Long Beach

City Council

January 24, 2023 Item #17

Agenda Item 17

17. 23-0080 Recommendation to amend the Purchase and Sale Agreement, dated\nMarch 10, 2022, with Armory Arts Collective, LP (Buyer/Developer), for\nthe disposition of City of Long Beach-owned exempt surplus property\nlocated at 854 East 7th Street, commonly known as the former Long\nBeach Armory (Subject Property) to add an Option to Lease the Subject\nProperty in lieu of a fee purchase. (District 1)\nOffice or Department: ECONOMIC DEVELOPMENT\nSuggested Action: Approve recommendation.