TITLE
Recommendation to receive the supporting documentation into the record, conclude the public hearing, and adopt resolution making certain findings and approving and authorizing the Executive Director of the Redevelopment Agency to execute a Disposition and Development Agreement with Darryl Deleske, dba Marinus Scientific. (District 1)
DISCUSSION
Redevelopment Agency (Agency) staff has concluded the negotiation of a Disposition and Development Agreement (Agreement) with Darryl Deleske, dba Marinus Scientific (Developer) for the sale and development of Agency-owned property located at 1662, 1664 and 1666 Seabright Avenue (Site), commonly known as Assessor Parcel Number 7432-001-017 (Exhibit A). The Site is located in the West Long Beach Industrial Redevelopment Project Area (Project Area).
Marinus Scientific, a biomedical research company, has been providing live marine specimens for government agencies, educational and research institutions for over 20 years. For over 15 years, Marinus Scientific has leased property in the Project Area. The Developer left Long Beach two years ago due to rising rental costs and the lack of available for-sale properties in the Project Area. The Developer has outgrown his current location and hopes to return to Long Beach as a property owner.
The Developer proposes to build a 4,000 square foot, one-story research facility with office space; warehouse space and a secured salt-water storage tank to house live marine invertebrates. No sea mammals are used for research purposes and no toxic or hazardous materials are used in the operation of the facility. Three current employees will be retained and two new jobs will be created in the Project Area.
The Agreement includes the following major provisions:
*Under the terms of the Agreement, the Devkloper will pay the Agency $14.75 per square foot, or $143,886, as compensation for the approximately 9,755 square foot Site.
*The Developer will utilize the Site in accordance with th...
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