COUNCIL TRANSMITTAL - VARIOUS ACTIONS RELATED TO - Recommendation & Environmental Review - 2760 E.Washington Boulevard

Sep 16, 2026

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Council Transmittal for the Community Redevelopment Agency of the City of Los Angeles presents board action for June 3, 2011 approval by the City Council. It covers a public hearing and authorization to sell approximately 40,070 square feet of vacant industrial land at 2760 E. Washington Boulevard to the Ely Keenberg Revocable Trust for $1,200,000 minus escrow-related fees. It further recommends amending the Adelante Eastside Budget and Work Program to accept sale proceeds in Budget Line Item Economic Development (EA2190), while noting the CEQA exemption and outlining the expected fiscal impact and funding handling.

LanguageEnglish

CategoryLetters

FormatPDF

Pages13

Reading Time5 min

AccessFree to download

COUNCIL TRANSMITTAL

VARIOUS ACTIONS RELATED TO:

RECOMMENDATION

ENVIRONMENTAL REVIEW

FISCAL IMPACT STATEMENT

RECOMMENDATION(S)

SUMMARY

PREVIOUS ACTIONS

| CRA/LA | Community Redevelopment Agency
of the CITY OF LOS ANGELES
DATE/
JUN 32011
FILE CODE/ | | | --- | --- | --- | | 1200 West 7th Street/Suite 500
Los Angeles/California 90017-2381 | | T2139771600/F 2139771665
wwwcrala.org | Council File No. 14 Council District: David Conrad Contact Person: (213)922-7836 Dan Rios (323)307-8812 Honorable Council of the City of Los AngelesJohn Ferraro Council Chamber200 N.Spring St.Room 340,City HallLos Angeles,CA 90012 # COUNCIL TRANSMITTAL: Transmitted herewith,is a Board Memorandum adopted by the Agency Board on June 3,2011,for City Council review and approval in accordance with the "Community RedevelopmentAgency Oversight Ordinance"entitled: # VARIOUS ACTIONS RELATED TO: 2760 E.WASHINGTON BOULEVARD. PUBLIC HEARING AND ACTIONS RELATED TOSALE OF APPROXIMATELY 40,070 SQUARE FEET OF VACANT,INDUSTRIAL LAND TOTHE ELY KEENBERG REVOCABLE TRUST FOR $1,200,000 MINUS ANY ESCROWRELATED FEES,AND AMEND CRALA BUDGET TO ACCEPT SALE PROCEEDS INBUDGET LINE ITEM ECONOMIC DEVELOPMENT(EA2190)IN THE ADELANTE EASTSIDEREDEVELOPMENT PROJECT AREA.EASTSIDE REGION(CD 14) # RECOMMENDATION That the City Councilapprove(s)recommendation(s)on the attached Board Memorandum. # ENVIRONMENTAL REVIEW The recommended action is categorically exempt from the California Environmental Quality Act(CEQA),pursuant to Sections 15304 and 15330 of the State and CRA/LA CEQA Guidelines. The use of the sale proceeds and any future economic development will be brought back to theBoard once appropriate environmental review has been performed for such development. Council TransmittalPage 2 # FISCAL IMPACT STATEMENT This action will amend the Adelante Eastside Budget and Work Program in the year that thesale occurs and accept the approximate amount of $1,200,000 in Budget Line Item EconomicDevelopment(EA2190)from the sale of 2760 E.Washington Boulevard.As a practice,landproceeds are initially deposited into the project area's general revenue account andsubsequently transferred to the CRA/LA Special Revenue account at the close of the fiscalyear.In this instance,and given the Region's previously discussed funding constraints,theCRA/LA Special Revenue will remain as a Regional resource for eligible redevelopmentactivities. There is no impact on the City's General Fund as a result of this action. Christne Essel,Chief Executive OfficerA cc:Sharon Gin,Office of the City Clerk (original &3 copies on 3-hole punch)Lisa Johnson Smith,Office of the CAOlvania Sobalvarro,Office of the CLALarry Frank,Office of the MayorSteve Ongele,Office of the MayorNoreen Vincent,Office of the City AttorneyCouncilmember Jose Huizar,CD14 THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF LOS ANGELES,CALIFORNIAMEM ORANDUM DATE:JUNE 3,2011EA2760 EA2190TO:CRA/LA BOARD OF COMMISSIONERS100015100338 FROM;CHRISTINE ESSEL,CHIEF EXECUTIVE OFFICER STAFF:DAVID RICCITIELLO,REGIONAL ADMINISTRATOR DAVID CONRAD,SENIOR REAL ESTATE DEVELOPMENT AGENTDAN RIOS,ASSISTANT PROJECT MANAGER SUBJECT:2760 E.Washington Boulevard.Public hearing and actions related to sale ofapproximately 40,070 square feet of vacant,industrial land to the Ely KeenbergRevocable Trust for $1,200,000 minus any escrow related fees,and amendCRA/LA Budget to accept sale proceeds in Budget Line ltem EconomicDevelopment (EA2190) EASTSIDE Region,CD 14 # RECOMMENDATION(S) That the CRA/LA Board of Commissioners hold a public hearing pursuant to Heaith and SafetyCode Section 33431 to consider the following action(s): 1.Approve sale of approximately 40,070 square foot CRA/LA-owned land parcel at 2760 E.Washington Boulevard for$1,200,000 minus any related escrow expenses; 2.Authorize the Chief Executive Officer or Designee to execute a Purchase and SaleAgreement and take such other actions necessary to carry out this transaction; That the CRA/LA Board of Commissioners,subject to City Council Review and approval: 3.Amen

FAQs

What property is being considered for sale and to whom?

The transmittal covers the sale of approximately 40,070 square feet of vacant industrial land at 2760 E. Washington Boulevard to the Ely Keenberg Revocable Trust.

How much is the proposed sale price?

The proposed purchase price is $1,200,000, minus any escrow-related expenses.

What budget change is recommended after the sale?

The CRA/LA Board is requested to amend the CRA/LA Budget and Work Program in the sale year to accept the proceeds and place them into Budget Line Item Economic Development (EA2190).

Sep 16, 2026

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