City Council

25. 23-51386 Recommendation to authorize City Manager, or designee, to execute a 1) Memorandum of Termination of Owner Participation Agreement, 2) Quitclaim and Termination of Easement, 3) Grant of Easement and Agreement, and 4) Amendment No. 4 to Parking Rights Agreement, and all other documents necessary, with Long Beach Center Loan, LLC, a Delaware limited liability company, to support development at 450 The Promenade North/501-599 Long Beach Boulevard; and Determine the project is within the scope of the project previously analyzed as part of the Environmental Impact Report Addendum (EIRA-02-22) to the Downtown Plan Program Environmental Impact Report (SCH No. 2009071006) and warrants no further environmental review pursuant to the California Environmental Quality Act Guidelines Section 15162. (District 1) Levine Act: Yes Office or Department: Economic Development; Public Works Suggested Action: Approve recommendation.