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Legado and City of Redondo Beach Settlement Agreement

Legado and City of Redondo Beach Settlement Agreement

Legado and City of Redondo Beach Settlement Agreement

Here it is folks, the settlement agreement!! Looks like Legado will break off the Hotel and sell it, separate from the property.

To outline:

  1.  Legado will reduce traffic from the project to “less than significant”.
  2.  Commercial sq feet will be brought down to 21,539. This is a reduction of 2,261 sq ft.
  3. Legado will not tear out the center median trees on PCH.
  4. Hotel renovation designs are to be brought to the City Planning Department for approval, and go through the regular approval process, albeit expedited.
  5. Hotel plans are not tied to any time frame other than being into the City in order to get a “Certificate of Occupancy” for the apartments and commercial space.
  6. Mixed-use/apartments will not get a Certificate of Occupancy until the City has plans.
  7. The Hotel will be broken off as a separate parcel from the rest of the property.
  8. The new plan will go directly to the City Council for review and approval, with a certain time frame.

The entire settlement agreement is here.

Legado will create a project that creates minimal traffic, break off the Hotel and probably sell it.