Recommendation to declare the City-owned property located at 227 Elm Avenue as surplus, authorize City Manager, or designee, to execute any and all documents necessary, including a Purchase and Sale Agreement (PSA) with CV Communities, LLC, a Delaware limited liability company (Buyer), for the sale of the property in the amount of $1,325,000, and accept Categorical Exemption CE 14-045.  (District 2)
Recommendation to declare a city owned property at 2 to 7 Elm Avenue has surplus property and authorize the sale to the sale and Purchase and Sale Agreement with civic communities for the sale of the property in amount of 1.3 to $5 million. Vice Mayor Alonzo. Thank you, Mr. Mayor. I wanted to convey my appreciation for the city's efforts to move our successor agency process forward. I'm really excited about the development of this block, sometimes referred to as the Broadway block. Many of you are very familiar with this because it's contributed to the disconnect, to a disconnect between the East Village and the core of downtown. If one looks out a few years from now. However, I think what we'll see is that this disconnect all but disappearing as the Edison lofts come to fruition and the Old City Hall East Building is built, the American Hotel is restored for commercial and dining, and hopefully the Edison Theater is adaptively reused. Thereafter, the Beachwood Brewing and others set and others are set to renovate commercial spaces on the west side of Long Beach Boulevard and third, and the Broadway block begins to take shape with this and other exciting projects to come. And so when we play the life cycle out of of these actions and this action tonight, it's something that's very exciting and something that we have a lot to look forward to. And so I hope very soon that we won't see this disconnect anymore. And we'll look at the Broadway block as vibrant and a core part of our downtown efforts. And with that, I'd like to make the motion. It has been in motion in a second. Any public comment on the item? CNN members, please cast your vote. I mean. Yes. Motion carries nine votes. 26.