Redondo Mayor Aspel vetoes motion to open Waterfront developer’s books
Mayor Steve Aspel and District 3 councilman Christian Horvath. File photo Mayor Steve Aspel vetoed a motion by District 2 city councilman Steve Sammarco to publicly review the financial information of potential Waterfront project developer CenterCal Properties and their financing partners, Westport Capital LLC. The motion came at the end of an otherwise placid meeting of the City Council Tuesday night. “I’d expect any developer agreement to include information allowing the city to determine their ability to finance the project before approval,” Sammarco said, motioning to direct the City Attorney’s office to perform research in regards to CenterCal and Westport’s financial statements and credit reports. District 3 Councilman Christian Horvath asked aloud if that wasn’t already part of the closed-session negotiating process between the City and the developer. “He’s asking for a public document to be researched as to their strength,” Webb clarified. Though Horvath seemed uncertain in his support, the motion passed 3 to 1, with District 5 Councilwoman Laura Emdee opposed, and District 1 councilman Jeff Ginsburg (who left the meeting early) absent. Aspel vetoed the motion in short…
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