TITLE
Recommendation to authorize City Manager to convey title for Block 3 and Block 4 of the J.W.A. Off Subdivision, held in the City of Long Beach’s name, to the Long Beach Transportation Company. (Districts 4,6)
DISCUSSION
In 1960, City Council was engaged in an effort to acquire a private, for profit, Motor Company to provide public transportation in the City. At the time, the Motor Company was providing transportation services to the public; however, the service levels were unreliable, the public vehicles were experiencing significant deterioration, and there was a looming strike by the employees of the Motor Company.
On November 6, 1962, the residents of Long Beach voted in support of Proposition Y, which provided authority to the City Council to establish a Transportation Fund and levy a special tax not to exceed five cents on each one hundred dollars of the assessed value of all taxable property in the City, to acquire, develop, operate, or maintain a public transportation system. As a result, the City created the non-profit Long Beach Transportation Company (LB Transit), in which the City is the sole shareholder, to acquire the Motor Company and its assets, to operate a public transportation system and otherwise implement the actions authorized under Proposition Y. Funds collected from the special tax were paid from the City to LB Transit in furtherance of the objectives of Proposition Y.
In 1966, the Board of Directors of LB Transit adopted an extensive long-term capital improvement program that focused on consolidating operations and maintenance, enhancing its fleet with acquisition of new buses, acquiring land and constructing new facilities. Over the next number of years, land between Cherry Avenue and Rose Avenue and between Anaheim Street and 14th Street (Site) (Attachment), was acquired by LB Transit. Funding sources included Proposition Y funds, Urban Mass Transportation Act of 1964 federal grants, and LB Transit operating funds. As parcels ...
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