Successor Agency (SA) Resolution Approving the Terms of the DDA Entered into Between the City of Culver City and Combined/Hudson 9300 Culver LLC; Approving the Sale/Conveyance of Real Property Located at 9300 Culver Boulevard (Parcel B) from the City to Combined; Approving the Transfer of Residual Land Proceeds from Parcel B Land Sale to SA and Approving City s Retention/Ownership of Certain Land for Public Parking the Town Plaza Expansion and Other Public Purposes and of Certain Public Improvements Constructed as part of the Project; Acknowledging/Agreeing that DDA Constitutes the Existence of an Enforceable Obligation Pursuant to Part 1.8 & Part 1.85 of Division 24 of the Health and Safety Code for the Purposes of Without Limitation the Disposition of Assets Previously Owned by the Former Culver City Redevelopment Agency; AND City Council Resolution Approving Subject to Conditions Precedent the Transfer of Parcel B s Residual Land Sale Proceeds from the City to the SA. Item Number: J 1 City of Culver City California Agenda Item Report Meeting Date: 08/13/12 JOINT CITY COUNCIL AND SUCCESSOR AGENCY TO THE CULVER CITY REDEVELOPMENT AGENCY ITEM: (1) Successor Agency Board Adoption of a Resolution (a) Approving the Terms of the Disposition and Development Agreement Entered into by and Between the City of Culver City (City) and Combined/Hudson 9300 Culver LLC (Combined); (b) Approving the Sale and Conveyance of Real Property Located at 9300 Culver Boulevard (Parcel B) from the City to Combined; (c) Approving the Transfer of Residual Land Proceeds from the Parcel B Land Sale to the Successor Agency; and (d) Approving the City s Retention and Ownership of Certain Land for Public Parking the Town Plaza Expansion and for Other Public Purposes and of Certain Public Improvements Constructed as part of the Project; and (e) Acknowledging and Agreeing that the DDA Constitutes the Existence of an Enforceable Obligation Pursuant to Part 1.8 and Part 1.85 of Division 24 of the Heal...
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