City Council

(18)\n18-0269-S10\nCD 14\nMOTION (JURADO - HUTT) relative to the acceptance of an annual\npublic benefits payment from Lightstone DTLA, LLC to be deposited\ninto the Council District (CD) 14 Public Benefits Trust Fund.\nRecommendations for Council action, SUBJECT TO THE APPROVAL\nOF THE MAYOR:\n1. ACCEPT the sum of $100,000 paid by Downtown Live, LLC and\nMarriott International, Inc., for Lightstone DTLA, LLC, the\ndeveloper of a project located at 1240-1260 South Figueroa\nStreet and 601 West Pico Boulevard (Planning Case No. ENV2016-2594-EIR) and Development Agreement dated August 13,\n2018 (Contract No. C-131790) approved by Ordinance No.\n185667, and cause this sum to be deposited into the CD 14\nPublic Benefits Trust Fund No. 57L/14, for the purpose of\naddressing blight removal, facade improvements, street\ncleaning, graffiti removal, etc., within CD 14.\n2. AUTHORIZE the City Clerk to make any corrections,\nclarifications or revisions to the above fund transfer instructions,\nincluding any new instructions, in order to effectuate the intent\nof this Motion.