First of two parts
Re “Mitchell Is, Too, Effective, Weissman Argues”
[img]1305|right|Andy Weissman||no_popup[/img]As reported here on Wednesday, the mysteriously obscure but muscular state Dept. of Finance, in a welcome concession, told City Hall in a letter on Tuesday it is willing to take $19.4 million less than originally intended (down to $2.7 million), to salve the fiscal wounds of Culver City caused by Gov. Brown’s destruction of the Redevelopment Agency almost three years ago.
What it means, though, is more complicated and less funny than your maiden Aunt Tilly’s secret stash of lifetime funds and lack of bank account.
It is too early to get excited about what developments may happen because they may not, City Councilman Andy Weissman warned this morning.
“A whole host of moving parts Have to be resolved collectively before anything can move forward.
While the debt reduction is nice and perhaps boastable, a final, broader decision is to be rendered by the Dept. of Finance. Only then will denizens of City Hall feel safe about exhaling – if the closing decision is as favorable as this week’s.
As with all such verdicts, there is no indication which way the wind is blowing, just, in Mr. Weissman’s succinct word, that it will be “soon.”
Until then, not a whisker on 10 development projects will stir.
Early this morning, City Manager John Nachbar sent the following message to community leaders with the Dept. of Finance letter attached:
Culver City received the attached Finding of Completion (FOC) from the Department of Finance (DOF) yesterday afternoon.
This means the DOF is now able to review and consider approval of Culver City’s Long Range Property Management Plan (LRPMP).
The DOF is in the midst of that review, and preliminary feedback has been positive.
(To be continued)
