LOS ANGELES : Audit Assails CRA’s Management of Properties
The Los Angeles Community Redevelopment Agency lost as much as $174,000 in lease payments on two properties because of deficient property management procedures, the city controller’s office found in an audit released this week.
The findings should prompt the agency to re-examine leasing procedures at all of its properties, said Deputy Controller Tim Lynch.
The controller’s office said that, in a random sampling of CRA leases, it found deficiencies in the operation of a downtown parking lot and the lease of office space in North Hollywood. Low-level staffers at the agency permitted a nonprofit group, Starscene Foundation, to sublet the North Hollywood office space and take in $45,000 in rent over three years without proper authorization from CRA executives, the audit found.
In the second case, the audit found that agency staffers forsook as much as $129,000 in rent on the downtown parking lot over seven years in order to provide parking for construction workers expanding the Grand Central Market.
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