City Council

9. Purchase and Sale Agreement with Nicholas Edward Escujuri Family\nTrust dated May 24, 2023, for the Purchase of 1837 Puente Avenue (APN\n8558-002-036)\nIt is recommended that the City Council to:\n1. Approve the Purchase and Sale Agreement with the Edward\nEscujuri Family Trust dated May 24, 2023, authorizing the purchase\nof the property located at 1837 Puente Avenue (APN 8558-002-036)\nfor a purchase price not to exceed $2,300,000 plus estimated\nclosing costs and fees in the amount of $55,000; and\n2. Find that the approval of the Purchase and Sale Agreement to be\nexempt from environmental review pursuant to California\nEnvironmental Quality Act (CEQA) State Guidelines §§ 15004(b)(4),\n15061(b)(3), and 15378(b); and\n3. Authorize the Chief Executive Officer (CEO) to execute the\nPurchase and Sale Agreement and take all related actions\nnecessary to complete the acquisition of the Property; and\n4. Authorize the Finance Director to appropriate funds to complete the\ntransaction according to the Agreement and make necessary\nchanges to the budget and set up account numbers needed to\nrecord the transactions.