Similar to the City of Los Angeles' Minimum Wage Ordinance (MWO); (2) Approval of a Professional Service Agreement with Berkeley Economic Advising and Research (BEAR) in an Amount Not-to-Exceed $145,000 for conducting an Economic Impact Study of a Potential Minimum Wage Ordinance and Project Management; (3) If Desired: Approval of a Professional Service Agreement with Berkeley Economic Advising and Research (BEAR) in an Additional Amount Not-to-Exceed $37,000 to Study the Economic Impact of Implementing a Potential Minimum Wage Ordinance (MWO) Similar to the City of Los Angeles' Minimum Wage Ordinance (MWO); (4) FOUR-FIFTHS VOTE REQUIREMENT: Approval of a Budget Amendment Appropriating an Additional Amount of $37,000 from General Fund Unassigned Fund Balance; and (5) Direction to the City Manager as Deemed Appropriate.