Common Contracts
1 similar Motion contracts
MOTIONMotion • January 25th, 2024
On October 29, 2019, the Housing and Community Investment Department (“HCIDLA,” now the Housing Department, or “LAHD”), the Department of Transportation (“LADOT”), and the City Administrative Officer (“CAO”) entered into a five-year Memorandum of Understanding (MOU) outlining the parking replacement policy of LADOT Special Parking Revenue Fund Off-Street Parking Facilities when transferred to LAHD for the purpose of affordable housing development. This agreement sets requirements for the number ofparking spaces that an affordable developer must replace depending on the size and utilization rates of the parking facility.
