City Council

6. TRANSFER OF FORMER COMMUNITY DEVELOPMENT COMMISSION PROPERTY\n(5811 1/2 LIVE OAK STREET) TO SUCCESSOR AGENCY\nTransfer of the property located at 5811 ½ Live Oak Street (APN: 6227-004-800) ("Property" or\n“Little Rectangle”) from Prime Frit El Portal, LLC, a California limited liability company\n(“Prime/Frit”) to the Successor Agency by Quitclaim Deed ("Deed") (Exhibit 2), and subsequently\ntransfer the Property back to the City of Bell Gardens (“City”); in order for the City to maintain the\ncurrent wireless lease on the Property.\nRecommendation:\nIt is staff’s recommendation that the Successor Agency adopt the Resolution approving and\naccepting the transfer of the property located at 5811 ½ Live Oak Street (APN: 6227-004-800)\n("Property" or “Little Rectangle”) from Prime Frit El Portal, LLC, a California limited liability\ncompany (“Prime/Frit”) to the Successor Agency by Quitclaim Deed ("Deed") (Exhibit 2), and\nsubsequently transferring the Property back to the City of Bell Gardens (“City”) for the purpose of\nmaintaining the current wireless lease on the Property.