City Council

38. 26-55397 Recommendation to authorize City Manager, or designee, to execute any and all documents necessary, including a Standard Offer, Agreement and Escrow Instructions for Purchase of Real Estate with LALB Harbor, LLC, a California limited liability company, for the purchase of certain real property located at 1400 Canal Avenue, Assessor Parcel Number: 7432-011-046, in an amount not to exceed $6,300,000, with an additional $100,000, for acquisition-related costs; Increase appropriations in the Capital Projects Fund Group in the Public Works Department by $6,750,000, to fund the purchase of the property, acquisition- related costs and to fund tenant improvements, offset by the sale of the Subject Property or future bond proceeds; and Accept Categorical Exemption CE 26-048. (District 7) Levine Act: Yes Office or Department: Economic Development and Opportunity; Police Department; Public Works Suggested Action: Approve recommendation.