California Public Resources Code

§ 5003.18

PRC § 5003.18 Effective Jan 1, 2004Div. 5 · Ch. 1 · Art. 1

Statute text

(a)The director may lease to the City of Los Angeles a parcel, not to exceed 20 acres of unimproved real property situated in the City of Los Angeles, that parcel being a portion of the property owned by the department and commonly known as Taylor Yard.

(b)Notwithstanding subdivisions (b) and (c) of Section 5003.17, the term of the lease shall be for a period not to exceed 25 years and shall be without monetary consideration for use of the property, except that the city shall fund the development and operation of the park. The terms of the lease shall specify the nature of the city’s control of, and responsibility for the operation of, the parcel.

(c)The purpose of the lease shall be for the development and operation by the city of a local park with regional benefits containing and providing organized sports facilities that will primarily serve the youth of the Los Angeles region.

…

Legislative history

Added by Stats. 2003, Ch. 677, Sec. 2. Effective January 1, 2004.