Approval of a Purchase and Sale Agreement to Sell a Portion of the Agency Owned Property Located at 3433 Wesley Street to the Los Angeles County Metropolitan Transportation Authority and Approval of the Related Budget Amendment. City of Culver City California Agenda Item Report Item Number: PH 1 Meeting Date: 09/27/10 REDEVELOPMENT AGENCY BOARD AGENDA ITEM: PUBLIC HEARING Approval of a Purchase and Sale Agreement to Sell a Portion of the Agency Owned Property Located at 3433 Wesley Street to the Los Angeles County Metropolitan Transportation Authority and Approval of the Related Budget Amendment. Contact Person/Dept.: Glenn Heald and Todd Tipton Community Development Department Fiscal Impact: Yes X Phone Number: 310.253.5752 and 5783 No General Fund: Yes No X Public Hearing: X Action Item: Attachments: X Commission Action Required: Yes No X Date: _______________ Public Notification: Published in the Culver City News 09/16/10; (E Mail) Meetings and Agendas Redevelopment Agency (09/23/10). Department Approval: Sol Blumenfeld (09/21/10) Chief Financial Officer Approval: Jeff Muir (by N. Kimball)(09/23/10) Agency General Counsel: Murray Kane (09/16/10) Agency Executive Director Approval: John M. Nachbar (09/23/10) RECOMMENDATION: Staff recommends the Culver City Redevelopment Agency Board (Agency Board) approve a Purchase and Sale Agreement for a portion of the Agency owned property located at 3433 Wesley Street Culver City to the Los Angeles County Metropolitan Transportation Authority (Metro) and approve the related budget amendment. PROCEDURE: 1. The Chair seeks a motion to receive and file the affidavits of publication and posting of notices and correspondence received in response to the public hearing notices; and 2. Chair calls for a staff report and Agency Board Members may pose questions to staff as desired; and 3. Chair seeks a motion to open the public hearing; and 4. Chair seeks motion to close the public hearing after all public testimony has been presented;...
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