TITLE
Recommendation to receive supporting documentation into the record, conclude the public hearing, and adopt resolution making certain findings for an Owner Participation Agreement with Parker Diving Service, Inc., for development of 1650 Seabright Avenue and
1881 West 16th Street; and
Request City Manager, or designee, to accept an easement deed for alley widening at 1650 Seabright Avenue and 1881 West 16th Street. (District 1)
DISCUSSION
The Long Beach Redevelopment Agency (Agency) has concluded the negotiation of an Owner Participation Agreement (Agreement) with Parker Diving Service, Inc. (Developer), for the sale and development of Agency owned properties located at 1650 Seabright Avenue and 1881 West 16th Street (Site) (Exhibit A - Site Map). The Site is located in the Westside Industrial Redevelopment Project Area.
The Developer is the oldest continually operating diving company in California. It has been servicing the Ports of Long Beach and Los Angeles since 1945, and currently holds the General Diving Services contract for the Port of Long Beach. The company employs highly experienced diver-technician teams for underwater surveys; inspections; damage assessments; repairs; maintenance; and remediation of hazardous materials in and around harbors, marinas and construction projects worldwide. The Developer is owned and operated by management personnel who formerly worked as civilian employees for the United States Navy and have over 30 years experience in this field. Their work with the government also included diving in the Naval Nuclear Program as quality control inspectors and the development and engineering of special underwater equipment for nuclear submarines.
In 2004, the Agency facilitated the Developer's relocation to Long Beach through a property acquisition at 1651 Seabright Avenue. Since then, the company has enjoyed a continuous increase in business creating a need for additional space. The Developer intends to purchase the Agency ...
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