TITLE
Recommendation to direct City of Long Beach as the Successor Agency to the Redevelopment Agency of the City of Long Beach staff to seek Oversight Board approval of the transfer of ownership of 215-221 E. 1st Street/124 The Promenade North, Assessor Parcel Numbers 7280-028-900, -901, -902 and -909, to the City of Long Beach; authorize City Manager and the Director of Development Services to execute any and all documents necessary to complete the transfer upon approval by the Oversight Board and State of California Department of Finance; and accept the Categorical Exemption CE 14-094. (District 2)
DISCUSSION
The Successor Agency to the Redevelopment Agency of the City of Long Beach (Successor Agency) currently owns the property located at 215-221 E. 1 st Street/124 The Promenade North, Assessor Parcel Numbers 7280-028-900, -901, -902 and -909 (Subject Property) (Exhibit A - Site Map). The Successor Agency acquired the Subject Property in the 1980's as part of a now-defunct Urban Development Action Grant program from the federal government to facilitate the creation of open space and mobility options. The former use was as a concert amphitheater and bus station. In 2010, as part of the multiyear development of the Promenade, the properties were redeveloped and rededicated as Promenade Square Park. The public park provides flexible open space consistent with a high level of pedestrian oriented commercial and entertainment activity balanced with outdoor dining, retail sales, public markets, arts and crafts shows, concerts and other similar uses. Promenade Square Park also includes a full service BikeStation, which acts as a multi-modal hub for bicycle users to transfer to the adjacent METRO Blue Line light rail or to bus service provided by Long Beach Transit along the Transit Mall.
In compliance with AB1484, the Successor Agency submitted its Long Range Property Management Plan (LRPMP) to the California State Department of Finance (OaF) for review in Octob...
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