title
(1) Receive Final Written Report from the Assets Ad Hoc Subcommittee; (2) Authorize Transmittal of the Report to City Council; and (3) Dissolve the Assets Ad Hoc Subcommittee
body
Meeting Date: February 11, 2026
Contact Person/Dept: James Lambert /Finance Department
Phone Number: (310) 253-5865
Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X]
Public Hearing: [] Action Item: [X] Attachments: []
Public Notification: (E-Mail) Meetings and Agendas - Finance Advisory Committee (02/05/2026)
Departmental Approval: Lisa Soghor, Assistant City Manager (02/05/2026)
_____________________________________________________________________
RECOMMENDATION
Staff recommends that the Finance Advisory Committee (FAC): (1) receive the final report from the Assets Ad Hoc Subcommittee; (2) authorize transmittal of the report to City Council; and (3) dissolve the Assets Ad Hoc Subcommittee.
BACKGROUND/DISCUSSION
The Assets Ad Hoc Subcommittee (Ad Hoc Subcommittee) was established to analyze real property assets for Culver City, including but not limited to opportunities to maximize revenues at parks.
The Ad Hoc Subcommittee is currently comprised of Finance Advisory Committee Vice Chair Bauer and members Griffing, Lachoff, and Thakur.
At the July 9, 2025 meeting of the FAC, Ad Hoc subcommittee members requested a meeting with staff to answer final questions regarding the City's property holdings. On July 22, 2025, the Ad Hoc Subcommittee met with Tevis Barnes, Housing & Human Services Director, who answered the members' questions about certain Housing Authority properties. At the September 10, 2025 meeting of the FAC, the FAC requested the Ad Hoc Subcommittee draft a final written report to be approved by the FAC and transmitted to the City Council. The report is provided as Attachment 1.
The Ad Hoc Subcommittee has completed its review of the City's properties and may thus be dissolved after providing the repo...
Click here for full text