JOINT CITY COUNCIL/REDEVELOPMENT AGENCY BOARD AGENDA ITEM: Approval of an Assignment and Assumption Agreement between the Culver City Redevelopment Agency and the City of Culver City and a Sixth 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 Item Number: JC 1 Meeting Date: 06/06/2011 JOINT CITY COUNCIL/REDEVELOPMENT AGENCY BOARD AGENDA ITEM: Approval of an Assignment and Assumption Agreement between the Culver City Redevelopment Agency and the City of Culver City and a Sixth 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 Public Hearing: Action Item: Attachments: Commission Action Required: Yes No X Date: _______________ Public Notification: (E Mail) Meetings and Agendas City Council (06/01/11); (E Mail) Meetings and Agendas Redevelopment Agency (06/01/11) Redevelopment Agency Projects West Washington Boulevard and Axis Mundi RE II LLC (06/01/11) Department Approval: Sol Blumenfeld (05/25/11) City Attorney Approval: Carol Schwab (by H. Baker) (05/31/11) Agency General Counsel Approval: Murray O. Kane (05/17/11) City Manager/Executive Director Approval: John M. Nachbar (06/01/11) Chief Financial Officer Approval: Jeff Muir (by N. Kimball) (06/01/11) RECOMMENDATION: Staff recommends the Redevelopment Agency Board (Agency Board) approve an Assignment and Assumption Agreement with the City of Culver City (City) to transfer its rights and obligations and assign the Agency s Disposition and Development Agreement with Axis Mundi RE II LLC (Axis Mundi) to the City for the development of the Baldwin Site located at 12803 23 West Washington Boulevard (Site). AND Staff recommends the City Council (1) approve an Assignment and Assum...
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