City of Long Beach - File #: 29562_000

• File #: 29562_000
• Version: 1
• Name: UNION PACIFIC RAILROAD COMPANY - PURCHASE & SALE AGREEMENT & ESCROW INSTRUCTIONS
• Type: Conformed Contract
• Status: CCIS
• File created: 5/16/2006
• In control: City Clerk
• On agenda: 7/5/2005
• Final action: 7/5/2005
• Title: PURCHASE & SALE AGREEMENT & ESCROW INSTRUCTIONS: (ESCROW #41023527X81, DATE OF OPENING OF ESCROW 8/10/2005) CITY TO PURCHASE CERTAIN REAL PROPERTY IN LONG BEACH (ACQUISITION OF 2.99-ACRE SECTION OF FORMER PACIFIC ELECTRIC RIGHT-OF-WAY EXTENDING FROM ORANGE AVENUE TO WALNUT AVENUE FOR PACIFIC ELECTRIC RIGHT-OF-WAY BIKE TRAIL PROJECT) - PURCHASE PRICE: $1,790,860.50, CALCULATED ON BASIS OF $13.75 PER GROSS SQUARE FOOT OF APPROXIMATELY 130,244.4 SQUARE FEET
• Sponsors: Community Development
• Indexes: Agreements
• Related files: 05-2889

Date	Ver.	Action By	Action	Result
7/5/2005	1	City Council	authorize City Manager

TITLE

PURCHASE & SALE AGREEMENT & ESCROW INSTRUCTIONS:  (ESCROW #41023527X81, DATE OF OPENING OF ESCROW 8/10/2005) CITY TO PURCHASE CERTAIN REAL PROPERTY IN LONG BEACH (ACQUISITION OF 2.99-ACRE SECTION OF FORMER PACIFIC ELECTRIC RIGHT-OF-WAY EXTENDING FROM ORANGE AVENUE TO WALNUT AVENUE FOR PACIFIC ELECTRIC RIGHT-OF-WAY BIKE TRAIL PROJECT) - PURCHASE PRICE:  $1,790,860.50, CALCULATED ON BASIS OF $13.75 PER GROSS SQUARE FOOT OF APPROXIMATELY 130,244.4 SQUARE FEET