City Council

10. City Approval of the Restated Disposition and Development Agreement between the City of Bell and Arroyo Seco Development Group, LLC, and Successor Agency Approval of the Restated Disposition and Development Agreement between the City of Bell as Successor Agency and Arroyo Seco Development Group, LLC. (City Council/Successor Agency) Recommendation: It is recommended that the: 1. City Council approve the Restated Disposition and Development Agreement (“Restated City DDA”) between the City of Bell (“City”) and Arroyo Seco Development Group, LLC ("Developer") with respect to City owned parcels (located at improved as parking lots located at 6504 Clarkson (APN 6325-020-900), and 4460 Gage Avenue (APN 6325-020-903) (jointly the “City Parcels”), and 2. City Council as Successor Agency Board concurrently approve the Restated Disposition and Development Agreement (“Restated Agency DDA”) between the City of Bell as Successor Agency (“Successor Agency”) and Developer for the Successor Agency owned parcels 6415 Atlantic Avenue (APN 6325-020-901), 6414 Clarkson Avenue (APN 6325-020-902), and 4472 Gage Avenue (APN 6325-020-904) (collectively the “Agency Parcels”).