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CC - Approval of a Sublease with The Actors' Gang for Use of the Ivy Substation for a 10-Year Term with an Option to Renew for up to Eight Years.
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Meeting Date: December 10, 2018
Contact Person/Dept: Elaine Warner/CDD
Todd Tipton/CDD
Phone Number: (310) 253-5777
Fiscal Impact: Yes [X] No [] General Fund: Yes [X] No []
Public Hearing: [] Action Item: [] Attachments: Yes [X] No []
Commission Action Required: Yes [] No [X] Date:
Public Notification: (E-Mail) Meetings and Agendas - City Council (12/05/18); Downtown Business Association (12/06/18)
Department Approval: Sol Blumenfeld, Community Development Director (11/29/18)
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RECOMMENDATION
Staff recommends the City Council approve a sublease with The Actors' Gang for use of the Ivy Substation for a 10-year term with an option to renew the sublease for up to eight additional years.
BACKGROUND
On June 8, 1987, the City of Los Angeles entered into a 40-year lease and 10-year option with the former Culver City Redevelopment Agency (CCRA), which was assigned to the City in August 2017. The current lease will expire in June 2037.
In 2005 and 2010, the CCRA entered into license agreements with the Actors' Gang for use of the Ivy Substation to produce live theatrical productions, provide 60 community access days and implement building maintenance up to $15,000 per year. In 2016, the City and the Actors' Gang began property license renewal discussions and temporarily extended the license in order to complete negotiations.
In August 2017, the City commissioned Walker Consultants to prepare a comprehensive building and systems analysis with a corresponding maintenance plan. (Attachment 1). The plan identifies improvement priorities over the next 10 years.
DISCUSSION
Since 2005, The Actors' Gang has occupied the Ivy Substation cultivating Cul...
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