Authorization to Release a Request for Proposals for the Development of the Agency Owned Site located at 4044 4068 Globe Avenue. City of Culver City California Agenda Item Report Meeting Date: 11/22/2010 REDEVELOPMENT AGENCY BOARD AGENDA ITEM: Authorization to Release a Request for Proposals for the Development of the Agency Owned Site located at 4044 4068 Globe Avenue Contact Person/Dept.: Tevis Barnes/ CDD Fiscal Impact: Yes X No Phone Number: (310) 253 5782 General Fund: Yes No X Item Number: C 3 Public Hearing: Action Item: X Attachments: X Commission Action Required: Yes No X Date: _______________ Public Notification: (E Mail) Agenda and Meetings Redevelopment Agency (11/17/10) Department Approval: Sol Blumenfeld: (11/02/10) Chief Financial Officer Approval: Jeff Muir (by N. Kimball) (11/16/10) Agency General Counsel Approval: Murray Kane: (11/04/10) Executive Director Approval: John M. Nachbar (11/17/10) RECOMMENDATION: Staff recommends the Redevelopment Agency Board (Agency Board) authorize the release of a request for proposals (RFP) for the development of the Agency owned site located at 4044 4068 Globe Avenue (Site). BACKGROUND: On March 17 2008 the Agency Board reviewed and approved implementation of Years 1 and 2 of the Comprehensive Housing Strategy (CHS). The CHS identifies housing sites and development costs and allocates monies from the Housing Set Aside Fund in an effort to improve the City s affordable housing stock and meet housing production requirements under the Regional Housing Needs Assessment (RHNA) planning period. Under RHNA over the next seven years the City must create 504 units of housing with 224 of those units being designated for very low low and moderate households. The Agency owned site located at 4044 4068 Globe Avenue is one of three sites identified under Years 1 and 2 of the CHS*. On October 5 2009 the Agency Board approved demolition of the seven homes located on the Site. DISCUSSION: Staff requests the Agency Board authorize ...
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