REDEVELOPMENT AGENCY BOARD AGENDA ITEM: Consideration to Adopt a Resolution that Terminates the Disposition and Development Agreement with Rush Pacifica LLC for 9300 Culver Boulevard; Consideration to Approve a Notice of Termination of the Disposition and Development Agreement with Rush Pacifica LLC for 9300 Culver Boulevard; and Consideration to Terminate the Infrastructure Improvement Agreement with Rush Pacifica Inc. for Construction of the Town Plaza Expansion. City of Culver City California Agenda Item Report Item Number: A 1 Meeting Date: 12/14/2009 REDEVELOPMENT AGENCY BOARD AGENDA ITEM: (1) Adoption of a Resolution Making Certain Findings and Determinations and Authorizing the Execution and Delivery of a Notice of Termination Terminating the Disposition and Development Agreement with Rush Pacifica LLC for 9300 Culver Boulevard and (2) Termination of the Inc. for Construction of the Town Plaza Expansion. Contact Person/Dept.: Joe Susca/ Redevelopment Fiscal Impact: Yes No X Improvement Agreement with Rush Pacifica Infrastructure Phone Number: 310 253 5763 General Fund: Yes No X Public Hearing: Action Item: X Attachments: X Commission Action Required: Yes No X Date: _______________ Public Notification: (E Mail) Meetings and Agendas Redevelopment Agency (12/08/09) (Fed Ex) Rush Pacifica LLC (12/08/09); (E Mail) Downtown Business Association (12/09/09). Department Approval: Sol Blumenfeld (12/08/09) Chief Financial Officer Approval: Mark Scott (by Martin Cole) (12/08/09) Agency General Counsel Approval: Murray Kane (12/08/09) Executive Director Approval: Mark Scott (12/08/09) RECOMMENDATION: Staff recommends that the Redevelopment Agency Board (Board) (1) adopt a resolution making certain findings and determinations and authorizing the execution and delivery of a Notice of Termination terminating the Disposition and Development Agreement (the DDA ) by and between the Culver City Redevelopment Agency (Agency) and Rush Pacifica LLC (RPLLC) for the sale of 9300 Cul...
Click here for full text