City Council

CC 11. Real Estate Option Agreement with L Street Properties, LLC\nRecommendation(s):\n1. Authorize the City Manager, or his designee, with the concurrence of the City Attorney, to\nnegotiate, finalize and execute the Real Estate Option Agreement and all related documents.\n2. Appropriate $150,000.00 from General Fund to 101.24000.8010, as consideration for the\nReal Estate Option Agreement.\nThe Parkway Village Specific Plan area is a forward thinking plan that will guide the\ndevelopment of a vibrant new neighborhood unlike anything that exists in the Antelope\nValley today. Encompassing over 430 acres of land, Parkway Village is envisioned as a\nwalkable, mixed use community that aims to bring together a dynamic blend of housing,\nshopping, health care, recreation, and public spaces right in the heart of the City.