LA County Board

24. Purchase Real Property for Capital Project No. 7A011, Department of\nPublic Social Services Building\nRecommendation: Approve and authorize the Chief Executive Officer to execute\na Purchase and Sale Agreement to purchase the property located at 3833\nSouth Vermont Avenue, in the City of Los Angeles (2) (Property) on behalf of\nthe County for $20,443,823, including $100 as independent consideration, plus\nan amount not to exceed $1,000,077 for closing costs. Authorize the Chief\nExecutive Officer to take all further actions necessary and appropriate to\ncomplete the transaction on behalf of the County, including opening and\nmanagement of escrow, any administrative adjustments to the transfer\ndocuments, execution of all the requisite documentation for the completion of\nthe acquisition and acceptance of the deed conveying title of the Property to\nthe County; and authorize the Chief Executive Officer to execute any and all\nagreements, contracts, applications, and documents necessary for the County's\noccupancy and operation of the Property following acquisition. Establish and\napprove the 3833 South Vermont Avenue Acquisition, Capital Project (CP) No.\n7A011. Approve an appropriation adjustment to use $21,444,000 from the\nobligated fund balance committed for the Department of Public Social Services\nBuilding Purchase for CP No. 7A011 to fully fund the purchase of the Property.\nAuthorize the Auditor-Controller to issue warrants as directed by the Chief\nExecutive Office for the purchase price, closing costs and any other related\ntransactional costs. Instruct the Assessor to place the Property under the\ncomplete ownership of the County and remove the Property from the tax roll\neffective upon the transfer of title to the County. Find that the recommended\nactions are exempt from the California Environmental Quality Act. 4-VOTES\n(26-2826)