Long Beach, CA
File #: 18-0903    Version: 1 Name: ED/DHHS - Real Estate Purhcase of 1722 Hayes Ave. D1
Type: Contract Status: Withdrawn
File created: 9/19/2018 In control: City Council
On agenda: 10/9/2018 Final action: 10/9/2018
Title: WITHDRAWN Recommendation to authorize City Manager, or designee, to execute any and all documents necessary, including a Standard Offer, Agreement, and Escrow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 (Agreement) and Standard Industrial/Commercial Single-Tenant Lease (Lease) with Paul M. Stone, as Trustee of the Paul M. Stone Living Trust under declaration of Trust dated January 30, 2016 (Seller), for the lease and purchase and other related costs of certain real property located at 1718-1722 Hayes Avenue, Assessor Parcel Number 7429-028-034, in the amount of $1,897,000; and Accept the Categorical Exemption CE 18-219. (District 1)
Sponsors: Economic Development, Health and Human Services
Indexes: Agreements
Attachments: 1. 100918-R-21sr&att.pdf
TITLE
WITHDRAWN
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 (Agreement) and Standard Industrial/Commercial Single-Tenant Lease (Lease) with Paul M. Stone, as Trustee of the Paul M. Stone Living Trust under declaration of Trust dated January 30, 2016 (Seller), for the lease and purchase and other related costs of certain real property located at 1718-1722 Hayes Avenue, Assessor Parcel Number 7429-028-034, in the amount of $1,897,000; and

Accept the Categorical Exemption CE 18-219. (District 1)

DISCUSSION
On September 11, 2018, the City Council adopted a Resolution declaring a shelter crisis pursuant to SB 850 (Chapter 48, Statutes of 2018 and Government Code § 8698.2) and suspending applicable provisions of local law, including those contained in the City’s zoning ordinances and regulations, allowing the City to apply for Homeless Emergency Aid Program (HEAP) funds. HEAP funding, offered through the State’s Fiscal Year 2019 (FY 19) budget, provides $500 million in one-time funds to enable local jurisdictions to provide immediate emergency assistance to individuals experiencing homelessness. The City is scheduled to participate in the early application process during Round 1 and submitted its application on September 19, 2018. It is anticipated that the City will receive an award and distribution of funds will be completed within 60 days.

The City has identified a property located at 1718-1722 Hayes Avenue, Assessor Parcel Number 7429-028-034 (Subject Property) (Exhibit A), as a potential site for Homeless Services Property Storage. The Subject Property is approximately 6,520 square feet and is improved with a 5,400-square-foot industrial building. The Subject Property has been listed on the market for a purchase price of $1,755,000. The City has submitted an offer and the property owner has agreed to sell the ...

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