organization
Carson Goose Owner, LLC
At a glance
Faring-affiliated project entity documented by Carson public records as the assignee of Faring Capital's option rights and obligations for Cells 3, 4, and 5 of the former Cal-Compact landfill redevelopment site in Carson. Carson records identify the entity as the developer/option holder for the project now described as Carson Place and formerly associated with District at South Bay / Carson Country Mart planning.
What the record shows
Key facts
Amount
$45 million residual land value structure
Address
20400 S. Main Street, Carson, California
Financial context
Carson public records describe a $45 million residual land value structure tied to the option and redevelopment relationship, including a $12.5 million initial payment and a remaining $32.5 million subject to stated conditions, plus separately documented remediation/O&M and extension obligations.
Documented amounts
$45 million residual land value · $12.5 million initial payment · $32.5 million remaining payment described in audited records · $300,000 extension/dry-utility planning payment · Approximately $3 million annual O&M reimbursement obligation described in staff report, capped at $250,000 per month
Original Option Counterparty
Faring Capital, LLC
Original Option Date
2020-12-17
Assignment Date
2021-01-15
Public Counterparty
Carson Reclamation Authority
Former Site
Cal-Compact landfill
Evidence
Sources
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