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Council extends authority for CRA to negotiate advance funds for plaza project owner participation agreement
3588614 · May 16, 2025
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Summary
The council extended authority for the Community Redevelopment Agency to negotiate advance funds and extended the deadline to execute an owner participation agreement for a plaza project to June 28, 2002, so entitlements and financing could align.
The Los Angeles City Council on Dec. 21 adopted findings and extended the Community Redevelopment Agency’s (CRA) authority to negotiate advance funds related to a plaza project and its owner participation agreement (OPA), approving an extension to June 28,…
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