Five-Year Disbursement, Gratis Lease, Gratis Leaseback Agreements, for a portion of 350 S. Figueroa Street, Los Angeles and 335 S. Flower St. Los Angeles
Summary
SCH Number
2026060804
Public Agency
Los Angeles County
Document Title
Five-Year Disbursement, Gratis Lease, Gratis Leaseback Agreements, for a portion of 350 S. Figueroa Street, Los Angeles and 335 S. Flower St. Los Angeles
Document Type
NOE - Notice of Exemption
Received
Posted
6/17/2026
Document Description
On June 9, 2026, the County of Los Angeles (County) approved the County’s execution of a five-year Disbursement Agreement (Disbursement Agreement), a five-year Gratis Lease Agreement (Lease), and five-year Gratis Leaseback Agreement (Leaseback) with 350 South Figueroa, LLC, a Delaware limited liability company (350 South Figueroa, LLC) to grant 350 South Figueroa, LLC access to 366,378 square feet of the County-owned portion of the real property referred to as the World Trade Center parking garage for the purpose of stabilization work.
Contact Information
Name
Joyce Chang
Agency Name
County of Los Angeles
Job Title
Senior Manager
Contact Types
Lead/Public Agency
Phone
Email
Location
Coordinates
Counties
Los Angeles
Regions
Citywide, Countywide, Southern California
Cross Streets
3rd St, Flower St.
Zip
90071
Parcel #
5151-011-921
State Highways
110 / 101
Railways
Pershing Square Train Station
Schools
Academy of Media Arts High School/ Hope Street Friends Preschool
Other Location Info
350 S. Figueroa Street / 333 S. Flower Street, Los Angeles, CA 90071
Notice of Exemption
Exempt Status
Categorical Exemption
Type, Section or Code
Sections 15301(a)(d)(f); 15302 (c); 15303 (d); 15311 (a) and 15332
Reasons for Exemption
The proposed actions of executing the lease, leaseback, and disbursement agreement to allow 350 South Figueroa to perform seismic retrofit work are within certain classes of projects that have been determined not to have a significant effect on the environment and meets the criteria set forth in section 15301(a),(d), and (f), 15302 (c), 15303 (d), and 15311 (a) and 15332 of the State CEQA Guidelines (Guidelines), and Classes 1(c),(i), and (u), 2(a) and (e), 3(b), and 11(d) of the County's Environmental Document Reporting Procedures and Guidelines, Appendix G which apply to repair and minor alteration of existing facilities, replacement of facilities, utility extensions to serve construction, in-fill development and accessory structures.
In addition, based on the records of the proposed activity, it will comply with all applicable regulations, and there are no cumulative impacts, unusual circumstances, damage to scenic highways, listing on hazardous waste site lists compiled, pursuant to Government Code Section 65962.5, or indications that it may cause a substantial adverse change in the significance of a historical resource that would make the exemption inapplicable.
County Clerk
Los Angeles
Attachments
Notice of Exemption
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