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Los Angeles City Council Rejects Settlement Proposal in Mills Act Contract Enforcement Lawsuit for Jardinette Apartments

  • When: 2023/10/24
  • Address: 5128 West Marathon Street
  • City: Los Angeles
  • State: CA
  • Category: Contract
  • Asset Class: Multifamily
  • Property Type: Low-Rise

The Los Angeles City Council voted to reject a settlement proposal in the lawsuit "737 - 747 N Western Opportunity Owner LLC v. City of Los Angeles, et al." The lawsuit, Los Angeles Superior Court Case No. 23STCP01475, concerns the City's enforcement of the Mills Act Contract for the Jardinette Apartments, located at 5128 West Marathon Street. The Mills Act offers property tax relief for owners of historic properties who agree to maintain them. By adopting a motion presented by Councilmembers Soto-Martinez and Harris-Dawson, the Council opted to reject the proposed settlement, indicating a decision to continue litigation or maintain its stance on contract enforcement.

Source

Ownership - 737 - 747 N Western Opportunity Owner LLC