TITLE
Recommendation to accept the assignment by the Successor Agency of Successor Agency obligations under the Agreement Containing Covenants Affecting Real Property with Olson 737 - Long Beach 2, LLC;
Accept the assignment by the Successor Agency of Successor Agency obligations under the Agreement Containing Covenants Affecting Real Property with Lennar Long Beach Promenade Partners, LLC;
Accept the assignment by the Successor Agency of Successor Agency obligations under the Agreement Containing Covenants Affecting Real Property with Lyon Promenade, LLC;
Accept the assignment by the Successor Agency of Successor Agency obligations under the Agreement Containing Covenants Affecting Real Property with Temple Creative Realty, LLC; and
Approve and authorize City Manager to execute and take all actions reasonably necessary to enter into maintenance contracts with selected vendors for maintenance of the Promenade Maintenance District, not to exceed the funds available in the Promenade Maintenance District fund. (District 2)
DISCUSSION
The Promenade Master Plan improvements between Ocean Boulevard and Third Street have been constructed by the former Redevelopment Agency in three phases over the past five years. Improvements on each block include upgraded storm drains, landscaping and irrigation, new hardscape, pedestrian and area lighting, pneumatic bollards at the north and south entries, new traffic signals, gateway signage, public art, and site furnishings. The improvements also included the construction of the Promenade Square public park on First Street and The Promenade. The final phase of improvements, the north block between Third Street and Broadway and the Harvey Milk Promenade Plaza, was recently completed and is currently in the 90-day post-construction maintenance period.
As part of the Disposition and Development Agreements for the redevelopment of former Redevelopment Agency properties adjacent to or near The Promenade, the former Redevel...
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