City Council

2.7 EXERCISE OPTION TO PURCHASE APPROXIMATELY TWO-ACRE\nPARCEL ADJACENT TO GATEWAY VILLAGE RESIDENTIAL SITE AND\nREIMBURSEMENT RESOLUTION FOR CAPITAL INFRASTRUCTURE\nEXPENDITURES\nACTION:\n1) Approve and authorize the Mayor to execute a Purchase and Sale\nAgreement between the City of Irvine and County of Orange and authorize\nCity Manager to execute necessary documents and processes to finalize\npurchase.\n2) Adopt - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF\nIRVINE, CALIFORNIA, DECLARING ITS OFFICIAL INTENT WITH RESPECT\nTO REIMBURSEMENT OF TEMPORARY ADVANCES MADE FOR CAPITAL\nEXPENDITURES TO BE MADE FROM SUBSEQUENT BORROWINGS\n2.7