A-1. 27-343 CC:CCPFA - ACTION ITEM: (1) Approval of a Purchase Option Agreement with CF CC Investor LLC Giving the Culver City Public Finance Authority (Authority) the Exclusive Right, but not the Obligation, to Purchase 9050 Washington Boulevard during a Defined Option Period; (2) Authorization to the Executive Director to Sign the Purchase Option Agreement, Subject to Approval as to Form by the Authority's General Counsel; (3) Authorization of Payment of $375,000 by Authority to CF CC Investor LLC under the Terms of the Agreement; (4) Authorization of Expenditures by Authority Not-to-Exceed $500,000 for Related Due Diligence Analysis; and (5) Direction to City Manager/Executive Director as Deemed Appropriate.

Meeting: City Council Meeting Agenda on 2026-09-28 7:00 PM - Regular Meeting of the City Council, Successor Agency to the Culver City Redevelopment Agency, and the Culver City Parking, Redevelopment Financing, Culver City Housing, and Culver City Public Finance Au

Meeting Time: September 28, 2026 at 7:00pm PDT

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Agenda Item

A-1. 27-343 CC:CCPFA - ACTION ITEM: (1) Approval of a Purchase Option Agreement with CF CC Investor LLC Giving the Culver City Public Finance Authority (Authority) the Exclusive Right, but not the Obligation, to Purchase 9050 Washington Boulevard during a Defined Option Period; (2) Authorization to the Executive Director to Sign the Purchase Option Agreement, Subject to Approval as to Form by the Authority's General Counsel; (3) Authorization of Payment of $375,000 by Authority to CF CC Investor LLC under the Terms of the Agreement; (4) Authorization of Expenditures by Authority Not-to-Exceed $500,000 for Related Due Diligence Analysis; and (5) Direction to City Manager/Executive Director as Deemed Appropriate.

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Meeting: City Council Meeting Agenda on 2026-09-28 7:00 PM - Regular Meeting of the City Council, Successor Agency to the Culver City Redevelopment Agency, and the Culver City Parking, Redevelopment Financing, Culver City Housing, and Culver City Public Finance Au

Agenda Item