Title:
Title
(Redevelopment Agency Successor Agency) Purchase and Sale Agreement for RASA-owned Properties at 2330 Lexington Street, (APN 277-0083-006), 2334 Lexington (APN 277-0083-007), 1116 Dixieanne Avenue (APN 277-0083-002), 1120 Dixieanne Avenue (APN 277-0083-003) and 2323 Selma Street (APN 277-0083-004)
End
FileID
File ID: 2019-01255
Location
Location: District 2, 2330 Lexington Street (APN 277-0083-006), 2334 Lexington (APN 277-0083-007), 1116 Dixieanne Avenue (APN 277-0083-002), 1120 Dixieanne Avenue (APN 277-0083-003) and 2323 Selma Street (APN 277-0083-004)
Recommendation:
Recommendation
Pass a Redevelopment Agency Successor Agency Motion: 1) approving a Purchase and Sale Agreement with College Town International for the sale of Redevelopment Agency Successor Agency-owned properties at 2330 Lexington Street (APN 277-0083-006), 2334 Lexington (APN 277-0083-007), 1116 Dixieanne Avenue (APN 277-0083-002), 1120 Dixieanne Avenue (APN 277-0083-003) and 2323 Selma Street (APN 277-0083-004) in the amount of $618,842; and 2) authorizing the City Manager or the City Manager's designee to execute the attached Purchase and Sale Agreement and related documents and take any additional necessary actions to implement the agreement.
Contact: Leslie Fritzsche, Economic Investment Manager, (916) 808-5450, Office of Innovation and Economic Development
Body
Presenter: None
Attachments:
1-Description/Analysis
2-Map of Site
3-Photos of Site
4-Purchase and Sale Agreement with College Town International, LLC[NH1]
Description/Analysis
Issue Detail: The Redevelopment Agency Successor Agency (RASA) owns property in the North Sacramento redevelopment area on 2330 Lexington Street (APN 277-0083-006), 2334 Lexington (APN 277-0083-007), 1116 Dixieanne Avenue (APN 277-0083-002), 1120 Dixieanne Avenue (APN 277-0083-003) and 2323 Selma Street (APN 277-0083-004)(collectively referred to as the "Site,") (see map and photos included as Attachment 1 a...
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