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 5870 Atlantic Avenue, Assessor Parcel Numbers 7124-032-900 through -918, 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 14-097. (District 9)
DISCUSSION
The Successor Agency to the Redevelopment Agency of the City of Long Beach (Successor Agency) currently owns the property located at 5870 Atlantic Avenue, Assessor Parcel Numbers 7124-032-900 through 918 (Subject Property) (Exhibit A - Site Map). The Successor Agency assembled the Subject Property from 2005-2007 consistent with the goals of the North Long Beach Strategic Guide for Redevelopment, which identified the two-block area along Atlantic Avenue between 56th and 59th Streets as a Target Site for potential newdevelopment related to the creation of a strong Village Center in North Long Beach. The vision of the Guide was for the area around the intersection of Atlantic Avenue and South Street to be developed as the principal neighborhood center/town center for North Long Beach. Pedestrian-oriented retail uses would be expanded along street frontages, streetscape and parking improvements would be implemented, and public uses, arts and cultural facilities and pocket parks be developed as appropriate. Under the Guide, the property at 59th Street and Atlantic Avenue has been identified as the site for the new North Library, which is currently proceeding to construction. An Environmental Impact Report for this project was completed in November 2009. This project was identified in the scope of public projects for which Recovery Zone Economic Development bonds were issued in late 2010, w...
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