SIGNAL HILL REDEVELOPMENT AGENCYOwner Participation Agreement • July 15th, 2010
Contract Type FiledJuly 15th, 2010Boulevard Buick/GMC is requesting approval of an Owner Participation Agreement which would result in a loan for an extensive renovation of the exterior and interior of the dealership to implement General Motors requirements. The agreement provides assistance for moving the Boulevard Collision Center to 2800 Cherry Avenue, including offices, spray booths and a shop building. The dealership will also be renovating their sign program. This assistance enhances the viability of Boulevard GMC in a very distressed auto market and strengthens the Signal Hill Auto Center as well.