City Council

4. Recommendation to amend the Purchase and Sale Agreement (PSA), dated\nMarch 10, 2022, with Linc Armory, LP for the disposition of City-owned exempt\nsurplus property located at 854 East 7th Street, commonly known as the former\nLong Beach Armory to amend specific provisions of the PSA to extend the closing\ndate to September 9, 2026, with the option to extend for an additional one-year\nperiod. (District 1)\nLevine Act: Yes\nOffice or Department: Economic Development\nSuggested Action: Approve recommendation.