City Council

5.B. AMENDMENT TO PURCHASE AND SALE AGREEMENT FOR CITY-OWNED PROPERTY AT 6245\nAUTO CENTER DRIVE\n— Recommended Action: 1) Approve the Amendment to the Purchase and Sale Agreement with\nSimpson & Simpson Holdings, LLC; 2) Authorize the City Manager and City Attorney to make\nany necessary, non-monetary changes to the Amendment; 3) Authorize the City Manager and\nCity Clerk to execute the Amendment in a form approved by the City Attorney; 4) Approve a\nbudget amendment in the amount of $1.5 million from the City’s undesignated Economic\nDevelopment Fund balance to fund relocation and undergrounding of offsite utilities as\nrequired by SCE and CalTrans; and, 5) Authorize the City Manager take such actions as are\nreasonably necessary to implement the Purchase and Sale Agreement, as amended.