City Council

B Consideration and possible action to authorize the City Manager to amend the FY 2026-27 Operating Budget and enter into Purchase Agreements and associated documents with The John R. Bedford Trust for the purchase of real property known as Vacant Land (APN 7163-001-056) and The Rosemary Kirchoff Revocable Living Trust for the purchase of real property located at 17246 Palo Verde Avenue (APN 7163-001-006); and adopt Resolution No. 26-29 – A Resolution authorizing the City Manager to execute a Purchase and Sale Agreements, in forms approved by the City Attorney, for the acquisition of real property commonly known as Vacant Land (APN 7163-001-056) and the acquisition of real property commonly known as 17246 Palo Verde Avenue (APN 7163-001-006). Recommendation to City Council: 1) Authorize the City Manager to execute Purchase Agreement File No. 1145 and any associated documents with The John R. Bedford Trust and Purchase Agreement File No. 1146 and any associated documents with The Rosemary Kirchoff Revocable Living Trust, in forms approved by the City Attorney; and 2) Amend the FY 2026–2027 Operating Budget to appropriate $1,850,000 to Account No. 024-47970-9000 (Park Facilities Fee Fund – Property Acquisition) to fund the property acquisitions and associated escrow costs; and 3) Authorize the General Fund to provide an interest-free loan of up to $950,000 to the Park Facilities Fee Fund to cover the remaining costs associated with the property acquisitions, with repayment occurring over the next several years as Park Facilities Fees are collected; and 4) Adopt Resolution No. 26-29; or 5) Alternatively, discuss and take other action related to this item.