Consideration to Select Washinela L.P. as Developer for the Washington/Centinela Redevelopment Project; Authorization to Commence Negotiation of a Disposition and Development Agreement with Washinela L.P. and Rejection of All Other Proposals. Redevelopment Agency Agenda Item Report Meeting Date: 1/07/08 AGENDA ITEM: Consideration to Select Washinela L.P. as Developer for the Washington/Centinela Redevelopment Project; Authorization to Commence Negotiation of a Disposition and Development Agreement with Washinela L.P. and Rejection of All Other Proposals. Contact Person/Dept.: Joe Susca Phone Number: (310) 253 5763 Item Number: A 1 City of Culver City California Fiscal Impact: Yes X No General Fund: Yes X No Attachments: X Public Hearing: Action Item: X Public Notification: Businesses and Residents within 500 feet of the surrounding area (12/14/07); The Culver West Neighborhood Association The Herbert Street Neighborhood Association the Culver Triangle Neighborhood Association (12/19/07); Members of the public who have previously pulled speaker cards regarding the project over the past two years Rethink Second Street Ventures Crimson Holdings Washinela L.P. The Advisory Committee on Redevelopment (12/19/07) Viking Equipment Corporation (12/20/07); and the Master E mail Notification List (01/02/08). Department Approval: Sol Blumenfeld (12/31/07) Fiscal Impact Review: Jeff Muir (1/2/08) Executive Director Approval: Jerry B. Fulwood (01/02/08) RECOMMENDATION: Staff recommends the Culver City Redevelopment Agency (the Agency ) (1) select Washinela L.P. as developer for the northwest and northeast corners of Washington Boulevard and Centinela Avenue; (2) authorize the Executive Director to commence negotiating a Disposition and Development Agreement with Washinela L.P.; and (3) reject all other developer proposals. BACKGROUND: As part of the Agency s goal of eliminating blight within the Redevelopment Project Area staff identified a number of blighted and underutilized pr...
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