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City Halts Negotiations on 'The Plaza' Project

02/26/2020 4:21 PM | Margaret Fulton (Administrator)

The City Council on Tuesday voted to halt negotiations on the proposed "The Plaza at Santa Monica" project over concerns it may not meet the requirements of California's recently expanded Surplus Land Act.

The closed-session vote came after City Attorney Lane Dilg expressed concerns the proposed 99-year ground lease for the City owned property at Fourth Street and Arizona Avenue could trigger the amended law.

The revised law -- which went into effect on January 1 -- "incentivizes the use of public property for affordable housing and other purposes," Dilg said.

Read More: http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2020/February-2020/02_26_2020_City_Halts_Negotiations_on_The_Plaza_Project.html

AND: https://www.smdp.com/city-suspends-negotiations-over-plaza-project/186794

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