title
SA - Adoption of a Resolution Approving, and Recommending to its Oversight Board Approval of, (1) the Sale and Transfer of Certain Real Property Located at 8801 and 8803 Washington Blvd., 8829, 8831, 8839, 8841 and 8843 Exposition Blvd., and 8824, 8825, 8828, 8830-8834, 8836, 8838, 8840, 8842 and 8846 National Blvd., Culver City, CA (collectively, the Property), to Culver Station, LLC (Developer), in Accordance with the Terms of that Certain Commitment Letter dated January 31, 2012, as Implemented by that Certain Implementation Agreement (Washington National), dated as of October 21, 2014 (as Amended), Pursuant to the Authority of the Long Range Property Management Plan Approved By The California Department Of Finance On March 18, 2014; (2) the Grant Deed to Effectuate Said Disposition of the Property; (3) the Successor Agency's Remittance of the Net Purchase Price Proceeds Received by the Successor Agency After Close of Escrow to the Los Angeles County Auditor-Controller for Disposition to Taxing Entities; and (4) all Related Actions.
body
Meeting Date: December 5, 2016
Contact Person/Dept: Glenn Heald
Todd Tipton / CDD
Phone Number: 310-253-5752
310-253-5783
Fiscal Impact: Yes [] No [X] 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 - Successor Agency (11/28/16).
Department Approval: Sol Blumenfeld, Assistant Executive Director (11/23/16)
____________________________________________________________________________
RECOMMENDATION:
Staff recommends the Board of the Successor Agency to the Culver City Redevelopment Agency (Successor Agency) adopt the proposed Resolution (Attachment No. 1) approving, and recommending to its Oversight Board approval of, (1) the sale and transfer of certain real property located at 8801 and 8803 Washing...
Click here for full text