City Council

11. City Council:\nCity Approval of\nCouncil: Approval of aa Purchase\nPurchase andand Sale Agreement with\nSale Agreement North County\nwith North County Transit District (NCTD)\nTransit District (NCTD)\nfor the\nthe acquisition\nfor of 956\nacquisition of square feet\n956 square feet of\nof land\nland for the addition\nfor the addition of a right\nof a turn lane\nright turn at North\nlane at North River\nRiver\nRoad\nRoad and Vandegrift Boulevard\nand Vandegrift Boulevard forfor the\nthe North River Farms\nNorth River Farms (NRF) Development Project;\n(NRF) Development Project; approval\napproval ofof\na Funding and\na Funding and Improvement Agreement with\nImprovement Agreement with Lennar Homes of\nLennar Homes California, LLC\nof California, LLC (Successor\n(Successor to to NRF\nNRF\nProject\nProject Owner,\nOwner, LLC),\nLLC), providing\nproviding forfor Lennar\nLennar Homes\nHomes of California, LLC\nof California, assume all\nto assume\nLLC to all costs\ncosts and\nand\nobligations\nobligations of\nof the\nthe City\nCity in\nin the\nthe Purchase\nPurchase andand Sale Agreement with\nSale Agreement with NCTD;\nNCTD ; authorization\nauthorization forfor the\nthe City\nCity\nManager to\nManager to execute\nexecute the\nthe Purchase\nPurchase and Sale Agreement\nand Sale Agreement andand the\nthe Funding\nFunding and\nand Public\nPublic Improvement\nImprovement\nAgreement upon\nAgreement receipt of\nupon receipt of all\nall supporting\nsupporting documentation; authorization for\ndocumentation; authorization for staff open escrow\nto open\nstaff to escrow\nand\nand consummate\nconsummate the closing on\nthe closing on the\nthe Purchase\nPurchase and and Sale Agreement with\nSale Agreement with NCTD;\nNCTD; authorization\nauthorization forfor\nthe City\nthe Clerk to\nto accept\nCity Clerk the Grant\naccept the Grant Deed from NCTD\nDeed from upon close\nNCTD upon close of escrow; and\nof escrow; and authorization\nauthorization forfor\nstaff to consummate\nstaff to consummate the the closing\nclosing of\nof the\nthe transaction through the\ntransaction through the Public Funding and\nPublic Funding and Improvement\nImprovement\nAgreement with Lennar\nAgreement with Lennar Homes\nHomes of of California,\nCalifornia, LLC\nLLC