And The City Awarded The SAG Awards For The Next 3 Broadcasts Is...

LOS ANGELES (CBS) — A three-year agreement was reached Wednesday that will keep the Screen Actors Guild Awards in Los Angeles for the next three broadcasts.

The agreement is the first to be completed since the City Council enacted the special events ordinance in 2009, which created a one-stop permitting process administered by the Department of Public Works' Bureau of Street Services, according to Board of Public Works Vice President Andrea Alarcon.

The Screen Actors Guild Awards have been held at the Shrine Auditorium since their inception in 1995.

The agreement will cover the ceremonies to be held Sunday, 2012 and 2013.

"The city of Los Angeles is proud to continue hosting the SAG Awards," Alarcon said. "Special events like these are part of the fabric of this city's history as the entertainment capital of the world and they provide a great economic benefit, bringing jobs to this region."

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