Approval of a Six Month Parking License Agreement with Century Wilshire Incorporated for the Culver Hotel. MEETING DATE: 08/03/2009 AGENDA ITEM: CONSIDERATION OF A SIX MONTH PARKING LICENSE AGREEMENT WITH CENTURY WILSHIRE INCORPORATED FOR THE CULVER HOTEL ATTACHMENTS Item 1 Parking License Agreement Pages 1 24 LICENSE AGREEMENT This License Agreement ( Agreement ) is entered into as of _____________ 2009 by and between CENTURY WILSHIRE INC. a California corporation ( Licensee ) whose principal place of business is 9400 Culver Boulevard Culver City California 90232 and THE CULVER CITY REDEVELOPMENT AGENCY a public body corporate and politic ( Licensor ). RECITALS A. Licensee owns and operates the Culver Hotel located at 9400 Culver Boulevard Culver City California 90232 (the Culver Hotel ) which does not have any on site parking. B. Licensor built a small parking lot in 2003 near the Culver Hotel (the Washington Parking Lot ) located within the Town Plaza that provided short term parking for surrounding businesses including the Culver Hotel. The Washington Parking Lot was closed as a result of the realignment of Washington Boulevard and will be redeveloped as an expansion to the existing Town Plaza. C. Licensor desires to offer and Licensee desires to accept a license for Licensee s use of free and unlimited Culver Hotel guest parking passes (the Unlimited Parking Passes ) that may be used to access parking in the following parking structures (collectively the Parking Structures ): (i) the Cardiff Parking Structure located at 3846 Cardiff Avenue Culver City California ( Cardiff ) (ii) the Ince Parking Structure located 9099 Washington Boulevard Culver City California ( Ince ) and (iii) the Watseka Parking Structure located 3844 Watseka Avenue Culver City California ( Watseka ). The Parking Structures are owned by the Licensor and are more specifically described in the Legal Descriptions attached hereto as Exhibits A B and C respectively. D. Licensor also desires to o...
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