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Council approves operating covenant to support redevelopment of Maggie’s Pub
Summary
Council approved an operating covenant with Olive Banquet Inc. and Olive Banquet SS LLC to support reconstruction of Maggie’s Pub into a restaurant with banquet rooms and a rooftop bar; staff said the city is not purchasing the property but would provide funds under the covenant to ensure a higher build standard.
The Santa Fe Springs City Council approved an operating covenant agreement with Olive Banquet Inc. and Olive Banquet SS LLC to support the reconstruction of the property currently occupied by Maggie’s Pub.
Staff explained that the property sale is between private parties and the city would not be the buyer;…
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