TITLE
Recommendation to authorize City Manager, or designee, to execute any and all documents necessary, including a Real Estate Exchange Agreement, with Lennar Intergulf (150 Ocean), LLC, a Delaware limited liability company, for the exchange of property located along Seaside Way adjacent to 150 East Ocean Boulevard; and consider Mitigated Negative Declaration 03-15. (District 2)
DISCUSSION
The City of Long Beach currently owns property located along Seaside Way, west of Pine Avenue, Assessor Parcel Number 7278-005-916 (City Parcel). The City Parcel measures approximately 8,280 square feet and is currently being utilized as a surface parking lot. Lennar currently owns the property adjacent to the City Parcel, also known as 150 East Ocean Boulevard, Assessor Parcel Number 7278-005-150 (Lennar Parcel). Both parcels are illustrated on Attachment A. The City Parcel has always been contemplated for development into a park once Lennar proceeded with the development of the Lennar Parcel. As part of the design process, Lennar and the City have determined that both the park and the project would be better served if the City Parcel and Lennar Parcel could be reconfigured for optimal development. As such, approximately 1,840 square feet of the Lennar Parcel is proposed to be exchanged for 1,839 square feet of the City Parcel. Lennar will be required to complete the park improvements within two (2) years from the Notice of Final Action, dated June 1, 2015, or prior to the issuance of Certificate of Occupancy, whichever first occurs.
The Planning Commission reviewed and approved Site Plan Review and Local Coastal Development Permit requests related to the project on May 21, 2015. Further, in accordance with California Environmental Quality Act guidelines, the Planning Commission also certified Mitigated Negative Declaration 03-15 (Attachment B), which included the proposed land exchange.
This matter was reviewed by Deputy City Attorney Richard F. Anthony on O...
Click here for full text