City Council

Item No. 22. 2023-0658 CONSIDER APPROVAL OF THE ASSIGNMENT AND ASSUMPTION AGREEMENT AND CONSENT BY AND BETWEEN THE CARSON SUCCESSOR AGENCY, WIN CHEVROLET PROPERTIES, LLC, AND WIN CHEVROLET, INC. IN CONNECTION WITH THAT CERTAIN 2011 DISPOSITION AND DEVELOPMENT AGREEMENT (DDA) FOR THE WIN CHEVROLET DEALERSHIP PROPERTY LOCATED AT 2201 E. 223RD STREET (SUCCESSOR AGENCY) Recommendation: TAKE the following actions: 1. APPROVE the Assignment/ Assumption Agreement; and 2. AUTHORIZE the Executive Director to execute the Assignment and Assumption Agreement and Consent and any other documents reasonably required to consummate the transaction. Attachments: Assignment Assumption and Consent WIN-FINAL 2011 Development & Disposition Agreement-compressed (1) Agency Promissory Note - $7,000,000