(1) City Council and Agency Board Approval of a Memorandum of Understanding; and (2) Agency Board Approval of a Budget Amendment Related Thereto; and (3) City Council Approval of a Purchase and Sale Agreement for a Parking Lot Project Located along the former Metropolitan Transportation Authority Spur between Hayden Avenue and Eastham Drive. City of Culver City California Agenda Item Report Meeting Date: 03/07/11 JOINT CITY COUNCIL AND REDEVELOPMENT AGENCY AGENDA ITEM: (1) City Council and Agency Board Approval of a Memorandum of Understanding; (2) Agency Board Approval of a Budget Amendment Related Thereto; and (3) City Council Approval of a Purchase and Sale Agreement for a Parking Lot Project Located along the Former Metropolitan Transportation Authority Spur between Hayden Avenue and Eastham Drive. Contact Person/Dept.: Joe Susca / Community Development Todd Tipton / Community Development Fiscal Impact: Yes X No Contact Person/Dept.: 310 253 5763 310 253 5783 General Fund: Yes X No Item Number: J 3 Public Hearing: Action Item: X Attachments: X Commission Action Required: Yes No X Date: _______________ Public Notification: (E Mail) Meetings and Agendas City Council (03/04/11); (E Mail) Meetings and Agendas Redevelopment Agency (03/04/11); (E Mail) Redevelopment Agency Projects (03/04/11); The (Former) Metro Spur Property Owners (03/04/11). Department Approval: Sol Blumenfeld: (03/02/11) Agency Counsel Approval: Murray Kane: (03/02/11) City Attorney Approval: Carol Schwab (by H. Baker) (03/04/11) City Manager/Executive Director Approval: John M. Nachbar (03/04/11) Chief Financial Officer Approval: Jeff Muir (by N. Kimball) (03/04/11) RECOMMENDATION: Staff recommends the Culver City Redevelopment Agency Board (Agency Board) approve a Memorandum of Understanding (MOU) that funds $1 050 000 ($250 000 in soft costs and half the construction costs estimated at $800 000) to improve the former Metropolitan Transportation Authority (Metro) railroad Spur between Hayden Ave...
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