Approval of a Professional Services Agreement with NBS for Special Tax Consulting Services Related to the Development of a Community Facilities District for the Washington/National Transit Oriented District. City of Culver City California Agenda Item Report Meeting Date: January 23 2012 CITY COUNCIL AGENDA ITEM: Approval of a Professional Services Agreement with NBS for Special Tax Consulting Services Related to the Development of a Community Facilities District for the Washington/National Transit Oriented District. Contact Person/Dept.: Elaine Warner Phone Number: 310.253.5777 Item Number: C 7 Fiscal Impact: Yes X No General Fund: Yes No X Public Hearing: Action Item: Attachments: X Commission Action Required: Yes No X Date: _______________ Public Notification: Agenda and Meetings City Council (01/19/12) Property Owners in the Transit Oriented Development District (1/12/12) Department Approval: Sol Blumenfeld: (1/18/12) Chief Financial Officer Approval: Jeff Muir (01/18/12) City Attorney Approval: Carol Schwab (by H. Baker) (01/18/12) City Manager Approval: John M. Nachbar (01/19/12) RECOMMENDATION: Staff recommends the City Council approve a professional services agreement with NBS for special tax consulting services related to the development of a Community Facilities District (CFD) for the Washington/National Transit Oriented District in an amount not to exceed $48 750. BACKGROUND: Over the last four years staff has prepared detailed land use studies of the Washington/National transit oriented development site at the Phase I terminus of the Exposition Light Rail Line connecting downtown Los Angeles with the Westside and Culver City. A large part of this analysis focused on developing a placemaking project that will improve mobility connect neighborhoods and provide streetscape and open space amenities for the area. To capital improvements/infrastructure and the ongoing maintenance of such improvements for the Washington/National area. Currently the area surround...
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