City of Long Beach - File #: 09-103R

• File #: 09-103R
• Version: 1
• Name: Reso & OPA w/McFadden Family Trust re: 1652-1660 W. 15th St.
• Type: RDA-Resolution
• Status: Adopted
• File created: 9/15/2009
• In control: Redevelopment Agency Board
• On agenda: 9/21/2009
• Final action: 9/21/2009
• Title: Recommendation to receive supporting documentation into the record, conclude the public hearing, and adopt the resolution finding that the consideration for the sale of certain real property in the West Long Beach Industrial Redevelopment Project Area is not less than fair market value in accordance with covenants and conditions governing such sale, and approving the sale of property to the McFadden Family Trust; and Authorize the Executive Director to execute an Owner Participation Agreement with McFadden Family Trust for the development of 1652-1660 W. 15th Street. (West Long Beach Industrial - District 1)
• Related files: 09-034R, 10-125R, 09-1179

Date	Ver.	Action By	Action	Result
9/21/2009	1	Redevelopment Agency Board	approve recommendation and adopt	Pass

TITLE

Recommendation to receive supporting documentation into the record, conclude the public hearing, and adopt the resolution finding that the consideration for the sale of certain real property in the West Long Beach Industrial Redevelopment Project Area is not less than fair market value in accordance with covenants and conditions governing such sale, and approving the sale of property to the McFadden Family Trust; and

Authorize the Executive Director to execute an Owner Participation Agreement with McFadden Family Trust for the development of 1652-1660 W. 15^th Street. (West Long Beach Industrial - District 1)

SUGGESTED ACTION

Approve recommendation.