A real estate company whose 35-story residential tower is a major part of the federal bribery case against former Los Angeles Councilman Jose Huizar has agreed to pay $1.2 million to resolve its portion of the investigation, prosecutors said Thursday.
Carmel Partners, which is developing the tower known as 520 Mateo in L.A.’s Arts District, agreed to make the payment as part of a non-prosecution agreement reached last month. The three-year agreement will spare the company from becoming a defendant in the corruption case.
The agreement contained an allegation against Huizar that has not appeared in previous indictments. At one point in 2018, the document said, Huizar asked a Carmel executive if he would provide $250,000 in exchange for a reduction in the amount the company paid into a fund for affordable housing.
The original full article can be found at latimes.com
(Photo: Kirk McKoy / Los Angeles Times)