City Council

CC 11. Real Estate Option Agreement with L Street Properties, LLC Recommendation(s): 1. Authorize the City Manager, or his designee, with the concurrence of the City Attorney, to negotiate, finalize and execute the Real Estate Option Agreement and all related documents. 2. Appropriate $150,000.00 from General Fund to 101.24000.8010, as consideration for the Real Estate Option Agreement. The Parkway Village Specific Plan area is a forward thinking plan that will guide the development of a vibrant new neighborhood unlike anything that exists in the Antelope Valley today. Encompassing over 430 acres of land, Parkway Village is envisioned as a walkable, mixed use community that aims to bring together a dynamic blend of housing, shopping, health care, recreation, and public spaces right in the heart of the City.