City Council

D. Consider ratifying the Purchase Agreement for the acquisition of 2 Peppertree Drive. (Forbes) Recommendation: 1) Adopt Resolution No. 2026-__ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES, CALIFORNIA, RATIFYING THE CITY COUNCIL’S PRIOR APPROVAL OF THE PURCHASE AGREEMENT FOR THE ACQUISITION OF 2 PEPPERTREE DRIVE AND AUTHORIZING THE CITY MANAGER, OR DESIGNEE, TO EXECUTE ALL DOCUMENTS NECESSARY TO COMPLETE THE ACQUISITION; and, 2) Approve an additional appropriation of $289,000 for acquisition costs, funded by the General Fund’s Unallocated Fund Balance and allocate to Non-Department - Land. Agenda Report