Their backing comes ahead of a full vote of the City Council on whether to add their support to that of Los Angeles Mayor Eric Garcetti, due to take place on Tuesday (September 1).

They are expected to approve a legally binding contract with the United States Olympic Committee (USOC) that would confirm the city as USOC's choice little more than a month after Boston's bid was abandoned following huge public opposition.

Due to concerns over the clarity of the bid budget, the Committee, only set-up earlier this week, however, approved recommendations from city analysts on amendments to the USOC contract which will ensure all financial agreements would be brought back to the City Council for approval.

This would give the Council more control than initially proposed.

“Without additional information from Los Angeles 2024, the USOC or the International Olympic Committee (IOC), it is difficult to determine the fiscal impact and risk to the city of hosting the 2024 Games at this time,” City administrative officer Miguel Santana and chief legislative analyst Sharon Tso wrote in a memo to the Committee.

They could not “verify, validate or further explain” the initial budget released by bid officials, they said, adding: “Therefore, it is imperative that the city maintain its right to review and approve all agreements entered into with the USOC and the IOC and remain involved throughout the bid and review process.”

The Council were urged to adopt caution when considering the financial risks of bidding for and hosting the Games, with construction plans at the Athletes' Village highlighted as one area of concern.

Some experts warn the actual costs to build housing for 17,000 athletes may be higher than the initial plan shows.

“We’ve heard concerns that this is being hurried and that this is being rushed," said Los Angeles City Council President Herb Wesson.

"But given the way the amended Joinder Agreement is, it would appear to me what we’ve done is we’ve given ourselves more time so that this is not a rushed decision.

“It gives us the time we need to be engaged with the Committee and the Mayor.”

it is notable, though, that dissenting voices are urging caution rather than outright opposition and support appears far higher than that experienced by Boston, with backing from the city media notably higher and no comparable opposition group to No Boston Olympics having emerged. 

If the full Los Angeles City Council follow the Committee's lead and vote to rubber stamp the bid for 2024 next week, USOC are expected to formally submit it to the IOC by the deadline of September 15. 

Los Angeles would join a field which already includes Budapest, Hamburg, Paris and Rome.

Baku and Toronto are still considering bids. 

The IOC are due to choose the host city at its 130th Session in Lima in 2017. 

Related stories:
August 2015: Los Angeles City Council set-up new committee to help decide whether to bid for 2024 Olympics and Paralympics
August 2015: Los Angeles 2024 include proposed skateboarding venue as part of updated bid book
August 2015: Los Angeles 2024 release details of financial plan in new bid book
August 2015: Los Angeles City Council decision on 2024 Olympic and Paralympic bid expected next week
August 2015: Boston 2024 hit back at report into failed Olympic and Paralympic Games bid