City Council

(12) 18-0269-S3 CD 14 MOTION (JURADO - HUTT) relative to accepting the sum of $100,000 paid to the Council District Fourteen (CD 14) Public Benefits Trust Fund. Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: 1. ACCEPT the sum of $100,000 paid by Downtown Live, LLC, and Marriott International, Inc., for Lightstone DTLA, LLC, the developer of a project located at 1240-1260 South Figueroa Street and 601 West Pico Boulevard (Planning Case No. ENV- 2016-2594-EIR) and Development Agreement dated August 13, 2018 (Contract No. C-131790) approved by Ordinance No. 185667, and cause this sum to be deposited into the CD 14 Public Benefits Trust Fund No. 57L/14, for the purpose of addressing blight removal, facade improvements, street cleaning, graffiti removal, etc., within CD 14. 2. 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.