The chamber also owns licensing rights to the Hollywood Walk of Fame, which would also be located in the new city.
A new Hollywood city would not gain any of those licensing rights, Calemine said.
Calemine said he also plans to recommend proposed boundaries for the new city that conform mostly to Hollywood VOTE's original application, despite the petitions received from eight different neighborhoods to be excluded from the new city.
The only changes involve shifting some land in the Cahuenga Pass from the proposed San Fernando Valley city to Hollywood, giving some small parcels near Universal City to the Valley city, and giving some land near the entrance to Griffith Park to Los Angeles.
The final decision on the Hollywood sign and the new city's boundaries rests with the nine-member commission, which will review the issue Wednesday.
The Hollywood sign and the environment around Griffith Park belong in Los Angeles,'' LaBonge said.
The Hollywood sign is 50 feet tall, 450 feet long and weighs 450,000 pounds.
The Hollywood Chamber of Commerce repairs the sign and removes the letters LAND.
I have great expectations from Hollywood Software in assisting us with the implementation process, another crucial factor for the success of deploying a system like TDS2000 at Lions Gate.
David Gajda, chief executive officer of Hollywood Software, indicated: "This new license agreement further strengthens our company's position as the market leader in theatrical distribution systems.
Hollywood Software showcased its second product, RightsMart.
com and RMS2000 are components of Hollywood Software's Digital Studio System (DSS), a fully integrated suite of applications that is being developed by Hollywood Software to strategically position and leverage content in the emerging digital world.