TITLE
Recommendation to declare ordinance approving an application for a Development Agreement pursuant to Chapter 21.29 of the Long Beach Municipal Code; directing the City Attorney to prepare a Development Agreement embodying the application and key terms of the Development Agreement as approved by the City Council; and authorizing and directing the City Manager to execute, on behalf of the City of Long Beach, a Development Agreement with 400 Oceangate, Ltd., Eleven Golden Shore, L.P., and One Golden Shore, L.P., for the Golden Shore Development Project, read and adopted as read. (District 2)
DISCUSSION
The 5.87-acre project site is located on the south side of Ocean Boulevard at Golden Shore. The subject site extends from Ocean Boulevard to Shoreline Drive and includes parcels totaling 4.31 acres west of Golden Shore and a 1.56-acre parcel east of Golden Shore (Exhibit A - Location Map).
On March 18, 2010, the Planning Commission certified an Environmental Impact Report and adopted a Resolution with Findings of Fact and a Statement of Overriding Considerations; recommended approval of a Local Coastal Program Amendment and an Amendment to PD-6 to the City Council; and approved a Master Plan for the Golden Shore Project consisting of three development options with a maximum of 1,370 residential condominiums, 340,000 square feet of office space, 28,000 square feet of retail space, a 400-room hotel, 27,000 square feet of conference and banquet facilities, and up to 3,430 parking spaces (Exhibit B - Master Plan).
On April 20, 2010, the City Council adopted an Ordinance amending the Local Coastal Program and the Downtown Shoreline Planned Development District (PD-6) and approved the Golden Shore Master Plan that was forwarded to the California Coastal Commission (CCC) for consideration. At its June 16, 2011 meeting, the CCC approved the Local Coastal Program Amendment and Golden Shore Master Plan with suggested modifications that were subsequently approved by ...
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