JOINT CITY COUNCIL / REDEVELOPMENT AGENCY BOARD AGENDA ITEM: Approval of a Purchase Agreement to Transfer Ownership of the Cardiff Parking Structure located at 3846 Cardiff Avenue from the City of Culver City to the Culver City Redevelopment Agency. City of Culver City California Agenda Item Report Item Number: _J 3 Meeting Date: 1/15/2011 JOINT CITY COUNCIL / REDEVELOPMENT AGENCY BOARD AGENDA ITEM: Approval of a Purchase Agreement to Transfer Ownership of the Cardiff Parking Structure located at 3846 Cardiff Avenue from the City of Culver City to the Culver City Redevelopment Agency. Contact Person/Dept.: Sol Blumenfeld Community Development Todd Tipton Community Development Fiscal Impact: Yes X No Phone Number: (310) 253 5700 (310) 253 5783 General Fund: Yes No X Public Hearing: X Action Item: Attachments: X Commission Action Required: Yes No X Date: _______________ Public Notification: Meetings and Agendas City Council (01/13/11); Meetings and Agendas Redevelopment Agency (01/13/11); Interested Media (01/13/11) Department Approval: Sol Blumenfeld (01/13/11) City Attorney Approval: Carol Schwab (by H. Baker) (01/13/11) Agency General Counsel Approval: Murray Kane: (01/13/11) City Manager/Executive Director Approval: John M. Nachbar Chief Financial Officer Approval: Jeff Muir RECOMMENDATION: Staff recommends the City Council and Culver City Redevelopment Agency Board (Agency Board) approve a Purchase Agreement to transfer ownership of the Cardiff Parking Structure located at 3846 Cardiff Avenue from the City of Culver City (City) to the Culver City Redevelopment Agency (Agency). BACKGROUND/DISCUSSION: The Cardiff Parking Structure is owned by the City. The operations are overseen by Agency staff. Because the parking structure is owned by the City the Agency s authority is limited when it comes to how the parking spaces are controlled. To address this staff recommends that ownership be transferred from the City to the Agency pursuant to a Purchase Agreement with the...
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