Approval of a Second Amendment Extending the Term of the Existing Parking License Agreement with Century Wilshire Incorporated for the Culver Hotel. City of Culver City California Redevelopment Agency Agenda Item Report Meeting Date: 06/07/10 REDEVELOPMENT AGENCY BOARD AGENDA ITEM: Approval of a Second Amendment Extending the Term of the Existing Parking License Agreement with Century Wilshire Incorporated for the Culver Hotel. Contact Person/Dept.: Joe Susca and Todd Tipton/CDD Fiscal Impact: Yes X No General Fund: Yes No X Phone Number: 310 253 5763/5783 Item Number: C 2 Public Hearing: Action Item: Attachments: X Commission Action Required: Yes No X Date: _______________ Public Notification: (E Mail) Meetings and Agendas Redevelopment Agency (06/02/10); (E Mail) Century Wilshire Inc. and the Culver Hotel (06/02/10); (E Mail) The Downtown Business Association (06/02/10). Department Approval: Sol Blumenfeld: (05/27/10) Chief Financial Officer Approval: Jeff Muir (by N. Kimball) (06/02/10) Agency General Counsel Approval: Murray Kane: (05/26/10) Executive Director Approval: P. Lamont Ewell (06/02/10) RECOMMENDATION: Staff recommends the Culver City Redevelopment Agency Board (Agency Board) approve a second amendment extending the term of the existing Parking License Agreement (License) with Century Wilshire Incorporated for 1) the Culver Hotel s (Hotel) rental of up to twenty reserved parking spaces at the Agency Owned Ince Parking Structure for valet services to their guests; and 2) rental of up to ten parking spaces at the 9300 Culver Boulevard parking lot (commonly referred to as Parcel B ) for use by Culver Hotel guests employees and vendors. BACKGROUND: Due to the inconvenience experienced by Hotel guests during construction of the first phase of the Heart of Screenland Project (which included the Ince Parking Structure Pacific Theatres and the building adjacent to it and the Town Plaza) the Hotel was provided free guest parking within the Agency s downtown par...
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