File #: CON 22-11    Version: 1 Name: Estrella Gin PSA 2 acres
Type: Contract Status: Passed
File created: 3/10/2022 In control: City Council Regular Meeting
On agenda: 4/5/2022 Final action: 4/5/2022
Title: The Mayor and City Council shall discuss and take action to ratify a Purchase and Sale Agreement and Escrow Instructions with Estrella Gin Business Park, LLC, for the sale of approximately 2 acres of real property generally located north of W Edison Rd and west of N Roosevelt Ave, for an approximate purchase price of $261,360.00, and authorizing the City Manager to execute any future amendments to extend closing and any other necessary closing documents related to this agreement. Discussion and Action.
Attachments: 1. Contract

TITLE

The Mayor and City Council shall discuss and take action to ratify a Purchase and Sale Agreement and Escrow Instructions with Estrella Gin Business Park, LLC, for the sale of approximately 2 acres of real property generally located north of W Edison Rd and west of N Roosevelt Ave, for an approximate purchase price of $261,360.00, and authorizing the City Manager to execute any future amendments to extend closing and any other necessary closing documents related to this agreement. Discussion and Action.

 

AGENDA ITEM DESCRIPTION

The City desires to sell approximately 2 acres of real property generally located north of W Edison Rd and west of N Roosevelt Ave. 

 

 

STAFF RECOMMENDATION

Staff recommends approval of the ratification of the Purchase and Sale Agreement and Escrow Instructions with Estrella Gin Business Park, LLC , and authorizing the City Manager to execute any future amendments to extend closing and any other necessary closing documents related to this agreement.