Oceanside
City Council
11. City Council:
City Approval of
Council: Approval of aa Purchase
Purchase andand Sale Agreement with
Sale Agreement North County
with North County Transit District (NCTD)
Transit District (NCTD)
for the
the acquisition
for of 956
acquisition of square feet
956 square feet of
of land
land for the addition
for the addition of a right
of a turn lane
right turn at North
lane at North River
River
Road
Road and Vandegrift Boulevard
and Vandegrift Boulevard forfor the
the North River Farms
North River Farms (NRF) Development Project;
(NRF) Development Project; approval
approval ofof
a Funding and
a Funding and Improvement Agreement with
Improvement Agreement with Lennar Homes of
Lennar Homes California, LLC
of California, LLC (Successor
(Successor to to NRF
NRF
Project
Project Owner,
Owner, LLC),
LLC), providing
providing forfor Lennar
Lennar Homes
Homes of California, LLC
of California, assume all
to assume
LLC to all costs
costs and
and
obligations
obligations of
of the
the City
City in
in the
the Purchase
Purchase andand Sale Agreement with
Sale Agreement with NCTD;
NCTD ; authorization
authorization forfor the
the City
City
Manager to
Manager to execute
execute the
the Purchase
Purchase and Sale Agreement
and Sale Agreement andand the
the Funding
Funding and
and Public
Public Improvement
Improvement
Agreement upon
Agreement receipt of
upon receipt of all
all supporting
supporting documentation; authorization for
documentation; authorization for staff open escrow
to open
staff to escrow
and
and consummate
consummate the closing on
the closing on the
the Purchase
Purchase and and Sale Agreement with
Sale Agreement with NCTD;
NCTD; authorization
authorization forfor
the City
the Clerk to
to accept
City Clerk the Grant
accept the Grant Deed from NCTD
Deed from upon close
NCTD upon close of escrow; and
of escrow; and authorization
authorization forfor
staff to consummate
staff to consummate the the closing
closing of
of the
the transaction through the
transaction through the Public Funding and
Public Funding and Improvement
Improvement
Agreement with Lennar
Agreement with Lennar Homes
Homes of of California,
California, LLC
LLC