Carson Reclamation Authority authorizes negotiator to pursue term sheet for former Cal Compact landfill

The Carson Reclamation Authority on Monday authorized its negotiator to pursue a financing term sheet for the former Cal Compact landfill at 2400 South Main Street in Carson following a closed session. Authority counsel reported the board met under Government Code section 54956.8 "regarding real property negotiations with Carson Goose owner" and "the board gave authorization to negotiate and finalize [a] term sheet regarding financing for the development of that property," adding that "no other reportable action was taken."

The action came after a closed-session discussion the board said was limited to real property negotiations. Authority counsel told the board the session occurred to give direction to the authority's real property negotiator, John Raymond, the authority's executive director. The counsel's report specified the property by street address and named the other party as the Carson Goose owner.

The board did not disclose details of the proposed deal in open session, citing the closed-session exemption for real-estate negotiations. The report-out indicates the board authorized staff to complete negotiating terms and to finalize a term sheet that would address financing for development; there was no separate public vote recorded on the term sheet itself during the open meeting.

Next steps were not specified in the meeting record. The authority's report indicates further negotiation and finalization will occur with its designated negotiator; any subsequent agreements, commitments or financing approvals would be subject to future board action and any applicable public-reporting requirements.

Authority counsel's statement during the report-out was the sole direct quotation the board provided in public session; no additional fiscal figures, project timeline or developer commitments were included in the report.