City of Long Beach - File #: 07-031R

• File #: 07-031R
• Version: 1
• Name: Contract - DCO Pine Avenue
• Type: RDA-Contract
• Status: Approved
• File created: 2/27/2007
• In control: Redevelopment Agency Board
• On agenda: 3/5/2007
• Final action: 3/5/2007
• Title: Recommendation to approve and authorize the Executive Director to execute an Agreement and all other related documents to complete a conversion of property at 110 West Sixth Street from rental to ownership; and, to approve a profit participation payment by the Owner, DCO Pine Avenue LP, to the Long Beach Redevelopment Agency in the amount of $700,000. (Downtown - District 1)

Date	Ver.	Action By	Action	Result
3/5/2007	1	Redevelopment Agency Board	approve recommendation	Pass

TITLE

Recommendation to approve and authorize the Executive Director to execute an Agreement and all other related documents to complete a conversion of property at 110 West Sixth Street from rental to ownership; and, to approve a profit participation payment by the Owner, DCO Pine Avenue LP, to the Long Beach Redevelopment Agency in the amount of  $700,000.  (Downtown - District 1)

DISCUSSION

[Description/Discussion]

TIMING CONSIDERATIONS

[Timing Considerations]

FISCAL IMPACT

[Fiscal Impact]

SUGGESTED ACTION

Approve recommendation.

BODY

[Enter Body Here]

Respectfully Submitted,

NAME	APPROVED:
TITLE
	GERALD R. MILLER
	CITY MANAGER