ORDINANCE NO. An ordinance authorizing the execution of the development agreement by and between the City of Los Angeles and Sunset Studios Holdings, LLC, a Delaware limited liability company relating to real property in the Hollywood Community Plan area, and located at 5901 Sunset Boulevard and 1515 North Bronson Avenue. WHEREAS, the City Planning Commission on April 14, 2016, approved and recommended that the City Council approve the development agreement which is attached to Council File No. by and between the City of Los Angeles and Sunset Studios Holdings, LLC, (Development Agreement) which Development Agreement is hereby incorporated by reference and which is hereby incorporated into the provisions of this ordinance; and WHEREAS, the City Planning Commission approved a 15-year term for the development agreement in lieu of the 10 years recommended by Planning Staff; and WHEREAS, after due notice, the City Planning Commission and the City Council did conduct public hearings on this matter; and, WHEREAS, pursuant to California Government Code sections 65864, et. seq., the City Planning Commission has transmitted to the City Council its Findings and recommendations; and, WHEREAS, the Development Agreements is in the public interest and is consistent with the City s General Plan and the Hollywood Community Plan; and, WHEREAS, the City Council has reviewed and considered the Development Agreement and the Findings and recommendations of the City Planning Commission. NOW, THEREFORE, THE PEOPLE OF THE CITY OF LOS ANGELES DO ORDAIN AS FOLLOWS: Section 1. The City Council finds, with respect to the Development Agreement, that: (a) It is consistent with the City s General Plan, policies and programs specified in the Hollywood Community Plan and is compatible with the uses authorized in, and the regulations prescribed for, the zone in which the real property is located; (b) The intensity, building height and uses set forth in the development agreement are permitted by or are consistent with the Hollywood Community Plan; (c) It will not be detrimental to the public health, safety and general welfare since it encourages the construction of a project which is desirable and beneficial to the public. Furthermore, the development agreement specifically permits application to the project of rules
and regulations under the Los Angeles Municipal Code Section 91.101.1 to 98.0605 relating to public health and safety; (d) It complies with all applicable City and State regulations governing development agreements; and, (e) It is necessary to strengthen the public planning process to reduce the public and private costs of development uncertainty. Sec. 2. The City Council hereby approves the Development Agreement, and authorizes and directs the Mayor to execute the Development Agreement in the name of the City of Los Angeles.
Sec. 3. The City Clerk shall certify to the passage of this ordinance and have it published in accordance with Council policy, either in the daily newspaper circulated in the City of Los Angeles or by posting for ten days in three public places in the City of Los Angeles: one copy on the bulletin board located at the Main Street entrance to the Los Angeles City Hall; one copy on the bulletin board located at the Main Street entrance to the Los Angeles City Hall East; and, one copy on the bulletin board located at the Temple Street entrance to the Los Angeles County Hall of Records. I hereby certify that this ordinance was passed by the Council of the City of Los Angeles, at its meeting of. HOLLY L WOLCOTT, City Clerk by Deputy Approved Mayor Approved as to Form and Legality MICHAEL N. FEUER, City Attorney By Pursuant to Charter Section 559,1 LAURA M. CADOGAN HURD Deputy City Attorney Date: File No. approve this ordinance on behalf of the City Planning Commission and recommend that it be adopted... [DATE] See attached report. Vincent P. Bertoni, AICP Director of Planning
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the date first written above. CITY OF LOS ANGELES, a municipal corporation of the State of California DATE: Mr. Eric Garcetti, Mayor APPROVED AS TO FORM: City Attorney Laura Cadogan Hurd, Deputy City Attorney DATE: ATTEST: Deputy DATE: SUNSET STUDIOS HOLDINGS, LLC a Delaware limited liability company Hudson Sunset Bronson, LLC a Delaware limited liability company, its sole member Hudson Pacific Properties, L.P., a Maryland limited partnership, its sole member Hudson Pacific Properties, Inc., a Maryland corporation, its general partner Name: Title: Authorized Signatory [SIGNATURE BLOCK TO BE INSERTED] APPROVED AS TO FORM: Sheppard, Mullin, Richter & Hamilton, LLP Jack H. Rubens
EXHIBIT A LEGAL DESCRIPTION OF THE PROPERTY All that certain real property located in the City of Los Angeles, County of Los Angeles, State of California, more particularly described as follows: PARCEL 1: THE NORTH 40 FEET OF LOT 5 OF PAUL AND ANGEL REYES SUBDIVISION OF THE EAST 5 ACRES OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER OF THE NORTHWEST QUARTER OF SECTION 11, TOWNSHIP 1 SOUTH, RANGE 14 WEST, SAN BERNARDINO MERIDIAN, IN THE CITY OF LOS ANGELES, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MPA RECORDED IN BOOK 1 PAGE 92 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SID COUNTY. PARCEL 2: THE SOUTH 50 FEET OF LOT 5 AND ALL OF LOTS 6, 7, 8, AND 9 OF PAUL AND ANGEL REYES SUBDIVISION OF THE EAST 5 ACRES OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER OF THE NORTHWEST QUARTER OF SECTION 11, TOWNSHIP 1 SOUTH, RANGE 14 WEST, SAN BERNARDINO MERIDIAN, IN T HE CITY OF LOS ANGELES, COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 1 PAGE 92 OF MAPS. EXCEPT THE WEST 50 FEET OF LOT 6. 30
EXHIBIT C 55 MITIGATION MONITORING PROGRAM 32