Approval of (1) an Exclusive Negotiation Agreement and (2) a License Agreement Between the Culver City Redevelopment Agency and the Los Angeles Housing Partnership City of Culver City California Agenda Item Report Item Number: A 1 Meeting Date: 12/13/10 REDEVELOPMENT AGENCY BOARD AGENDA ITEM: Approval of (1) an Exclusive Negotiation Agreement and (2) a License Agreement Between the Culver City Redevelopment Agency and the Los Angeles Housing Partnership Contact Person/Dept.: Tevis Barnes Community Development Fiscal Impact: Yes X No General Fund: Yes No X Phone Number: (310) 253 5782 Public Hearing: Action Item: X Attachments: X (E mail) Meeting and Agendas Redevelopment Agency Commission Action Required: Yes No X Date: _______________ Public Notification: (12/09/10);Los Angeles Housing Partnership (11/15/10) Department Approval: Sol Blumenfeld: (12/1/10) Chief Financial Officer Approval: Jeff Muir (by N. Kimball) (12/08/10) Agency General Counsel Approval: Murray Kane: (12/02/10) Executive Director Approval: John M. Nachbar (12/09/10) RECOMMENDATION Staff recommends that the Culver City Redevelopment Agency Board (Agency Board): 1. Approve an Exclusive Negotiation Agreement (ENA) with the Los Angeles Housing Partnership (Developer) related to a proposed Disposition and Development Agreement (DDA) for the construction of 33 affordable housing units with 13 000 square feet of commercial retail located at 11042 11056 West Washington Boulevard (Site); and 2. Approve a License Agreement between the Developer and the Redevelopment Agency to allow the Developer the opportunity to conduct due diligence on the Agency owned property located at 11054 11056 West Washington Boulevard (Agency Property). BACKGROUND The Agency Board previously approved implementation of years 1 and 2 of the Comprehensive Housing Strategy (CHS). The CHS identifies housing sites and development costs to allocate monies from the Housing Set Aside Fund in order to meet housing production the Regional ...
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