TO:
Honorable Mayor and Members of the City Council
THROUGH:
Talyn Mirzakhanian, City Manager
FROM:
Michael Codron, Interim Community Development Director
Adam Finestone, AICP, Planning Manager
Tari Kuvhenguhwa, Associate Planner
SUBJECT:Title
Study Session on the Redevelopment of City-Owned Properties Located at 400 Manhattan Beach Boulevard (Former US Bank Building) and 1155 Morningside Drive (Parking Lot 3), and Consideration of the Associated Public Engagement Program (Partially Budgeted) (Interim Community Development Director Codron).
(Estimated Time: 90 Min.)
DISCUSS AND PROVIDE DIRECTION
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RECOMMENDATION:
Staff recommends that the City Council discuss and provide direction regarding the redevelopment of City-owned properties located at 400 Manhattan Beach Boulevard (former US Bank building) and 1155 Morningside Drive (Parking Lot 3), and the associated public engagement program.
FISCAL IMPLICATIONS:
At this time, design services related to the redevelopment of 400 Manhattan Beach Boulevard have been partially-budgeted through a $784,000 allocation in the FY 26 - 30 Capital Improvement Program. (The total FY 26 allocation related to 400 Manhattan Beach Boulevard is $1,000,000, however $216,000 is specifically earmarked for demolition of the existing structure, should that occur.) City staff anticipates a potential need to allocate an additional $1,000,000 in the next fiscal year for the design services to be fully-funded. Funding for design services for a future permanent use at Parking Lot 3 has not been allocated at this time and will need to be addressed as part of future capital improvement programs. Construction funding for the projects at either site has not yet been allocated, and staff will return with potential funding sources for that work based on City Council direction at a future meeting.
BACKGROUND:
Parking Lot 3 (1155 Morningside Drive)
During a routine inspection of P...
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