City of Long Beach - File #: 09-104R

• File #: 09-104R
• Version: 1
• Name: Reso & OPA w/Parker Diving Svc. Inc. re: 1881 W. 16th St. & 1650 Seabright Ave.
• Type: RDA-Resolution
• Status: Adopted
• File created: 9/15/2009
• In control: Redevelopment Agency Board
• On agenda: 9/21/2009
• Final action: 9/21/2009
• Title: Recommendation to receive supporting documentation into the record, conclude the public hearing, and adopt the resolution finding that the consideration for the sale of certain real property in the West Long Beach Industrial Redevelopment Project Area is not less than fair market value in accordance with covenants and conditions governing such sale; approving the sale of property to Parker Diving Service, Inc.; approving the Owner Participation Agreement pertaining thereto; and Authorize the Executive Director to execute an Owner Participation Agreement with Parker Diving Service, Inc., for the development of 1881 W. 16th Street and 1650 Seabright Avenue. (West Long Beach Industrial - District 1)
• Related files: 09-043R, 11-070R, 09-1146

Date	Ver.	Action By	Action	Result
9/21/2009	1	Redevelopment Agency Board	approve recommendation and adopt	Pass

TITLE

Recommendation to receive supporting documentation into the record, conclude the public hearing, and adopt the resolution finding that the consideration for the sale of certain real property in the West Long Beach Industrial Redevelopment Project Area is not less than fair market value in accordance with covenants and conditions governing such sale; approving the sale of property to Parker Diving Service, Inc.; approving the Owner Participation Agreement pertaining thereto; and

Authorize the Executive Director to execute an Owner Participation Agreement with Parker Diving Service, Inc., for the development of 1881 W. 16^th Street and 1650 Seabright Avenue.

(West Long Beach Industrial - District 1)

SUGGESTED ACTION

Approve recommendation.