The city last held the Olympics in 1924, meaning 2024 will mark the 100-year anniversary of its previous hosting.
Following the unanimous approval of the Session, Garcetti said: "This is a momentous day for the people of Los Angeles and the United States".
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The Los Angeles planning committee estimates that the games will cost $5.3 billion. In August, the LA City Council and USOC board approved the updated agreement. We're very, very excited about it and I'm excited to be a part of that team.
Johnson's last outing at the Olympics came in Sydney in 2000, where he successfully defended his 400m title, but the 50-year-old will have no feelings of envy towards any competitors when the Games return to U.S. soil in 2028. "These Games will build on the legacy that began in 1932 and was cemented in 1984, and will touch the lives of Angelenos and Americans for decades to come".
Loud applause rang out at the Lima Convention Centre shortly after the International Olympic Committee membership voted to approve a deal hashed out in July which arranged for Paris to be given 2024 and Los Angeles 2028. This city - which played a critical role in my Olympic journey - is home to some of the world's most creative, athletic and innovative people.
It marked the final act of a campaign that had been stripped of the usual intrigue ever since Paris and Los Angeles agreed to carve up 2024 and 2028 in July following encouragement from the IOC.