City Council Meeting: February
26, 2008
Agenda Item: 7-A
To: Mayor and City Council
From: Marsha Jones Moutrie,
City Attorney
Subject: ORDINANCES APPROVING THE DEVELOPMENT AGREEMENT AMENDMENT BETWEEN THE CITY AND MAGUIRE PROPERTIES – 3030 OLYMPIC, LLC, A DELAWARE LIMITED LIABILITY COMPANY FOR LANTANA’S EAST AND THE DEVELOPMENT AGREEMENT AMENDMENT BETWEEN THE CITY AND MAGUIRE PROPERTIES – 3301 EXPOSITION, LLC, A DELAWARE LIMITED LIABILITY COMPANY FOR LANTANA SOUTH, TO ALLOW A FUNDING ALTERNATIVE TO CONSTRUCTING FACITIES AT EDISON SCHOOL CAMPUS FOR JOINT USE PUBLIC IMPROVEMENTS.
Recommended Action
Staff recommends that the City Council adopt
the attached ordinances.
Executive
Summary
At its meeting on February 12, 2008, the City Council introduced for first reading an ordinance approving the Development Agreement amendment between the City and Maguire Properties – 3030 Olympic, LLC, a Delaware Limited Liability Company for Lantana East; and it also introduced for first reading an ordinance approving the Development Agreement amendment between the City and Maguire Properties – 3301 Exposition, LLC, a Delaware Limited Liability Company for Lantana South, to allow a funding alternative to construction facilities at Edison School campus for joint use public improvements. The ordinances are now presented to the City Council for adoption.
Prepared by: Marsha Jones Moutrie, City
Attorney
Attachments:
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Approved: |
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Forwarded to Council: |
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Marsha
Jones Moutrie City
Attorney |
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P. Lamont Ewell City Manager |