TITLE
Recommendation to authorize City Manager, or designee, to execute all documents necessary for a Proposed Lease, with an Option to Purchase, by and between the City of Long Beach and Centro C.H.A, Inc., a California 501(c)(3) corporation, for City-owned property located at 1850-1862 Atlantic Avenue for youth workforce development, civic leadership, inclusive entrepreneurship training, and community services. (District 6)
DISCUSSION
The City of Long Beach (City) currently owns the property located at 1850-1862 Atlantic Avenue, Assessor Parcel Number 7210-016-904 (Subject Property) (Attachment A). The Subject Property is approximately 14,663 square feet, and improved with a 4,800-square-foot building, a playground, and an adjacent parking lot. The Subject Property was previously purchased for a total of $800,000, utilizing the Refuse and Recycling Fund. At the time of purchase, the proposed use was the development of an educational environmental recycling demonstration depot. Because the original intended use was later determined to be infeasible, the City has explored alternative public benefit uses for the Subject Property, which would require the Refuse and Recycling Fund to be compensated for its original purchase of the Subject Property. In 2017, the City entered into a lease agreement with the Jenni Rivera Love Foundation (Foundation) for the provision of childcare and cultural programming at the Subject Property. However, costs associated with security, maintenance, and retrofit resulted in the Foundation terminating the agreement and returning the property to the City. Since then, the City has been absorbing significant unbudgeted monthly costs for maintenance and security to prevent break-ins and further deterioration of the Subject Property.
On June 18, 2019, the City Council authorized the execution of a Letter of Intent (LOI) with Centro C.H.A., Inc. (Centro C.H.A.), to develop a Lease with an Option to Purchase (Lease) for the Subject P...
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