Sec. 7060-7060.7 | Los Angeles City Law Search

percentage and rounded off to the nearest whole number. vii. if after the effective date of this ordinance (Ord. No. 188,482) an owner of residential real property has exercised its rights under California Government Code, Chapter 12.75 (Residential Rental Property), Sec. 7060-7060.7 to withdraw the property from residential rent or lease or Chapter XVI. (Housing Regulations), Sec. 165.03 I.1 or Sec. 165.03 I.3 (Just Cause Evictions) of this code, with no stated intent to redevelop the property in its Notice of intent to Withdraw, paid no property relocation payments consistent with Sub-subparagraph i. (Comparable Replacement Unit), Sub-subparagraph ii. (Standardized Payment), or Sub-subparagraph iii. (Individualized Relocation Process Consistent with State Relocation Law), above, and then within five years of submitting this Notice of intent to Withdraw, the owner seeks to develop the property as demonstrated by actions described in Sub-subparagraph iv., above, the following shall apply: a) As a condition of the clearance of demolition or new construction permits, the applicant or the applicant’s successor-in-interest shall be required to pay to lAHD a fine equal to three times the relocation benefit amount that would have been paid under Sub-subparagraphs ii. (Standardized Payment) or Sub-subparagraph iii. (Individualized Relocation Process Consistent with State Relocation law), above, where the income of the former occupants is known. Where income of the former occupants is not known, the applicant shall be required to pay $250,000 per displaced occupant household. the lAHD shall not clear a demolition or new construction permit until the applicant complies with this Section (Housing Projects That Result In The Demolition Of Dwelling Units). the withholding of permits shall not apply to demolition permits or approvals that are necessary to comply with a Department of Building and Safety, lAHD , or other government order. Notice Process. When an owner seeks a dem