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Residential Developers May Recover Excess Park Fees from the City of Los Angeles
There is an opportunity for developers who have built residential projects between 2004 and 2007 to recover some of the fees imposed by the City of Los Angeles. Between those years, the City of Los Angeles overcharged developers over $4 million for park fees payable in connection with condominium projects and for-rent residential projects requiring a zone change according to a newly released audit by City of Los Angeles Controller Laura Chick.
How Can Residential Developers Seek Reimbursement?Due to the hundreds of anticipated requests, those affected by the overcharge would be well served to submit requests to the City Planning Department as soon as possible.
To help you navigate the submission process, we have prepared a draft letter to submit on your behalf. Please contact Michael Gonzales, Tara Kamin, or Michael Kiely at (213) 622-5555 to request the draft letter or with any questions regarding eligibility and reimbursement requirements.
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