- 7 - Id.2 The transfer of building density typically was accomplished by the first landowner’s recording a covenant running with the land against the first landowner’s property in favor of the second landowner’s property.3 Neither the City nor CRA transferred FAR to MTP in connection with Phases I, II, and III of the Ownership Participation Agreement (OPA)4 between CRA and MTP under section 418 of the CBD Plan. 2. Buildable Area Limits Imposed by the Los Angeles City Charter In addition to the maximum FAR imposed by the CBD and BH Plans, the Los Angeles City Charter (City Charter) restricted development to 13 times the buildable area of the building site. CRA could grant a landowner a variation to exceed the maximum FAR limits of the CBD and BH Plans; however, CRA could not permit by variation construction of a building in excess of the City Charter’s 13-to-1 limitation. 3. Treatment of the Library Square Tract as One Building Site Under the City Charter, the Library Tower and Grand Place Tower parcels were separate building sites. If the Library Tower and Grand Place Tower parcels were treated as separate building 2See Mitsui Fudosan (U.S.A.), Inc. v. County of Los Angeles, 268 Cal. Rptr. 356, 357-359 (Ct. App. 1990). 3 See id. at 358. 4 See discussion at par. D of the Findings of Fact below pp. 9-11.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011