TITLE
Recommendation to authorize City Manager to execute any and all documents necessary for the conveyance of the property described in Exhibit "A" to the City of Long Beach from the Redevelopment Agency of the City of Long Beach;
Authorize City Manager to execute any and all documents necessary for the conveyance of the assets described in Exhibit "B" to the City of Long Beach from the Redevelopment Agency of the City of Long Beach;
Authorize City Manager to execute any and all documents necessary for the assignment of the agreements described in Exhibit "C" to the City of Long Beach from the Redevelopment Agency of the City of Long Beach;
Increase appropriations in the Redevelopment (RD) Fund in the Department of Development Services by $50 million to effectuate the transfer of funds to the Capital Projects (CP) Fund in the Department of Development Services to implement the Second Amendment to Amended and Restated Agreement for Services Between the City of Long Beach and the Long Beach Redevelopment Agency; and
Increase appropriations in the Capital Projects (CP) Fund in the Department of Development Services by $100 million to implement the Second Amendment to Amended and Restated Agreement for Services Between the City of Long Beach and the Long Beach Redevelopment Agency. (Citywide)
DISCUSSION
For 50 years, the Redevelopment Agency of the City of Long Beach (Agency) has fulfilled its core mission of eliminating blight, improving neighborhoods, promoting economic development and enhancing the quality of life for residents, businesses and community stakeholders. In recent years, the Agency has taken a leadership role in basic neighborhood revitalization initiatives to improve public safety, leverage private investment, create jobs and fund public infrastructure projects. The Agency has accumulated land holdings throughout its redevelopment project areas in order to remove blighting influences, assemble parcels suitable for commercial or residenti...
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