City Council

(13) 09-1164-S1 CD 5 MOTION (YAROSLAVSKY - RAMAN) relative to accepting funds as a Public Benefit Payment from Century City Realty, LLC, developer of the project located at 10131 Constellation Boulevard and/or 1950 Avenue of the Stars, to be deposited into the City's Affordable Housing Trust fund. Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: ACCEPT the sum of $250,000 paid by Century City Realty, LLC, the developer of the project located at 10131 Constellation Boulevard and/or 1950 Avenue of the Stars, Planning Case No. CPC-2009-817-DA, in accordance with section 5.e of the First Amendment to the Development Agreement by and between the City of Los Angeles and Century City Realty, LLC, (Contract No. C-116002), and cause this sum to be deposited into the City's Affordable Housing Trust Fund - LAHD (43/44G), Revenue Source 5101 - Contributions from Non-Gov't Sources. 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 (Yaroslavsky - Raman) dated 5-17-23