Approval of a Fifth 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: 05/24/2010 REDEVELOPMENT AGENCY BOARD AGENDA Approval of a Fifth Implementation Agreement with Axis Mundi RE II LLC for Development of the Baldwin Site (12803 23 West Washington Boulevard) Contact Person/Dept.: John Fisanotti Phone Number: (310) 253 5767 Item Number: C 3 ITEM: Fiscal Impact: Yes X No General Fund: Yes No X Public Hearing: Action Item: X Attachments: Commission Action Required: Yes No X Date: _______________ Public Notification: (E Mail) Meetings and Agendas Redevelopment Agency (05/19/10) (E Mail) Redevelopment Agency Projects West Washington Boulevard. Department Approval: Sol Blumenfeld: (05/14/10) Chief Financial Officer Approval: Jeff Muir (by N. Kimball) (05/19/10) Agency General Counsel Approval: Murray O. Kane: (05/13/10) Interim Executive Director Approval: P. Lamont Ewell RECOMMENDATION: Staff recommends the Redevelopment Agency Board (Agency Board) approve a Fifth Implementation Agreement with Axis Mundi RE II LLC ( Axis Mundi ) for the development of the Baldwin Site located at 12803 23 West Washington Boulevard (the 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 lot to be operated in partnership with the City of Culver City underground parking for the offices users building environmentally friendly green features and a public art component that will be incorporated in the building s design. Four subsequent Implementation Agreements have been executed between the Culver City Redevelopment Agency (Agency) and Axis Mundi. The purpose of the...
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