HomeMy WebLinkAboutResolution No. 6713 RESOLUTION NO. 6713
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
APPROVING A REAL PROPERTY PURCHASE AND SALE AGREEMENT
BETWEEN THE CITY OF DOWNEY AND INDUSTRIAL REALTY GROUP,
LLC.
WHEREAS, The City of Downey ( "City ") is engaged in activities necessary to reuse the
approximately 160 -acre National Aeronautics and Space Administration ( "NASA ") Industrial
Plant site (the "NASA Site ") which is located in the City of Downey, California and generally
bounded by Lakewood Boulevard, Stewart and Gray Road, Bellflower Boulevard, Imperial
Highway and Clark Avenue; and
WHEREAS, City has negotiated with the United States of America, acting by and
through the General Services Administration ( "GSA ") and NASA, to acquire an approximately
94 -acre portion of the NASA Site, of which an approximately 58 acre portion is a part (the
"Property "); and
WHEREAS, a diagram of the Property is attached to this Resolution as Exhibit "A "; and
WHEREAS, Industrial Realty Group, LLC, a Nevada limited liability company, (the
"Developer ") is proposing to develop an approximately 78 -acre central portion of the NASA
Site, which is to be composed of the Property and an approximately 20 -acre portion of the NASA
Site that Developer proposes to lease from the City by separate ground lease, all for use as a
movie /film studio facility and certain other related commercial uses consistent with the "Downey
Landing Specific Plan ", as may be amended from time to time (the "Project "); and
WHEREAS, City and the Agency have negotiated the terms of that certain Real Property
.a.
Purchase and Sale Agreement (the "Agreement ") whereby, upon City's acquisition of the
Property from the GSA and satisfaction of other conditions set forth in the Agreement, the City
will sell to Developer and Developer will purchase from the City the Property for the purposes
described above and for the total consideration as set forth in the Agreement. A copy of the
Agreement is on file with the City Clerk; and
WHEREAS, on November 4, 2003, the City Council held a duly noticed public meeting
to consider the proposed Agreement; and
WHEREAS, the City has determined that the "Downey Landing Specific Plan
Environmental Impact Report" ( "EIR ") prepared and certified for the NASA Site (State
Clearinghouse #20011031096) adequately included and considered the impacts of development
of the Project and imposed adequate mitigation measures. As such, the City has determined that
no supplemental EIR, negative declaration, mitigated negative declaration, EIR addendum or
other subsequent report is required to be prepared and filed in connection with the approval of
the Agreement; and
RESOLUTION NO. 6713
PAGE TWO
WHEREAS, City staff recommends the adoption of the Notice of Determination (to be
drafted and filed by City Staff) that no further environmental report is required in conjunction
with the City Council's consideration of this Agreement.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. Approval. The City Council approves the Agreement in the form on file
with the City Clerk, together with non - substantive changes and amendments as may be approved
both the City Manager and City Attorney.
SECTION 2. Execution. The Mayor is hereby authorized and directed to execute the
Agreement and take any actions and execute any and all necessary documents to implement the
Agreement and any attachments to the Agreement.
SECTION 3. CEQA Compliance. City Staff is directed to file a CEQA Notice of
Determination with the Los Angeles County Clerk within three (3) working days following the
approval of this Resolution.
SECTION 4. Effective Date. This resolution shall take effect immediately upon its
adoption.
APPROVED AND ADOPTED this 4 day of November, 2003.
RI6K TREK); Mayor,:
ATTEST:
KATHLEEN L. MIDSTOKKE, City Clerk
I HEREBY CERTIFY that the foregoing Resolution was adopted by the City Council of
the City of Downey at a regular meeting held on the 4th day of November, 2003, by the
following vote, to wit:
AYES: 5 Council Members: Bayer, Cartozian, McCarthy, Perkins, Mayor Trejo
NOES: 0 Council Member: None
ABSENT: 0 Council Member: None
ABSTAIN: 0 Council Member: None •
KA HLEEN L. MIDSTOKKE, City Clerk