TITLE
Recommendation to authorize City Manager, or his designee, to enter into a Parking License Agreement with Michael Ryan Peterson and Lisa Marie Peterson, or their Successor Trustees, Trustees of the Peterson 1994 Family Trust, dated September 2, 1994, and all other documents and amendments thereto, for the continued use of eight parking spaces within the development known as “The Lofts on 4th,” located at the southwest corner of East Fourth Street and Alamitos Avenue. (District 1)
DISCUSSION
In 2001, the City Council authorized the execution of a Disposition and Development Agreement (DDA) between the former Redevelopment Agency of the City of Long Beach (RDA), now known as the Successor Agency to the Redevelopment Agency of the City of Long Beach (Successor Agency), and Team Lofts, LLC (Developer), for the development of The Lofts on 4th at the southwest corner of East Fourth Street and Alamitos Avenue. The DDA required that the Developer construct, operate and maintain 40 parking spaces for public use on the site. In addition, the Developer was required to provide an additional eight parking spaces for the exclusive use of the RDA.
To memorialize the use of the parking spaces, the Developer and the RDA executed a Parking Easement Agreement that set forth the covenants, conditions and restrictions related to the use, maintenance and management of the RDA parking spaces. The Parking Easement Agreement further allowed the RDA to license the parking spaces to third parties at its sole discretion. In 2001, the RDA executed a Parking License Agreement with the Licensee for the use of the RDA parking spaces, which terminated on August 1, 2015. The Licensee continues to occupy the parking spaces on a month-to-month holdover.
During the term of the agreement, the dissolution of the RDA occurred, and the Parking Easement Agreement came under the jurisdiction of the Successor Agency. Attempts by the Successor Agency to extend the contract were rejected by...
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