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File #: 22-032    Version: 1
Type: Consent Agenda Status: Agenda Ready
File created: 1/10/2022 In control: City Council
On agenda: 1/22/2022 Final action:
Title: Amendment to the Turnkey Parkland and Excess Credit Agreement for the Flea Market Project.
Attachments: 1. Memorandum, 2. Agreement

...Title

Amendment to the Turnkey Parkland and Excess Credit Agreement for the Flea Market Project.

...Recommendations

Approve the First Amendment to the “Turnkey Parkland and Excess Credit Agreement” to:

(a) Allow for a one-time payment of $4,072,599.32 to the City to fund and pursue construction of phase one improvements of Bruzzone Park and Mercado Park; and

(b) Confirm excess credits (to be applied toward future development in the Flea Market South).

CEQA: Environmental Impact Report for the Flea Market Planned Development Rezoning and General Plan Amendment and addenda thereto, File No. PDC03-108 and GP06-04-01, City Council Resolution No. 73956 and 73738. Council District 4. (Parks, Recreation and Neighborhood Services)