City of Long Beach - File #: 09-143R

• File #: 09-143R
• Version: 1
• Name: Purchase & Sale of 1404-1420 Hayes Ave. & 1351 Seabright Ave. for $1,600,000
• Type: RDA-Contract
• Status: Approved
• File created: 11/23/2009
• In control: Redevelopment Agency Board
• On agenda: 12/7/2009
• Final action: 12/7/2009
• Title: Recommendation to approve and authorize the Executive Director to execute a Purchase and Sale Agreement and all other related documents for the acquisition of property at 1404-1420 Hayes Avenue and 1351 Seabright Avenue for a purchase price of $1,600,000 plus closing costs; and Approve and authorize the Executive Director to enter into a month-to-month lease agreement with Anthony Lopez for the temporary use of 1404-1420 Hayes Avenue and 1351 Seabright Avenue. (West Long Beach Industrial - District 1)
• Related files: 09-024R

Date	Ver.	Action By	Action	Result
12/7/2009	1	Redevelopment Agency Board	approve recommendation	Pass

TITLE

Recommendation to approve and authorize the Executive Director to execute a Purchase and Sale Agreement and all other related documents for the acquisition of property at 1404-1420 Hayes Avenue and 1351 Seabright Avenue for a purchase price of $1,600,000 plus closing costs; and

Approve and authorize the Executive Director to enter into a month-to-month lease agreement with Anthony Lopez for the temporary use of 1404-1420 Hayes Avenue and 1351 Seabright Avenue.

(West Long Beach Industrial - District 1)

SUGGESTED ACTION

Approve recommendation.