Long Beach, CA
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File #: 20-0456    Version: 1 Name: PW - Civic Center third amendment
Type: Contract Status: CCIS
File created: 5/4/2020 In control: City Council
On agenda: 5/19/2020 Final action: 5/19/2020
Title: Recommendation to authorize City Manager, or designee, to execute an amendment to Contract No. 34242 with Plenary Properties Long Beach, LLC, of Los Angeles, CA, modifying the conditions of final occupancy. (District 2)
Sponsors: Public Works
Attachments: 1. 051920-R-18sr.pdf
TITLE
Recommendation to authorize City Manager, or designee, to execute an amendment to Contract No. 34242 with Plenary Properties Long Beach, LLC, of Los Angeles, CA, modifying the conditions of final occupancy. (District 2)

DISCUSSION
On December 15, 2015, the City Council approved an agreement (Agreement) with Plenary Properties Long Beach, LLC (Plenary), for the design, build, finance, operation, and maintenance of a new Civic Center, including a City Hall, Main Library, Port of Long Beach Headquarters, and revitalized Lincoln Park (Project). Over the past three years, the Project team has worked to construct modern and efficient facilities that meet the requirements of City operations. Plenary met the Project completion date and delivered the buildings on June 30, 2019. Demolition of the old Main Library is underway in preparation for development of a new Lincoln Park (Park), which is scheduled to be complete by September 30, 2021.

As specified in the Agreement, the old City Hall site (Mid-block site) is to be transferred to Plenary (or its approved assignee) for development of a private mixed-use project. Entitlements for the Mid-block site were approved by the Planning Commission at its meeting on March 19, 2020. The project includes 580 residential units, of which 58 units are affordable, and 35,000 square feet of retail space. The Mid-block site development also includes construction of Cedar Avenue between Ocean Boulevard and Broadway to further improve access throughout the downtown area.

Conveyance of the Mid-block site was scheduled to be finalized in April 2020; however, due to the economic impacts of the COVID-19 pandemic, the planned development has stalled. Plenary has requested the City acknowledge these impacts and extend the conveyance timeline. Plenary believes its development partner will have a clearer understanding of the financial markets and its ability to fund the construction of the private development by the fourth quart...

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