LA County Board

24. Purchase Real Property for Capital Project No. 7A011, Department of Public Social Services Building Recommendation: Approve and authorize the Chief Executive Officer to execute a Purchase and Sale Agreement to purchase the property located at 3833 South Vermont Avenue, in the City of Los Angeles (2) (Property) on behalf of the County for $20,443,823, including $100 as independent consideration, plus an amount not to exceed $1,000,077 for closing costs. Authorize the Chief Executive Officer to take all further actions necessary and appropriate to complete the transaction on behalf of the County, including opening and management of escrow, any administrative adjustments to the transfer documents, execution of all the requisite documentation for the completion of the acquisition and acceptance of the deed conveying title of the Property to the County; and authorize the Chief Executive Officer to execute any and all agreements, contracts, applications, and documents necessary for the County's occupancy and operation of the Property following acquisition. Establish and approve the 3833 South Vermont Avenue Acquisition, Capital Project (CP) No. 7A011. Approve an appropriation adjustment to use $21,444,000 from the obligated fund balance committed for the Department of Public Social Services Building Purchase for CP No. 7A011 to fully fund the purchase of the Property. Authorize the Auditor-Controller to issue warrants as directed by the Chief Executive Office for the purchase price, closing costs and any other related transactional costs. Instruct the Assessor to place the Property under the complete ownership of the County and remove the Property from the tax roll effective upon the transfer of title to the County. Find that the recommended actions are exempt from the California Environmental Quality Act. 4-VOTES (26-2826)