Long Beach, CA
File #: 10-041HC    Version: 1 Name: Acquisition of 1170 Magnolia Ave
Type: HC-Agenda Item Status: Approved
File created: 5/11/2010 In control: The Long Beach Housing Development Company
On agenda: 5/19/2010 Final action: 5/19/2010
Title: Recommendation to: 1) Approve the acquisition of two properties located at 1770 Magnolia Ave. and 460 W. Pacific Coast Highway and authorize a budget of $1,378,750 to acquire and assemble these sites for development; and 2) Authorize the President or designee to execute any and all documents necessary to complete property acquisition site assembly.
Sponsors: Community Development, The Long Beach Housing Development Company
Attachments: 1. Item 5 - Acquisition.pdf, 2. Item 5 - Attachment A.pdf, 3. Item 5 - Attachment B.pdf

TITLE

Recommendation to:

 

1)                     Approve the acquisition of two properties located at 1770 Magnolia Ave. and 460 W. Pacific Coast Highway and authorize a budget of $1,378,750 to acquire and assemble these sites for development; and

 

2)                     Authorize the President or designee to execute any and all documents necessary to complete property acquisition site assembly.

 

SUGGESTED ACTION

Approve recommendation.