Monrovia

City Council

January 21, 2025 Administrative Report #1

Agenda Item 1

AR-1 Purchase and Sale Agreement with The Terry and Charee McAuliffe Living Trust for Real Property\nLocated at 222 East Cypress Avenue in the Amount of $1,530,000; Approve a Contingency Amount\nNot to Exceed $153,000 for Additional Fees and Necessary Costs Associated with the Purchase\nStaff Reference: Dylan Feik, City Manager\nRecommendation: Approve the proposed Purchase and Sale Agreement with The Terry and Charee\nMcAuliffe Trust for the property at 222 East Cypress Avenue in an amount not to exceed $1,530,000,\napprove a 10% contingency amount for staff to address necessary costs and fees associated therewith, and\nauthorize the City Manager to execute the necessary documents in a form approved by the City Attorney