Recommendation to adopt Specifications No. RFP EP16-121 for the purchase and development opportunity at 4800 Long Beach Boulevard, Assessor Parcel Numbers 7133-010-900, -901, -902, -903, -904 (Subject Property); Declare the City-owned Subject Property as surplus; Authorize City Manager, or designee, to execute any and all necessary documents including a Purchase and Sale Agreement with City Ventures, LLC, a Delaware limited liability company, or affiliate, for the sale of the Subject Property in the amount of $1,250,000; and Accept Categorical Exemption CE 16-137. (District 8)
Item 21. A report from Economic and Property Development and Development Services recommendation to adopt specifications for the purchase and development opportunity at 4800 Long Beach Boulevard. Declare the property a surplus and authorize the city manager to execute all necessary documents with city ventures for the sale of the property in the amount of 1.2 million District eight. Councilman Austin. Thank you. And this is this is a good day for the district. This property has been vacant for many, many years, has gone through some machinations and some some. Some visions. But but ultimately, this was put on an RFP. The original RFP came back with no interest. And then so the city reissued the RFP and we were fortunate to get three bids. And this bid turned out to be the bid recommended by staff. But based on what I have reviewed, I think this is a great project that will bring proposals to bring condominiums to the Long Beach Boulevard in an area that has been blighted for far too long. And so, members, I ask for your support on this matter. Councilmember Richardson. Congratulations, Councilmember Austin. More quality housing in North Long Beach. Right. Is there any member of the public that wishes to address the Council on item 21? CNN members cast your vote. Let's move on, though. Motion carries. Thank you. Madam Clerk, if we're going back to the regular agenda, does that leave us with item 22? We'd go back to item 1414.