Los Angeles

LA County Board

June 04, 2024 Item #89

Agenda Item 89

89. Los Angeles County Facilities 2 Inc. Public Leaseback Ordinance\nOrdinance for introduction authorizing a public leaseback, pursuant to\nCalifornia Government Code Section 54241 of certain real property in the City\nof Los Angeles, within the County of Los Angeles, the addresses of which are\n550 South Vermont Avenue and 3175 West 6th Street, and improvements,\nfurniture, fixtures and equipment on such property consisting of approximately\n154,793 gross square feet of existing space renovated to Class A office space,\nincluding two ground floor retail spaces of approximately 1,000 square feet\neach; an extension of the existing building floor plates to include an additional\napproximately 88,340 gross square feet of new Class A office space, for a total\nof approximately 243,133 gross square feet of Class A office space;\napproximately 12,050 gross square feet of renovated subterranean\nback-of-house support space; an elevated pedestrian walkway connecting the\nexisting office building to the terrace level of the neighboring office building\ncommonly known as 510 South Vermont Avenue; and approximately ten surface\nparking spots and landscaping, all to serve as office space and related ancillary\nfacilities for various County Departments, commissions, and staff.\nINTRODUCE, WAIVE READING AND PLACE ON THE AGENDA FOR\nADOPTION (Relates to Agenda No. 90) (24-2060)\nIII. SEPARATE MATTER 90