File #: CON 23-20    Version: 1 Name: PSA with Decar Group LLC (1.62 acres)
Type: Contract Status: Passed
File created: 7/18/2023 In control: City Council Regular Meeting
On agenda: 8/1/2023 Final action: 8/1/2023
Title: The Mayor and City Council shall discuss and take action on the Purchase and Sale Agreement and Escrow Instructions with Decar Group LLC, related to the sale of approximately 1.62 acres of real property generally located west of North John Wayne Pkwy and east of Maricopa Rd. between the UPRR railroad tracks and W. Honeycutt Avenue for $811,522.80 calculated using the square footage price of $11.50 per square foot and authorizing the City Manager to execute this agreement, any future amendments to extend the Closing as he deems necessary and any closing documents related thereto. Discussion and Action.
Attachments: 1. Contract

TITLE

The Mayor and City Council shall discuss and take action on the Purchase and Sale Agreement and Escrow Instructions with Decar Group LLC, related to the sale of approximately 1.62 acres of real property generally located west of North John Wayne Pkwy and east of Maricopa Rd. between the UPRR railroad tracks and W. Honeycutt Avenue for $811,522.80 calculated using the square footage price of $11.50 per square foot and authorizing the City Manager to execute this agreement, any future amendments to extend the Closing as he deems necessary and any closing documents related thereto. Discussion and Action.

 

AGENDA ITEM DESCRIPTION

 

The City desires to sell approximately 1.62 acres of real property generally located west of North John Wayne Pkwy and east of Maricopa Rd. between the UPRR railroad tracks and W. Honeycutt Avenue for $811,522.80 calculated using the square footage price of $11.50 per square foot.

 

STAFF RECOMMENDATION

 

Staff recommends the approval of the Purchase and Sale Agreement and Escrow Instructions with Decar Group LLC.