TITLE
Recommendation to authorize City Manager to enter into a Reimbursement Agreement with Boeing Realty Corporation for the reimbursement costs related to the master planning of Boeing’s 100-acre project north of Cover Street. (District 5)
DISCUSSION
Boeing Realty Corporation (BRC) has requested to modify its existing land use plan that was approved by City Council in December 2004. BRC has commenced efforts to redesign 100-acres of its approved master plan located between Lakewood Boulevard and Paramount and between Carson Street and Cover Street (see attached map). Staff has determined that the redesign of the already approved master plan may necessitate subsequent discretionary actions, possible amendments to the existing entitlements, and possible subsequent environmental review as per the California Environment Quality Act.
The BRC has agreed to participate in a Reimbursement Agreement between the City and BRC. The Agreement will allow the City to maintain an arms-length relationship with BRC by authorizing the City to select and utilize its own consultants independent of those used by BRC. City staff and consultants assigned to work on the Douglas Park project will continue to report through their respective City departments for direction and feedback.
Key terms of the Agreement are as follows:
· The Agreement is effective December 1,2006 through December 31,2007. This will allow the City to recapture expenses incurred since the beginning of the City's coordination efforts with BRC associated with the redesign, as they have already commenced.
· For budgeting purposes, staff estimates total costs of $246,000 to be reimbursed by BRC. The City expects to be reimbursed only for those expenses actually incurred. If actual costs do not exceed estimated total costs of $246,000, BRC is not liable for payment to the City beyond the actual expenses incurred.
· In the event actual costs exceed the estimated costs set forth in the Reimbursement Agreement, BR...
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