Report to Carson Reclamation Authority
Thursday, December 28, 2023
Discussion
SUBJECT:
Title
CONSIDER AN ECONOMIC DEVELOPMENT BENEFIT AGREEMENT BY AND BETWEEN THE CITY OF CARSON, THE CARSON RECLAMATION AUTHORITY, A CALIFORNIA JOINT POWERS AUTHORITY, AND CAM-CARSON, LLC, A LIMITED LIABILITY COMPANY, TO PROVIDE AN ECONOMIC DEVELOPMENT SUBSIDY FOR THE DEVELOPMENT OF A PORTION OF THE FORMER CAL-COMPACT LANDFILL, 20400 SOUTH MAIN STREET, CARSON; AND, RESOLUTION NO. 23-18-CRJPA, A RESOLUTION AMENDING THE AUTHORITY'S BUDGET FOR FISCAL YEAR 2023-2024
Body
I. SUMMARY
The City is proposing to enter into an agreement with the Carson Reclamation Authority (the "CRA") and CAM-Carson, LLC ("CAM") to provide financial assistance in the form of an economic development subsidy to the CRA as described in the Economic Development Benefit Agreement, pursuant to Section 53083(a) and (b) of the California Government Code (AB 562).
On November 6, 2018, the City's voters approved a new Charter for the City of Carson ("Charter") which included a comprehensive set of economic development incentives and programs to promote development within the City of Carson, to create jobs and to preserve the sound fiscal basis of City. It includes the specific goal of establishing the City as an economic powerhouse at the center of major regional transportation corridors, based on the unique development opportunities within the City and its location within Los Angeles County.
Given the dissolution of the City's former Redevelopment Agency, Section 206(B) of the Charter contains a specific objective to implement a local program to accomplish the City's economic development purposes, including the redevelopment of various properties within the City that are vacant, contaminated, blighted, and/or were formerly operated as landfills, such as the former Cal Compact Landfill owned by the CRA.
The authorities established under the Charter include, among other things, the allowance of the City to mak...
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