City Council

38. 26-55397\nRecommendation to authorize City Manager, or designee, to execute any and all\ndocuments necessary, including a Standard Offer, Agreement and Escrow\nInstructions for Purchase of Real Estate with LALB Harbor, LLC, a California\nlimited liability company, for the purchase of certain real property located at 1400\nCanal Avenue, Assessor Parcel Number: 7432-011-046, in an amount not to\nexceed $6,300,000, with an additional $100,000, for acquisition-related costs;\nIncrease appropriations in the Capital Projects Fund Group in the Public Works\nDepartment by $6,750,000, to fund the purchase of the property, acquisition-\nrelated costs and to fund tenant improvements, offset by the sale of the Subject\nProperty or future bond proceeds; and\nAccept Categorical Exemption CE 26-048. (District 7)\nLevine Act: Yes\nOffice or Department:\nEconomic Development and Opportunity; Police\nDepartment; Public Works\nSuggested Action:\nApprove recommendation.