City Council

9.c. CONSIDERATION AND APPROVAL OF RESOLUTION NO. 23-27,\nAPPROVING A MEMORANDUM OF UNDERSTANDING (MOU)\nBETWEEN THE CITY OF SOUTH EL MONTE AND MVP SOUTH EL\nMONTE I, LLC FOR A PROPOSED DEVELOPMENT OF PROPERTY\nLOCATED AT 825 LEXINGTON-GALLATIN ROAD ("PROPERTY")\nA Memorandum of Understanding (MOU) regarding the proposed\ndevelopment of property located at 825 Lexington-Gallatin Road\n("Property").\nRECOMMENDED ACTION: Staff recommends City Council:\n1. Adopt Resolution No. 23-27, approving the MOU with MVP South El\nMonte I, LLC for a proposed development of property located at 825\nLexington-Gallatin Road ("Property"); and\n2. Authorize the City Manager or designee to negotiate and execute the\nMOU.\nGENERAL BUSINESS (CONTINUED)