TITLE
Recommendation to approve and authorize Department of Development Services to process a refund in the amount of $21,033 to Studebaker LB, LLC, for the property located at 400 North Studebaker Road. (District 3)
DISCUSSION
In November 2008, Studebaker LB, LLC (Applicant), submitted a deposit in the amount of $33,754 to cover expenses and fees related to the then-proposed East Side Home Improvement Center EIR Project (Home Depot Design Center) located at 400 North Studebaker Road. To date, the Planning Bureau has drawn a total of $12,721 to reimburse expenses incurred on the EIR. Work on this project has ceased and the owner is entitled to a refund of $21,033; the remaining balance of the original deposit.
In accordance with Long Beach Municipal Code, Section 3.48.040, which requires that refunds exceeding $10,000 be approved by the City Attorney and City Council, an approval to process the refund is requested on behalf of the Applicant.
This matter was reviewed by Assistant City Attorney Michael Mais on January 7, 2013 and by Budget Management Officer Victoria Bell on January 17, 2013.
TIMING CONSIDERATIONS
City Council action is requested on February 5, 2013, to expedite processing of the refund.
FISCAL IMPACT
The amount of $21,033 will be refunded from the Development Services Fund (SR 137). There will be no impact to the general fund and no local job impact as a result of the recommended action.
SUGGESTED ACTION
Approve recommendation.
Respectfully Submitted,
AMY J. BODEK, AICP
DIRECTOR OF DEVELOPMENT SERVICES
APPROVED:
PATRICK H. WEST
CITY MANAGER