JOINT CITY COUNCIL/REDEVELOPMENT AGENCY BOARD AGENDA ITEM: (1) Approval of a Purchase and Sale Agreement with Hackman Capital Partners to Purchase Public Parking Spaces at 8550 Higuera/8600 Hayden Place; and (2) Direction to Staff to Commence Formation of a Parking District in the Hayden Tract. Item Number: J 2 City of Culver City California Agenda Item Report Meeting Date: 01/30/12 JOINT CITY COUNCIL/REDEVELOPMENT AGENCY BOARD AGENDA ITEM: (1) Approval of a Purchase and Sale Agreement with Hackman Capital Partners to Purchase Public Parking Spaces at 8550 Higuera/8600 Hayden Place; and (2) Direction to Staff to Commence Formation of a Parking District in the Hayden Tract. Contact Person / Department: Joe Susca/CDD Todd Tipton/ CDD Fiscal Impact: Yes X No Public Hearing: Commission Action Required: Yes No X Date: _______________ Public Notification (E Mail) Redevelopment Agency Projects (01/27/12); (E Mail) Meetings and Agendas Redevelopment Agency (01/27/12); (E Mail) The Advisory Committee on Redevelopment (01/17/12); (E Mail) The Culver City Chamber of Commerce (01/17/12); (U.S. Post) A public notice was mailed to businesses residents and property owners in excess of a 500 radius of the site (01/17/12); (E Mail) Hackman Capital Partners (01/26/12). Department Approval: Sol Blumenfeld: (01/25/12) Phone Number: (310) 253 5763 (310) 253 5783 General Fund: Yes X No Attachments: X Action Item: X City Attorney Approval: Carol Schwab (by H. Baker) (01/25/12) City Special Counsel Approval: Murray Kane: (01/25/12) City Manager/Executive Director Approval: John M. Nachbar (01/26/12) Chief Financial Officer Approval: Jeff Muir (by N. Kimball)(01/26/12) RECOMMENDATION: Staff recommends the City Council approve a Purchase and Sale Agreement (Agreement) with Hackman Capital Partners (Hackman) to purchase 180 public parking spaces in a proposed parking structure at 8550 Higuera Street/8600 Hayden Place. BACKGROUND: The parking supply in the Hayden Tract is deficient and the Cit...
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