City Council

32. 23-0380 Recommendation to acknowledge and consent to an Assignment and\nAssumption of the Purchase and Sale Agreement and Escrow\nInstructions, dated March 10, 2022, for the disposition of City-owned\nexempt surplus property located at 854 East 7th Street, commonly\nknown as the former Long Beach Armory for an affordable housing\ndevelopment, from Armory Arts Collective, LP (Assignor), to Linc\nArmory, LP (Assignee); and\nConsent to a change in population type for the affordable housing\ndevelopment from general affordable housing to affordable housing\nrestricted to senior adult households. (District 1)\nLevine Act: Yes\nOffice or Department: ECONOMIC DEVELOPMENT\nSuggested Action: Approve recommendation.