City Council

(14) 18-1206-S2 CD 14 MOTION (DE LEON - RODRIGUEZ) relative to the acceptance of funds from Onni Capital, LLC, the developer of a project located at 1000 South Hill Street, 1000-1034 South Hill Street, and 220-226 West Olympic Street; to be deposited into the Council District 14 Public Benefits Trust for the purpose of future affordable housing within Council District 14. Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: ACCEPT the sum of $3,594,000 paid by Onni Capital, LLC, the developer of a project located at 1000 South Hill Street, 1000-1034 South Hill Street, and 220-226 West Olympic Street, Planning Case No. CPC-2016-4710-TDR-MCUP-SPR, and cause this sum to be deposited into the Pershing Square Special Fund, Fund No. 58Q/89 and APPR Account No. 89N865. ACCEPT the sum of $2,300,000 paid by Onni Capital, LLC, and cause this sum to be deposited into the Council District 14 Public Benefits Trust Fund No. 57L, for the purpose of future affordable housing within Council District 14. AUTHORIZE the City Clerk to make any corrections, clarifications or revisions to the above fund transfer instructions, including any new instructions, in order to effectuate the intent of this Motion. Motion (de Leon - Rodriguez) dated 1-18-23