City of Gardena Development Agreement March 2025
Gardena Development Rights May Be Assigned to Successor
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Description
The Development Agreement enables 1450 Artesia Acquisition Company LLC to assign its obligations and rights to a new entity, contingent on City recordation of the assignment agreement.
Contract Details
Vendor
ASSIGNEE
Agency
City of Gardena, CA
Contract Type
OTHER
Document Date
March 11, 2025
Contract Term
For the remainder of the Development Agreement term after transfer.
Renewal Date
2040-03-11
Renewal Info
Assignment can occur at any time; assignee takes on all associated obligations for the transferred property portion for the remainder of the original term.
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