JOINT CITY COUNCIL AND REDEVELOPMENT AGNECY BOARD ITEM: (1) City Council and Agency Board Consideration and (2) City Council Approval of a Seventh Implementation Agreement with Axis Mundi RE II LLC for Development of the Baldwin Site (12803 23 West Washington Boulevard). City of Culver City California Agenda Item Report Meeting Date: 01/23/2012 JOINT CITY COUNCIL AND REDEVELOPMENT AGNECY BOARD ITEM: (1) City Council and Agency Board Consideration and (2) City Council Approval of a Seventh Implementation Agreement with Axis Mundi RE II LLC for Development of the Baldwin Site (12803 23 West Washington Boulevard) Contact Person/Dept.: John Fisanotti/CDD Todd Tipton/CDD Fiscal Impact: Yes No X Phone Number: (310) 253 5767 (310) 253 5783 General Fund: Yes No X Item Number: JC 1 Public Hearing: Action Item: Attachments: Commission Action Required: Yes No X Date: _______________ Public Notification: (E Mail) Meetings and Agendas Redevelopment Agency and City Council (01/19/12) Redevelopment Agency Projects West Washington Boulevard and Axis Mundi RE II LLC (01/18/12.) Department Approval: Sol Blumenfeld (01/18/12) Agency General Counsel Approval: Murray Kane: City Attorney Approval: Carol Schwab: City Manager/Executive Director Approval: John M. Nachbar (01/19/12) Chief Financial Officer Approval: Jeff Muir (by N. Kimball) (01/19/12) RECOMMENDATION: Staff recommends the City Council and Agency Board consider and the City Council approve a Seventh Implementation Agreement to the Disposition and Development Agreement with Axis Mundi RE II LLC for the development of the Baldwin Site located at 12803 12823 West Washington Boulevard (Site). BACKGROUND: On February 4 2008 the Agency Board approved a Disposition and Development Agreement (DDA) with Axis Mundi for the purchase and development of the Site. The development proposed for the Site will create: a 37 000+/ square foot commercial building featuring office condominiums above ground floor retail a 39 space public parking lo...
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