The Los Angeles City Council, on June 4, 2024, declared the City-owned property underlying Chick Hearn Court, located between South Figueroa and Georgia Streets, as 'Exempt Surplus Land.' This declaration was made pursuant to Government Code Section 54221(f)(1)(E) and Surplus Land Act Guidelines Section 103(c)(6), as the property is a 'former street, right-of-way, or easement' intended for conveyance to an adjacent property owner. The Council found that the property does not fall under any conditions that would disqualify it as exempt surplus land, such as being within a coastal zone or adjacent to a historical unit of the State Parks System. The decision, as amended, directs the Department of General Services (GSD) to consult with the City Attorney and City Engineer to take the necessary actions to lease the City's interest in the Vacation Area, based on a valuation report or other relevant market valuation prepared by the City.