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File #: 18-952    Version: 1
Type: Community & Economic Development Status: Agenda Ready
File created: 6/12/2018 In control: Office of Economic Development
On agenda: 6/26/2018 Final action: 6/26/2018
Title: Actions Related to the Purchase and Sale Agreement with Grizzly Hanchett, LLC, for Real Property Located at 1343 The Alameda.
Sponsors: City Council
Attachments: 1. Memorandum, 2. Letter from the Public
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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...Title

Actions Related to the Purchase and Sale Agreement with Grizzly Hanchett, LLC, for Real Property Located at 1343 The Alameda.

...Recommendations

a.                     Adopt a resolution authorizing the City Manager or his designee to negotiate and execute a Purchase and Sale Agreement with Grizzly Hanchett, LLC, a California limited liability company in the amount not-to-exceed $561,000 for the purchase of a parking lot located at 1343 The Alameda, San José, CA identified as APN 261-23-064 for the future construction of a public plaza or pocket park and to negotiate and execute all other documents necessary to complete the transaction.

b.                     Adopt the following 2018-2019 Appropriation Ordinance amendments in the Subdivision Park Trust Fund (Fund 375):

                     1.                     Establish the Council District 6 Land Trust Acquisition Project to the Parks, Recreation, and Neighborhood Services Department in the amount of $561,000; and

                     2.                     Decrease the Future PDO/PIO Projects Reserve appropriation by $561,000.

CEQA: Statutorily Exempt, File No. PP18-052, CEQA Guidelines Section 15061(b)(3), Review for Exemption. Council District 6. (Economic Development/Parks, Recreation and Neighborhood Services/City Manager)