Adoption of a Resolution Approving and Recommending that the Oversight Board Approve (1) the Sale and Transfer of Real Property Located at 12803 12811 12813 and 12823 Washington Boulevard Culver City from the Successor Agency to Axis Mundi RE II LLC for Use to Fulfill Contractual Enforceable Obligations in Accordance with the Terms of the DDA Between the Former Culver City Redevelopment Agency and the Developer Pursuant to the State Department of Finance Approved Long Range Property Management Plan; and (2) the Successor Agency s Use of the Net Purchase Price Proceeds Received by the Successor Agency after Close of Escrow in Accordance with the Dissolution Act and Other Applicable Law; and (3) Related Actions. Item Number: PH 1 City of Culver City California Agenda Item Report Meeting Date: 06/09/2014 SUCCESSOR AGENCY AGENDA ITEM: PUBLIC HEARING Adoption of a Resolution Approving and Recommending that the Oversight Board Approve (1) the Sale and Transfer of Real Property Located at 12803 12811 12813 and 12823 Washington Boulevard Culver City from the Successor Agency to Axis Mundi RE II LLC for Use to Fulfill Contractual Enforceable Obligations in Accordance with the Terms of the DDA Between the Former Culver City Redevelopment Agency and the Developer Pursuant to the State Department of Finance Approved Long Range Property Management Plan; and (2) the Successor Agency s Use of the Net Purchase Price Proceeds Received by the Successor Agency after Close of Escrow in Accordance with the Dissolution Act and Other Applicable Law; and (3) Related Actions. Contact Person/Dept.: Glenn Heald Todd Tipton / CDD Fiscal Impact: Yes No X Public Hearing: X Attachments: X Public Notification: (E Mail) Meetings and Agendas Successor Agency (06/04/14); Public Notice Posted (05/27/14) and Published (05/29/14) in the Culver City News. Departmental Approval: Sol Blumenfeld (06/04/14) Phone Number: 310 253 5752 310 253 5783 Action Item: Successor Agency General Counsel Approval; Carol ...
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