City of Long Beach - File #: 12-026SA

• File #: 12-026SA
• Version: 1
• Name: 120412-SA-P&S Agrmnt w/Pine PCH, LLC
• Type: SA-Agenda Item
• Status: Approved
• File created: 11/27/2012
• In control: As the Successor Agency to the Redevelopment Agency of the City of Long Beach
• On agenda: 12/4/2012
• Final action: 12/4/2012
• Title: Recommendation to declare the Successor Agency-owned parcels located at 101 East Pacific Coast Highway and 1814 Pine Avenue as surplus; and Authorize City Manager to execute any and all documents, including a Purchase and Sale Agreement and Escrow Instructions (PSA), with Pine PCH, LLC, a California limited liability company (Buyer), for the sale of the property in the amount of $393,500, less escrow and closing fees. (District 6)
• Related files: 06-143R, 12-1017, 12-038OB

Date	Ver.	Action By	Action	Result
12/4/2012	1	As the Successor Agency to the Redevelopment Agency of the City of Long Beach	approve recommendation	Pass

TITLE

Recommendation to declare the Successor Agency-owned parcels located at 101 East Pacific Coast Highway and 1814 Pine Avenue as surplus; and

Authorize City Manager to execute any and all documents, including a Purchase and Sale Agreement and Escrow Instructions (PSA), with Pine PCH, LLC, a California limited liability company (Buyer), for the sale of the property in the amount of $393,500, less escrow and closing fees.  (District 6)

DISCUSSION

[Description/Discussion]

TIMING CONSIDERATIONS

[Timing Considerations]

FISCAL IMPACT

[Fiscal Impact]

SUGGESTED ACTION

Approve recommendation.

BODY

[Enter Body Here]

Respectfully Submitted,

APPROVED:

PATRICK H. WEST

CITY MANAGER