TITLE
Recommendation to authorize City Manager, or designee, to execute all documents necessary for an Amended and Restated Management Agreement with Bixby Knolls Business Improvement Association, for the continued occupancy and management of City-owned property at 4321 Atlantic Avenue; and
Increase appropriations in the General Fund (GF) in the Economic and Property Development Department (EP) by $22,105, offset by revenue received from the North Redevelopment Agency project area’s 75 percent share of the proceeds from the sale of former Redevelopment Agency property. (District 8)
DISCUSSION
The City of Long Beach (City) is the owner of an approximate 19,137 square-foot building located on approximately 40,970 square feet of land at 4321 Atlantic Avenue, more commonly known as the Expo Community Center (Subject Property). The Subject Property was purchased in 2008 by the former Redevelopment Agency (RDA) in an effort to further foster economic growth along the Atlantic Avenue corridor. Since 2009, the Bixby Knolls Business Improvement Association (BKBIA) has occupied a portion of the Subject Property to house its administrative offices and to manage community serving activities occurring at the Subject Property including, but not limited to, children’s art programs, senior programs, and community meetings.
The Subject Property remained under ownership of the RDA until the passage of Assembly Bill x1 26 and Assembly Bill 1484 with the signing of the California State Budget on June 29, 2011. Said legislation provided for the dissolution of all Redevelopment Agencies throughout the State and required the disposition of former RDA properties pursuant to a Long Range Property Management Plan (LRPMP). The Subject Property is included in the LRPMP, which was approved by the State Department of Finance on March 10, 2015. The Subject Property is categorized as “Government Use,” allowing for its transfer to the City for continued use for governmental purposes.
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