Sec. 151.06.D. | Los Angeles City Law Search

e refunded on the expiration of the prescribed time period if all of the signs have been removed by the applicant, the owner of the signs, or the owner and the lessee of the property where the signs are placed. O. Conversion Projects: Residential, Residential to Commercial/Industrial; Rental Housing Production 1. As a condition of tentative map or preliminary parcel map approval, the Advisory Agency shall require that the applicant or their successor-in-interest pay to the city a fee of $1,492 for each unit in a residential or residential to commercial/industrial conversion project, based on the number of units in the project prior to conversion. For the year beginning July 1, 2008, and all subsequent years, the fee amount shall be adjusted on an annual basis pursuant to the formula set forth in Chapter XV. (Rent Stabilization), Sec. 151.06.D. (Automatic Adjustments). the adjusted amount shall be rounded to the nearest $50 increment. this fee shall be paid prior to approval of the final map by the city engineer . 2. All fees collected pursuant to this Subsection (Conversion Projects: Residential, Residential to Commercial/Industrial; Rental Housing Production) shall be deposited and held in the rental Housing Production Account of the los Angeles Housing Department, which account is hereby established to be administered by the los Angeles Housing Department separately from all other money expended by the Department. Money in this account shall be used exclusively for the development of low and moderate income rental housing in the city , pursuant to guidelines carrying out this purpose prepared by the Department and approved by resolution of the city council . P. Deferred Placement of Monuments Pursuant to Sec. 11.3.1.D.3. (Deferment), when the placement of monuments is to be deferred, the Bureau of engineering shall charge and collect a fee of $443 for the service of receiving and processing a bond to guarantee placement of the monuments. | 15-27 Fees | Article 15