Report to Mayor and City Council
Tuesday, December 01, 2020
Discussion
SUBJECT:
Title
CONSIDER APPROVAL OF A MEMORANDUM OF AGREEMENT BETWEEN THE CITY OF CARSON AND PLENITUDE HOLDINGS, LLC REGARDING THE CREEK AT DOMINGUEZ HILLS PROJECT LOCATED ON THE SOUTHERLY PORTION OF VICTORIA GOLF COURSE ON APPROXIMATELY 94 ACRES; AND A MEMORANDUM OF AGREEMENT BETWEEN THE CITY OF CARSON AND THE COUNTY OF LOS ANGELES REGARDING CITY'S ENHANCED INFRASTRUCTURE FINANCING DISTRICT (CITY COUNCIL)
Body
I. SUMMARY
On November 24, 2020, the Los Angeles County Board of Supervisors ("Board") approved the ground lease for the Creek at Dominguez Hills project ("Project") located within southerly portion of the Victoria Golf Course. In addition, the Board approved a Memorandum of Agreement ("MOA") between the City and Plenitude Holdings, LLC ("Plentitude") regarding the obligations of both parties with respect to the Project and a MOA between the City and the County regarding the obligations of both parties with respect to the City's proposed Enhanced Infrastructure Financing District ("EIFD"). The purpose of the two MOAs is to set out the terms and conditions under which the City, County, and Plenitude agree to cooperatively work together to address the matters arising from the development of the Project. The main purpose of the Plenitude MOA is to ensure Plenitude provides adequate mitigation measure to address the City's concerns regarding the impacts of the Project, and in return, the City will agree to retract its challenges to the Project and its Final Environmental Impact Report. The main purpose of the County EIFD MOA is to facilitate the development of the Project and the County's participation in the Carson EIFD.
II. RECOMMENDATION
Recommendation
TAKE the following action:
1. AUTHORIZE the Mayor to execute the Memorandum of Agreement with Plenitude pertaining to the Project; AND
2. AUTHORIZE the Mayor to execute the Memorandum of Agreement with the County of Los An...
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