Long Beach, CA
File #: 07-157R    Version: 1 Name: Reso & loan agree @ 635 E. Ocean along w/Stage III.
Type: RDA-Resolution Status: Adopted
File created: 10/30/2007 In control: Redevelopment Agency Board
On agenda: 11/5/2007 Final action: 11/5/2007
Title: · Adopt a Resolution making certain findings and approve and authorize the Executive Director to execute an Owner Participation Agreement with Shoreline Gateway, LLC; · Authorize the Executive Director to execute a loan guarantee in an amount not to exceed $6,000,000 for pre-development costs secured by developer-owned property at 635 East Ocean Boulevard; and · Approve Stage III design review plans for the Shoreline Gateway Project with conditions. (Central - District 2)
Related files: 07-123R, 07-018R, 06-114R, 12-0992, 09-092R, 12-037OB, 11-034R
TITLE
·      Adopt a Resolution making certain findings and approve
      and authorize the Executive Director to execute an
      Owner Participation Agreement with Shoreline
      Gateway, LLC;
 
·      Authorize the Executive Director to execute a loan guarantee in
      an amount not to exceed $6,000,000 for pre-development costs
      secured by developer-owned property at 635 East Ocean
      Boulevard; and
 
·      Approve Stage III design review plans for the Shoreline Gateway
      Project with conditions. (Central - District 2)
 
SUGGESTED ACTION
Approve recommendation.