Results of 12-29 meeting:
The Board voted to approve the new circumstances (ie: a tentative sale of a
portion to Target & Home Depot, with funding remaining from the CRA for the
developer, CIM). However, the Board members spent a very long time
discussing living wages and how they could force Target and Home Depot to
do that, which might be a deal breaker for the two corporations. For the
moment CIM is happy, and will break off negotiations with LAUSD, which was
apparently offering more money than Target/Home Depot.
SPECIAL AGENCY MEETING 12-29-05 8:00 a.m.
Notice is hereby given that the Chairman of the Community Redevelopment
Agency of the City of Los Angeles, California hereby calls a Special Meeting to
be held on THURSDAY, DECEMBER 29, 2005 at 8:00 a.m., at the Agency
office at 354 S. Spring
St., Los Angeles, California, for the following purpose:
ACTION ITEM
HOLLYWOOD CENTRAL REGION
1. APPROVAL OF AN OWNER PARTICIPATION AGREEMENT WITH
CIM/PICO, LP FOR COMMERCIAL REDEVELOPMENT AT THE MIDTOWN
PLAZA PROJECT SITE, LOCATED AT THE INTERSECTION OF PICO AND
SAN VICENTE BOULEVARDS, AND THE ADOPTION OF A RESOLUTION
FINDING THAT THE FUNDING OF OFFSITE PUBLIC IMPROVEMENTS AND
RELOCATION OF THE MTA BUS TRANSFER STATION AT MIDTOWN PLAZA
IS OF BENEFIT TO THE PROJECT AREA (Councilmember Wesson,
Jr., CD #10)
Presenters: Helmi Hisserich / Oscar Jauregui / John Perfitt
The Board voted to approve the new circumstances (ie: a tentative sale of a
portion to Target & Home Depot, with funding remaining from the CRA for the
developer, CIM). However, the Board members spent a very long time
discussing living wages and how they could force Target and Home Depot to
do that, which might be a deal breaker for the two corporations. For the
moment CIM is happy, and will break off negotiations with LAUSD, which was
apparently offering more money than Target/Home Depot.
SPECIAL AGENCY MEETING 12-29-05 8:00 a.m.
Notice is hereby given that the Chairman of the Community Redevelopment
Agency of the City of Los Angeles, California hereby calls a Special Meeting to
be held on THURSDAY, DECEMBER 29, 2005 at 8:00 a.m., at the Agency
office at 354 S. Spring
St., Los Angeles, California, for the following purpose:
ACTION ITEM
HOLLYWOOD CENTRAL REGION
1. APPROVAL OF AN OWNER PARTICIPATION AGREEMENT WITH
CIM/PICO, LP FOR COMMERCIAL REDEVELOPMENT AT THE MIDTOWN
PLAZA PROJECT SITE, LOCATED AT THE INTERSECTION OF PICO AND
SAN VICENTE BOULEVARDS, AND THE ADOPTION OF A RESOLUTION
FINDING THAT THE FUNDING OF OFFSITE PUBLIC IMPROVEMENTS AND
RELOCATION OF THE MTA BUS TRANSFER STATION AT MIDTOWN PLAZA
IS OF BENEFIT TO THE PROJECT AREA (Councilmember Wesson,
Jr., CD #10)
Presenters: Helmi Hisserich / Oscar Jauregui / John Perfitt
Last update (JFM)
Dec 30, 2005
Dec 30, 2005
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