1
THESE MINUTES ARE NOT OFFICIAL
UNTIL APPROVED BY THE
CULVER CITY
SUCCESSOR AGENCY TO THE
CULVER CITY REDEVELOPMENT AGENCY
REGULAR MEETING OF THE March 10, 2014
SUCCESSOR AGENCY TO THE 5:00 p.m.
CULVER CITY REDEVELOPMENT AGENCY
CULVER CITY, CALIFORNIA
Call to Order & Roll Call
Chair Cooper called the meeting of the Successor Agency to the
Culver City Redevelopment Agency to order at 5:00 p.m.
Present: Jeffrey Cooper, Chair
Meghan Sahli-Wells, Vice Chair
Jim B. Clarke, Board Member
Micheál O’Leary, Board Member
Andrew Weissman, Board Member
o0o
Closed Session
At 5:00 p.m., the Successor Agency to the Culver City
Redevelopment Agency recessed to Closed Session to discuss
the following item:
CS-1 Conference with Legal Counsel – Existing Litigation
Re: City of Culver City, et al. v. Michael Cohen, et al.
Case No. 34-2013-80001719
Pursuant to Government Code Section 54956.9(d)(1)
o0o
Reconvene
Chair Cooper reconvened the meeting at 7:12 p.m. with all
Board Members present.
o0o March 10, 2014
2
Invocation/Pledge of Allegiance
The Invocation was given by John Nachbar, Executive
Director, and the Pledge of Allegiance was led by Kristin
Bell.
o0o
Report on Action Taken in Closed Session
Chair Cooper indicated there was nothing to report from
closed session.
o0o
Community Announcements by Board Members/Information
Items from Staff
None.
o0o
Joint Public Comment for Items NOT On the Agenda
None.
o0o
Receipt and Filing of Correspondence
MOVED BY BOARD MEMBER WEISSMAN, SECONDED BY BOARD MEMBER
CLARKE AND UNANIMOUSLY CARRIED, THAT THE SUCCESSOR AGENCY
RECEIVE AND FILE CORRESPONDENCE.
o0o
Joint Consent Calendar
Item JC-1
JOINT CITY COUNCIL, HOUSING AUTHORITY AND SUCCESSOR AGENCY
AGENDA ITEM: Cash Disbursements
MOVED BY BOARD MEMBER WEISSMAN, SECONDED BY VICE CHAIR
SAHLI-WELLS AND UNANIMOUSLY CARRIED, THAT THE SUCCESSOR
AGENCY APPROVE CASH DISBURSEMENTS FOR FEBRUARY 15, 2014
THROUGH FEBRUARY 28, 2014. March 10, 2014
3
o0o
Consent Calendar
Item C-1
Meeting Minutes
MOVED BY VICE CHAIR SAHLI-WELLS, SECONDED BY BOARD MEMBER
CLARKE AND UNANIMOUSLY CARRIED, THAT THE SUCCESSOR AGENCY
APPROVE MINUTES FOR THE REGULAR MEETING OF FEBRUARY 24,
2014.
o0o
Order of the Agenda
No changes were made.
o0o
Joint Action Items
Item JA-1
(1) Approval of Assignment of All Rights, Interests and
Obligations Related to Certain Parking Facilities from the
Successor Agency to the Culver City Redevelopment Agency to
the City of Culver City; and, (2) Adoption by the Successor
Agency of a Resolution Approving Revisions to the Long Range
Property Management Plan Submitted to the State Department
of Finance and Making a Finding that Assignment of Successor
Agency Obligations to the City is Consistent with the
Intentions of State Assembly Bill ABx1 26 as Amended by AB
1484
Glenn Heald, Management Analyst, provided a summary of the
material of record.
Discussion ensued between staff and Board Members regarding
direct costs to the City; compensation agreements; tax
liabilities; benefits vs. costs; retention of the parking
structures and lots; consideration of parking related
issues; the disposition and development of projects that
have been pending; the significance of the item; and the
conditional approval.
March 10, 2014
4
Chair Cooper invited public participation.
The following member of the audience addressed the Successor
Agency:
Cary Anderson discussed the Walker Parking Study; kicking
the can down the road; lost opportunities; taking advantage
of the parking study; procrastination; and he asked the City
to take advantage of opportunities.
MOVED BY BOARD MEMBER WEISSMAN, SECONDED BY BOARD MEMBER
CLARKE AND UNANIMOUSLY CARRIED, THAT THE SUCCESSOR AGENCY:
1. ASSIGN, PLEDGE, TRANSFER AND SET OVER UNTO THE CITY OF
CULVER CITY, ALL OF THE SUCCESSOR AGENCY'S RIGHTS, TITLE,
INTEREST, POWERS, PRIVILEGES AND OTHER INCIDENCES OF
OWNERSHIP IN AND TO ALL DISPOSITION AND DEVELOPMENT
AGREEMENT(S) AND PARKING AGREEMENT(S) ENCUMBERING THE SIX
PARKING FACILITIES PROPOSED FOR RECLASSIFICATION AS
“PROPERTIES TO BE RETAINED TO FULFILL ENFORCEABLE
OBLIGATIONS” AS IDENTIFIED HEREIN, AND AUTHORIZE THE
EXECUTIVE DIRECTOR OR DESIGNEE TO TAKE ALL NECESSARY,
REASONABLE AND APPROPRIATE ACTIONS TO IMPLEMENT THE TRANSFER
OF ASSETS AND OBLIGATIONS FROM THE SUCCESSOR AGENCY TO THE
CITY; AND,
2. ADOPT A RESOLUTION APPROVING THE REVISED LONG RANGE
PROPERTY MANAGEMENT PLAN FOR SUBMISSION TO THE CALIFORNIA
DEPARTMENT OF FINANCE AND MAKING A FINDING THAT THE
ASSIGNMENT TO THE CITY OF THE DDA(S) AND PARKING
AGREEMENT(S) ENCUMBERING THE SIX PARKING FACILITIES PROPOSED
FOR RECLASSIFICATION AS “PROPERTIES TO BE RETAINED TO
FULFILL ENFORCEABLE OBLIGATIONS” IS CONSISTENT WITH THE
INTENTION OF THE DISSOLUTION ACT AND IS CONSISTENT WITH THE
CALIFORNIA HEALTH AND SAFETY CODE SECTIONS 34167(A) AND
34169(D).
o0o
Public Comment for Items NOT on the Agenda
None.
o0o
Items from Board Members
None. March 10, 2014
5
o0o
Adjournment
There being no further business, at 9:38 p.m., the Successor
Agency to the Culver City Redevelopment Agency adjourned its
meeting to Monday, March 24, 2014 at 7:00 p.m.
o0o
Martin R. Cole
SECRETARY of the Successor Agency to the Culver City
Redevelopment Agency
Culver City, California
APPROVED
Jeffrey Cooper
CHAIR of the Successor Agency to the Culver City Redevelopment
Agency
Culver City, California 1
THESE MINUTES ARE NOT OFFICIAL
UNTIL APPROVED BY THE
CULVER CITY
SUCCESSOR AGENCY TO THE
CULVER CITY REDEVELOPMENT AGENCY
REGULAR MEETING OF THE March 24, 2014
SUCCESSOR AGENCY TO THE 5:30 p.m.
CULVER CITY REDEVELOPMENT AGENCY
CULVER CITY, CALIFORNIA
Call to Order & Roll Call
Chair Cooper called the meeting of the Successor Agency to the
Culver City Redevelopment Agency to order at 5:43 p.m.
Present: Jeffrey Cooper, Chair
Meghan Sahli-Wells, Vice Chair
Jim B. Clarke, Board Member
Micheál O’Leary, Board Member
Andrew Weissman, Board Member
o0o
Closed Session
At 5:43 p.m., the Successor Agency Board recessed to Closed
Session to discuss the following items:
CS-1 Conference with Real Property Negotiators
Re: 8511 Warner Drive
Agency Negotiators: John Nachbar, City Manager/Executive
Director; Sol Blumenfeld, Community Development
Director/Assistant Executive Director; Todd Tipton, Economic
Development Manager; Murray Kane, City Special
Counsel/Successor Agency Special Counsel
Other Parties Negotiators: Samitaur Constructs
Under Negotiation: Price, terms of payment or both, including
use restrictions, development obligations and other monetary
related considerations
Pursuant to Government Code Section 54956.8
March 24, 2014
2
CS-2 Conference with Legal Counsel – Existing Litigation
Re: City of Culver City, et al. v. Michael Cohen, et al.
Case No. 34-2013-80001719
Pursuant to Government Code Section 54956.9(d)(1)
o0o
Reconvene
Chair Cooper reconvened the meeting at 7:16 p.m. with all
Board Members present.
o0o
Invocation/Pledge of Allegiance
The Invocation was given by John Nachbar, Executive
Director, and the Pledge of Allegiance was led by Tom
Salter.
o0o
Report on Action Taken in Closed Session
Chair Cooper indicated there was nothing to report from
closed session.
o0o
Community Announcements by Board Members/Information
Items from Staff
None.
o0o
Joint Public Comment for Items NOT On the Agenda
None.
o0o
Receipt and Filing of Correspondence
MOVED BY BOARD MEMBER CLARKE, SECONDED BY BOARD MEMBER
WEISSMAN AND UNANIMOUSLY CARRIED, THAT THE SUCCESSOR AGENCY
RECEIVE AND FILE CORRESPONDENCE.
March 24, 2014
3
o0o
Joint Consent Calendar
Item JC-1
JOINT CITY COUNCIL, HOUSING AUTHORITY AND SUCCESSOR AGENCY
AGENDA ITEM: Cash Disbursements
MOVED BY BOARD MEMBER WEISSMAN, SECONDED BY BOARD MEMBER
CLARKE AND UNANIMOUSLY CARRIED, THAT THE SUCCESSOR AGENCY
APPROVE CASH DISBURSEMENTS FOR MARCH 1, 2014 THROUGH MARCH
14, 2014.
o0o
Order of the Agenda
No changes were made.
o0o
Joint Action Items
Item JA-1
JOINT CITY COUNCIL AND SUCCESSOR AGENCY BOARD AGENDA
ITEM:(1) Consideration of the Amount of In-Kind Assistance
for and Possible City Sponsorship of The Los Angeles
Modernism Show, The Culver City Car Show, the Culver City
Train For Autism 5K and 10K Run, IndieCade: International
Festival of Independent Games, and the Crush Cancer Event;
(2) Approval of Street Closures Where Applicable; and (3)
Approval of Related License Agreements
Chair Cooper invited public participation.
The following members of the audience addressed the
Successor Agency:
Tim Bomba, Train for Autism, thanked the Successor Agency
for their consideration.
Stephanie Barish, IndieCade, thanked the Successor Agency
for their past support; discussed the growth of the event;
and the success of their relocation to Culver City.
March 24, 2014
4
Dr. Jay Shery, Culver City Exchange Club, thanked the City
for past support discussed the growth of the event;
clarified a request in their permit; discussed food trucks
vs. local restaurants; and support of the Downtown Business
Association.
Discussion ensued between Board Members and staff regarding
qualifications and requirements; looking at criteria for
first-time events; established, well-supported events; the
increase in the sponsorship request for the Car Show;
additional staff time; requests from previous years; the
staff recommendation; the amount paid by the City last year
from the General Fund; concern with the dollar cap for the
Car Show; actual costs in hours; efficiency with time;
overtime; the difficulty of providing a cap; increased
attendance; increases to event revenue; projected income;
expense liability; money earned by the Exchange Club;
admission charges; vendor and exhibitor charges; analysis to
ensure that the cost does not fall on the City’s shoulders;
donations to offset costs; fencing; safety; and sales tax
revenues.
Discussion ensued between Board Members, staff and Stephanie
Barish regarding clarification on tasks requested to be
completed by IndieCade; the partnership; infrastructure;
hotel accommodations for sponsors; advertising on City
buses; venues for the awards dinner; benefits to the City;
and TOT benefits.
Additional discussion ensued between staff and Board Members
regarding the cap on the Car Show expenses; a suggestion to
authorize the waiver of the soft costs with the Car Show
billed for 100% of the hard costs without a cap; adding the
$3,000 that was given last year to the amount requested this
year; keeping the contribution consistent with the previous
year; and agreement to waive soft costs and provide $3,000
in direct staff costs to The Car Show.
MOVED BY VICE CHAIR SAHLI-WELLS, SECONDED BY BOARD MEMBER
CLARKE AND UNANIMOUSLY CARRIED, THAT THE SUCCESSOR AGENCY:
WAIVE THE RENTAL FEES FOR SUCCESSOR AGENCY-OWNED PROPERTIES
FOR THE FOLLOWING 2014 EVENTS: LA MODERNISM SHOW ($500 FOR
PARCEL B), CULVER CITY CAR SHOW ($500 FOR PARCEL B), TRAIN 4
AUTISM CULVER CITY RUN/WALK ($100 FOR MEDIA PARK), INDIECADE
FESTIVAL ($572 FOR PARCEL B FOR ONE WEEK PLUS ONE DAY), AND
CRUSH CANCER ($500 FOR PARCEL B).
March 24, 2014
5
o0o
Public Comment for Items NOT on the Agenda
None.
o0o
Items from Board Members
None.
o0o
Adjournment
There being no further business, at 12:46 a.m., Tuesday, March
25, 2014, the Successor Agency to the Culver City Redevelopment
Agency adjourned its meeting to Monday, April 21, 2014 at 7:00
p.m.
o0o
Martin R. Cole
SECRETARY of the Successor Agency to the Culver City
Redevelopment Agency
Culver City, California
APPROVED
Jeffrey Cooper
CHAIR of the Successor Agency to the Culver City Redevelopment
Agency
Culver City, California
1
THESE MINUTES ARE NOT OFFICIAL
UNTIL APPROVED BY THE
CULVER CITY
SUCCESSOR AGENCY TO THE
CULVER CITY REDEVELOPMENT AGENCY
REGULAR MEETING OF THE March 24, 2014
SUCCESSOR AGENCY TO THE 5:30 p.m.
CULVER CITY REDEVELOPMENT AGENCY
CULVER CITY, CALIFORNIA
Call to Order & Roll Call
Chair Cooper called the meeting of the Successor Agency to the
Culver City Redevelopment Agency to order at 5:33 p.m.
Present: Jeffrey Cooper, Chair
Meghan Sahli-Wells, Vice Chair
Jim B. Clarke, Board Member
Micheál O’Leary, Board Member*
Andrew Weissman, Board Member
*Board Member O’Leary arrived at 5:35 p.m.
o0o
Closed Session
At 5:34 p.m., the Successor Agency Board recessed to Closed
Session to discuss the following items:
CS-1 Conference with Legal Counsel – Anticipated Litigation
Re: Significant Exposure to Litigation (1 Item)
Pursuant to Government Code Section 54956.9(d)(2)
CS-2 Conference with Real Property Negotiators
Re: 9300 Culver Blvd. (Parcel B)
City Negotiators: John Nachbar, City Manager/Executive
Director; Sol Blumenfeld, Community Development
Director/Assistant Executive Director, and Todd Tipton,
Economic Development Manager
Other Parties Negotiators: The Whole 9
Under Negotiation: Price, Terms of Payment or Both, including
use restrictions, development obligations and other monetary
related considerations
Pursuant to Government Code Section 54956.8 April 21, 2014
2
o0o
Reconvene
Chair Cooper reconvened the meeting at 7:12 p.m. with all
Board Members present.
o0o
Invocation/Pledge of Allegiance
The Invocation was given by John Nachbar, Executive
Director, and the Pledge of Allegiance was led by Don
Pedersen.
o0o
Report on Action Taken in Closed Session
Chair Cooper indicated there was nothing to report from
closed session.
o0o
Community Announcements by Board Members/Information
Items from Staff
None.
o0o
Joint Public Comment for Items NOT On the Agenda
None.
o0o
Receipt and Filing of Correspondence
Martin Cole, Secretary, reported receipt of additional
correspondence before 4:00 p.m. and additional
correspondence placed on the dais by staff.
MOVED BY BOARD MEMBER CLARKE, SECONDED BY VICE CHAIR SAHLI-
WELLS AND UNANIMOUSLY CARRIED, THAT THE SUCCESSOR AGENCY
RECEIVE AND FILE CORRESPONDENCE.
o0o April 21, 2014
3
Joint Consent Calendar
Item JC-2
(Out of Sequence)
JOINT CITY COUNCIL-SUCCESSOR AGENCY AGENDA ITEM: Adoption of
Respective City Council and Successor Agency Board Resolutions
Approving (1) the Transfer and Acceptance of Real Property
(Assessor’s Parcel No. 4206-029-935) (at Town Plaza) from the
Successor Agency to the City of Culver City for Governmental
Use Pursuant to the Long Range Property Management Plan; (2)
the Grant Deed; and (3) Related Actions
Martin Cole, Secretary, reported that the Resolution had been
updated and requested that the motion include the updated
Resolution.
MOVED BY BOARD MEMBER WEISSMAN, SECONDED BY BOARD MEMBER CLARKE
AND UNANIMOUSLY CARRIED, THAT THE SUCCESSOR AGENCY: ADOPT A
RESOLUTION APPROVING, AND RECOMMENDING TO ITS OVERSIGHT BOARD
APPROVAL OF, (1) THE TRANSFER OF CERTAIN REAL PROPERTY
(ASSESSOR’S PARCEL NO. 4206-029-935) FROM THE SUCCESSOR AGENCY
TO THE CULVER CITY REDEVELOPMENT AGENCY TO THE CITY OF CULVER
CITY FOR GOVERNMENTAL USE PURSUANT TO THE LONG RANGE PROPERTY
MANAGEMENT PLAN APPROVED BY THE CALIFORNIA DEPARTMENT OF
FINANCE ON MARCH 18, 2014; (2) THE GRANT DEED TO EFFECTUATE THE
DISPOSITION OF SAID PROPERTY; AND (3) RELATED ACTIONS.
o0o
Item JC-1
(Out of Sequence)
JOINT CITY COUNCIL-SUCCESSOR AGENCY AGENDA ITEM: Adoption of
Respective City Council and Successor Agency Board Resolutions
Approving (1) the Transfer and Acceptance of Certain Real
Properties from the Successor Agency to the City of Culver City
for Use to Fulfill Contractual Enforceable Obligations Pursuant
to the State Department of Finance Approved Long Range
Property Management Plan; (2) the Related Grant Deeds; and (3)
Other Related Actions
Sol Blumenfeld, Community Development Director/Assistant
Executive Director, provided a summary of the material of
record.
Discussion ensued between staff and Board Members regarding April 21, 2014
4
Parcel B; the public process; the disposition of 9300 Culver
Boulevard; effectuating the long-standing use of the property
for parking purposes; and required use.
MOVED BY BOARD MEMBER WEISSMAN, SECONDED BY VICE CHAIR SAHLI-
WELLS AND UNANIMOUSLY CARRIED, THAT THE SUCCESSOR AGENCY:
1) ADOPT A RESOLUTION APPROVING, AND RECOMMENDING TO ITS
OVERSIGHT BOARD APPROVAL OF, (1) THE TRANSFER OF CERTAIN REAL
PROPERTY (3844-3848 & 3864 WATSEKA AVENUE; ASSESSOR’S PARCEL
NOS. 4207-001-900, 4207-001-901, 4207-001-902, 4207-001-903,
AND 4207-001-904) FROM THE SUCCESSOR AGENCY TO THE CULVER CITY
REDEVELOPMENT AGENCY TO THE CITY OF CULVER CITY FOR USE TO
FULFILL CONTRACTUAL ENFORCEABLE OBLIGATIONS PURSUANT TO THE
LONG RANGE PROPERTY MANAGEMENT PLAN APPROVED BY THE CALIFORNIA
DEPARTMENT OF FINANCE ON MARCH 18, 2014; (2) THE GRANT DEED TO
EFFECTUATE THE DISPOSITION OF SAID PROPERTY; AND (3) RELATED
ACTIONS., AND
2) ADOPT A RESOLUTION APPROVING, AND RECOMMENDING TO ITS
OVERSIGHT BOARD THE APPROVAL OF, (1) THE TRANSFER OF CERTAIN
REAL PROPERTY (3757 ROBERTSON BOULEVARD; ASSESSOR’S PARCEL NOS.
4206-033-932, 4206-033-934, AND 4206-033-935) FROM THE
SUCCESSOR AGENCY TO THE CULVER CITY REDEVELOPMENT AGENCY TO THE
CITY OF CULVER CITY FOR USE TO FULFILL CONTRACTUAL ENFORCEABLE
OBLIGATIONS PURSUANT TO THE LONG RANGE PROPERTY MANAGEMENT PLAN
APPROVED BY THE CALIFORNIA DEPARTMENT OF FINANCE ON MARCH 18,
2014; (2) THE GRANT DEED TO EFFECTUATE THE DISPOSITION OF SAID
PROPERTY; AND (3) RELATED ACTIONS., AND
3) ADOPT A RESOLUTION APPROVING, AND RECOMMENDING TO ITS
OVERSIGHT BOARD APPROVAL OF, (1) THE TRANSFER OF CERTAIN REAL
PROPERTY (3825 CANFIELD AVENUE; ASSESSOR’S PARCEL NO. 4206-030-
901) FROM THE SUCCESSOR AGENCY TO THE CULVER CITY REDEVELOPMENT
AGENCY TO THE CITY OF CULVER CITY FOR USE TO FULFILL
CONTRACTUAL ENFORCEABLE OBLIGATIONS PURSUANT TO THE LONG RANGE
PROPERTY MANAGEMENT PLAN APPROVED BY THE CALIFORNIA DEPARTMENT
OF FINANCE ON MARCH 18, 2014; (2) THE GRANT DEED TO EFFECTUATE
THE DISPOSITION OF SAID PROPERTY; AND (3) RELATED ACTIONS., AND
4) ADOPT A RESOLUTION APPROVING, AND RECOMMENDING TO ITS
OVERSIGHT BOARD APPROVAL OF, (1) THE TRANSFER OF CERTAIN REAL
PROPERTY (9099 WASHINGTON BOULEVARD; ASSESSOR’S PARCEL NO.
4206-029-932) FROM THE SUCCESSOR AGENCY TO THE CULVER CITY
REDEVELOPMENT AGENCY TO THE CITY OF CULVER CITY FOR USE TO
FULFILL CONTRACTUAL ENFORCEABLE OBLIGATIONS PURSUANT TO THE
LONG RANGE PROPERTY MANAGEMENT PLAN APPROVED BY THE CALIFORNIA April 21, 2014
5
DEPARTMENT OF FINANCE ON MARCH 18, 2014; (2) THE GRANT DEED TO
EFFECTUATE THE DISPOSITION OF SAID PROPERTY; AND (3) RELATED
ACTIONS. AND,
5) ADOPT A RESOLUTION APPROVING, AND RECOMMENDING TO ITS
OVERSIGHT BOARD APPROVAL OF, (1) THE TRANSFER OF CERTAIN REAL
PROPERTY (9415-9425 VENICE BOULEVARD; ASSESSOR’S PARCEL NOS.
4313-019-900, 4313-019-901, 4313-019-902, AND 4313-019-903)
FROM THE SUCCESSOR AGENCY TO THE CULVER CITY REDEVELOPMENT
AGENCY TO THE CITY OF CULVER CITY FOR USE TO FULFILL
CONTRACTUAL ENFORCEABLE OBLIGATIONS PURSUANT TO THE LONG
RANGE PROPERTY MANAGEMENT PLAN APPROVED BY THE CALIFORNIA
DEPARTMENT OF FINANCE ON MARCH 18, 2014; (2) THE GRANT DEED
TO EFFECTUATE THE DISPOSITION OF SAID PROPERTY; AND (3)
RELATED ACTIONS.
o0o
Order of the Agenda
No changes were made.
o0o
Public Hearing
Item PH-1
SUCCESSOR AGENCY AGENDA ITEM: PUBLIC HEARING - Adoption of a
Resolution Approving and Recommending that the Oversight
Board Approve (1) the Sale and Transfer of Real Property at
9300 Culver Boulevard to Combined/Hudson 9300 Culver LLC
(Developer) in Accordance with the Terms of the DDA Between
the Developer and the City of Culver City Pursuant to the
State Department of Finance Approved Long Range Property
Management Plan, (2) the Related Grant Deed, (3) the
Successor Agency’s Remittance of the Net Purchase Price
Proceeds Received by the Successor Agency after Close of
Escrow to the Los Angeles County Auditor-Controller for
Distribution to Taxing Entities, and (4) Related Actions
Martin Cole, Secretary, requested that a revised resolution
and grant deed presented to the City Council be included in
the motion.
April 21, 2014
6
MOVED BY BOARD MEMBER CLARKE, SECONDED BY BOARD MEMBER
O’LEARY AND UNANIMOUSLY CARRIED, THAT THE SUCCESSOR AGENCY
OPEN THE PUBLIC HEARING.
Chair Cooper invited public participation.
No cards were received and no speakers came forward.
MOVED BY BOARD MEMBER O’LEARY, SECONDED BY BOARD MEMBER
CLARKE AND UNANIMOUSLY CARRIED, THAT THE SUCCESSOR AGENCY
CLOSE THE PUBLIC HEARING.
Discussion ensued between Board Members and staff regarding
mineral rights under Parcel B; drilling lower than 500 feet
under the surface; subterranean parking; substructure; the
standard legal description; and agreement to provide
background information.
MOVED BY BOARD MEMBER WEISSMAN, SECONDED BY BOARD MEMBER
O’LEARY AND UNANIMOUSLY CARRIED, THAT THE SUCCESSOR AGENCY:
ADOPT A RESOLUTION APPROVING, AND RECOMMENDING TO ITS
OVERSIGHT BOARD THE APPROVAL OF, (1) THE SALE AND TRANSFER
OF CERTAIN REAL PROPERTY AT 9300 CULVER BOULEVARD TO
COMBINED/HUDSON 9300 CULVER LLC (DEVELOPER) IN ACCORDANCE
WITH THE TERMS OF THE DISPOSITION AND DEVELOPMENT AGREEMENT
(DDA) BETWEEN THE DEVELOPER AND THE CITY OF CULVER CITY
DATED JANUARY 31, 2012, PURSUANT TO THE LONG RANGE PROPERTY
MANAGEMENT PLAN APPROVED BY THE CALIFORNIA DEPARTMENT OF
FINANCE ON MARCH 18, 2014, (2) THE GRANT DEED TO EFFECTUATE
SAID DISPOSITION OF SAID PROPERTY, (3) THE SUCCESSOR
AGENCY’S REMITTANCE OF THE NET PURCHASE PRICE PROCEEDS
RECEIVED BY THE SUCCESSOR AGENCY AFTER THE CLOSE OF ESCROW
TO THE COUNTY FOR DISTRIBUTION TO TAXING ENTITIES, AND (4)
RELATED ACTIONS.
o0o
Public Comment for Items NOT on the Agenda
None.
o0o
Items from Board Members
None.
April 21, 2014
7
o0o
Adjournment
There being no further business, at 10:44 p.m., the Successor
Agency to the Culver City Redevelopment Agency adjourned its
meeting to Monday, April 28, 2014 at 7:00 p.m.
o0o
Martin R. Cole
SECRETARY of the Successor Agency to the Culver City
Redevelopment Agency
Culver City, California
APPROVED
Jeffrey Cooper
CHAIR of the Successor Agency to the Culver City Redevelopment
Agency
Culver City, California