Successor Agency (SA) Resolution Approving the Terms of the DDA Entered into Between the City of Culver City and Combined/Hudson 9300 Culver LLC; Approving the Sale/Conveyance of Real Property Located at 9300 Culver Boulevard (Parcel B) from the City to Combined; Approving the Transfer of Residual Land Proceeds from Parcel B Land Sale to SA and Approving City s Retention/Ownership of Certain Land for Public Parking the Town Plaza Expansion and Other Public Purposes and of Certain Public Improvements Constructed as part of the Project; Acknowledging/Agreeing that DDA Constitutes the Existence of an Enforceable Obligation Pursuant to Part 1.8 & Part 1.85 of Division 24 of the Health and Safety Code for the Purposes of Without Limitation the Disposition of Assets Previously Owned by the Former Culver City Redevelopment Agency; AND City Council Resolution Approving Subject to Conditions Precedent the Transfer of Parcel B s Residual Land Sale Proceeds from the City to the SA. MEETING DATE: 08/13112 AGENDA ITEM: JOINT CITY COUNCIL AND SUCCESSOR AGENCY TO THE CULVER CITY REDEVELOPMENT AGENCY ITEM: That the Successor Agency to the Culver City Redevelopment Agency (Successor Agency) Adopt a Resolution that 1) Approves the terms of the Disposition and Development Agreement Entered into by and Between the City of Culver City (City) and Combined/Hudson 9300 Culver LLC (Combined); and 2) Approves the Sale and Conveyance of Real Property Located at 9300 Culver Boulevard (Parcel B) from the City to Combined; and 3) Approves the Transfer of Residual Land Proceeds from the Parcel B Land Sale to the Successor Agency; and 4) Approves the City's Retention and Ownership of Certain Land for Public Parking the Town Plaza Expansion and for Other Public Purposes and of certain Public Improvements Constructed as part of the Project; and 5) acknowledges and agrees that the DDA constitutes the existence of an enforceable obligation pursuant to Part 1.8 and Part 1.85 of Division 24 of the Healt...
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