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File #: 22-880    Version: 1 Name:
Type: Minute Order Status: Action Item
File created: 3/22/2022 In control: City Council Meeting Agenda
On agenda: 4/11/2022 Final action:
Title: CC-ACTION ITEM: Selection and Approval of REthink Development as the Preferred Replacement Developer of City-Owned Property at 9814 Washington Boulevard.
Attachments: 1. REthink conceptual design - Paskan
title
CC-ACTION ITEM: Selection and Approval of REthink Development as the Preferred Replacement Developer of City-Owned Property at 9814 Washington Boulevard.

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Meeting Date: April 11, 2022

Contact Person/Dept: Todd Tipton CDD/Economic Development
Phone Number: (310) 253-5783

Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X]

Attachments: Yes [X] No []

Commission Action Required: Yes [] No [X] Date:
Commission Name:

Public Notification: (E-Mail) Meetings and Agendas - City Council (4/06/2022); (E-Mail) Downtown Business Association (4/06/2022).

Department Approval: Sol Blumenfeld (3/30/2022)
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RECOMMENDATION

Staff recommends the City Council select and approve REthink Development (REthink) as the preferred replacement developer of City-owned property at 9814 Washington Boulevard (Property).


BACKGROUND

The Property is comprised of a 6,950 square foot parcel and a dilapidated 2,775 square-foot house built in 1921. The rearmost portion of the Property currently serves as a utility loading facility and craft service area for the Kirk Douglas Theatre (KDT) that exists at 9820 Washington Boulevard (immediately adjacent to the Property).

In 2001, the former Culver City Redevelopment Agency entered into a Disposition and Development Agreement (DDA) with Center Theatre Group (CTG) to renovate and occupy the former Culver Theater (now KDT) and lease the rearmost portion of the Property. Pursuant to the DDA, CTG leases the theater and rearmost portion of the Property for 60 years (with a 10-year option) at a rate of $1 annually.

On November 9, 2020, the City Council authorized execution of an Exclusive Negotiating Agreement (ENA) with CTG to investigate development of the Property with an arts-related use on the ground floor and affordable housing above. The ENA stipulates the Property must be conveyed by the City no...

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