JOINT CITY COUNCIL/REDEVELOPMENT AGENCY BOARD AGENDA ITEM: Approval of a First Amendment to the Disposition and Development Agreement By and Between The Culver City Redevelopment Agency The City of Culver City and Tilden Terrace L.P. City of Culver City California Agenda Item Report Meeting Date: 12/05/2011 Item Number: JC 2 JOINT CITY COUNCIL/REDEVELOPMENT AGENCY BOARD AGENDA ITEM: Approval of a First Amendment to the Disposition and Development Agreement By and Between The Culver City Redevelopment Agency The City of Culver City and Tilden Terrace L.P. Contact Person/Dept.: John Fisanotti Tevis Barnes Fiscal Impact: Yes X No Phone Number: (310) 253 5767 (310) 253 5782 General Fund: Yes No X Public Hearing: Action Item: Attachments: X Commission Action Required: Yes No X Date: _______________ Public Notification E mail Agenda and Meetings City Council and Redevelopment Agency Affordable Housing Redevelopment Agency Projects and Top Ten Development Projects (12/01/2011). Department Approval: Sol Blumenfeld: (11/22/11) City Attorney Approval: Carol Schwab (by H. Baker) (11/28/11) Agency General Counsel Approval: Murray Kane: (11/18/11) City Manager/Executive Director Approval: John Nachbar: (12/01/11) Chief Financial Officer Approval: Jeff Muir (11/29/11) RECOMMENDATION: Staff recommends that the Agency Board participates in the deliberation regarding the First Amendment to the Disposition and Development Agreement for the development of the Tilden Terrace mixed use affordable housing project (Project). Staff recommends the City Council approve the First Amendment to the Disposition and Development Agreement for the development of the Tilden Terrace mixed use affordable housing project (the Project .) BACKGROUND: On March 21 2011 the Culver City Redevelopment Agency (Agency) entered into a Disposition and Development Agreement (DDA) with Tilden Terrace L.P. (Developer) for the development of a mixed use affordable housing project. The Developer is an entity formed by...
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