City Council

9. Purchase and Sale Agreement with Nicholas Edward Escujuri Family Trust dated May 24, 2023, for the Purchase of 1837 Puente Avenue (APN 8558-002-036) It is recommended that the City Council to: 1. Approve the Purchase and Sale Agreement with the Edward Escujuri Family Trust dated May 24, 2023, authorizing the purchase of the property located at 1837 Puente Avenue (APN 8558-002-036) for a purchase price not to exceed $2,300,000 plus estimated closing costs and fees in the amount of $55,000; and 2. Find that the approval of the Purchase and Sale Agreement to be exempt from environmental review pursuant to California Environmental Quality Act (CEQA) State Guidelines §§ 15004(b)(4), 15061(b)(3), and 15378(b); and 3. Authorize the Chief Executive Officer (CEO) to execute the Purchase and Sale Agreement and take all related actions necessary to complete the acquisition of the Property; and 4. Authorize the Finance Director to appropriate funds to complete the transaction according to the Agreement and make necessary changes to the budget and set up account numbers needed to record the transactions.