Ordinance No. 181,574, effective 03/27/2011, amended in its entirety Transfer of Floor Area Rights in the Central City TFAR Area.  Its “purpose was to establish standards and approval procedures for the Transfer of Floor Area Rights in the Central City TFAR Area; to effect maximum coordination between the Community Redevelopment Agency and the City; to provide for the keeping of records of available Floor Area Rights within the Central City TFAR Area; to provide for an accounting of allocations of Public Benefit Payments and TFAR Transfer Payments derived from the Transfer of Floor Area Rights; and to facilitate those Transfers that generate Public Benefits.”  Moreover, the ordinance established separate procedures for transfers of less than 50,000 square feet and transfers of 50,000 square feet or greater.  (Section 14.5.1 Scope, Los Angeles Municipal Code)

• Form CP-3530 – Less than 50,000 square feet
• Form CP-3531 – 50,000 square feet or greater