The Downey City Council on Tuesday approved a development plan for the second part of the county's light industrial park on Rancho Los Amigos property.
The council voted unanimously after county Supervisor Pete Schabarum showed up at the meeting and told the council that the park presents a "win-win situation." Councilwoman Diane P. Boggs was absent.
The county intends to offer 66-year leases, which are expected to generate an estimated $1.3 billion in rent to the county and an estimated $32 million in property and sale taxes to the city, an official said.
The plan approved Tuesday sets planning and development standards for the second phase of the four-phase park, said Ken Farfsing, Downey director of community development. As planned, 501,000 square feet of industrial buildings will be constructed on nearly 29 acres in Phase II. County officials have said they hope to complete the park by the year 2004.