City Council

24.\nARTIST LIVE-WORK UNITS; AMENDMENT TO THE PURCHASE AND SALE\nAGREEMENT FOR 2307 AND 2535 LAGUNA CANYON ROAD, EXECUTION OF\nA LETTER OF INTENT WITH THE LAGUNA BEACH COMMUNITY LAND\nTRUST, AND ASSIGNMENT OF CONSULTANT AGREEMENT\nRecommendations:\n1. Approve the Second Amendment to the Purchase and Sale Agreements for 2535\nand 2307 Laguna Canyon Road to update the combined purchase price to eight\nmillion dollars and revise the escrow and closing timelines, and authorize the\nCity Manager to execute all documents necessary to effectuate the amendment;\n2. Authorize the City Manager to execute the nonbinding Letter of Intent between\nthe City of Laguna Beach and the Laguna Beach Community Land Trust,\nmemorializing the key terms of the anticipated loan agreement and Purchase\nand Sale Agreement assignment that will return to the City Council for\nconsideration on January 13, 2026;\n3. Authorize assignment of the City’s Professional Services Agreement with Harris\nand Associates to the Laguna Beach Community Land Trust, allowing the\nconsultant to complete the remaining nonprofit formation work directly under\nthe Land Trust’s direction;\n4. Approve a one-time payment to the Laguna Beach Community Land Trust in\nthe amount of $41,987, or the remaining balance at the time of payment, under\nthe Harris and Associates contract to support completion of the consultant’s\nscope and to provide initial operational capacity for the Land Trust;\n5. Direct staff to return on January 13, 2026 with the proposed loan agreement and\nassignment documents for full City Council consideration; and\n6. Find that the recommended action is not a project under the California\nEnvironmental Quality Act pursuant to Section 15378 because the actions will\nnot result in a direct or reasonably foreseeable indirect physical change in the\nenvironment.