8. Recommended by Office of Diversity, Equity and Inclusion Approval of Memorandum of Understanding between the Office of the City Administrative Officer, and Los Angeles World Airports, and Los Angeles Department of Water and Power, and Port of Los Angeles for Contractor Development and Bonding Program – Merriwether and Williams Insurance Services, Inc., for a term of 36 months and an amount not to exceed $1,237,737. Determine item is exempt pursuant to CEQA Guidelines Section 15060(c)(3).