File #: 19-501    Version: 2 Name: ZAB Purchase and Sale Agreement
Type: Resolution Status: Consent Calendar
File created: 12/12/2019 In control: Community Development Commission
On agenda: 1/21/2020 Final action:
Title: Real Property Purchase and Sale Agreement - APN 0407-261-03, 04 & 20 Recommended Action: It is recommended that the Hesperia Housing Authority (HHA) adopt Resolution No. HHA 2020-02 and the Hesperia Community Development Commission (CDC) adopt Resolution No. CDC 2020-01: (i) approving “Agreement for the Purchase and Sale Of Real Property and Joint Escrow Instructions” (Agreement) for real property located at the northwest corner of Ninth and Juniper, Assessor Parcel Numbers 0407-261-03, 04 & 20 (Property) by and between ZAB LLC, a California limited liability company (Buyer) and the Hesperia Housing Authority and Hesperia Community Development Commission (Seller); and (ii) authorizing the City Manager and Executive Director to execute all documents necessary to complete the transaction and adjust book value of properties accordingly.
Sponsors: Rod Yahnke
Attachments: 1. SR ZAB Purchase and Sale Agreement 1-21-2020, 2. Resolution HHA 2020-02, 3. Resolution CDC 2020-01, 4. Attachment 3 - Purchase & Sale Agreement - HHA, 5. Attachment 4 - Purchase & Sale Agreement - CDC
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Title Real Property Purchase and Sale Agreement - APN 0407-261-03, 04 & 20

 

Recommended Action:

 

It is recommended that the Hesperia Housing Authority (HHA) adopt Resolution No. HHA 2020-02 and the Hesperia Community Development Commission (CDC) adopt Resolution No. CDC 2020-01: (i) approving “Agreement for the Purchase and Sale Of Real Property and Joint Escrow Instructions” (Agreement) for real property located at the northwest corner of Ninth and Juniper, Assessor Parcel Numbers 0407-261-03, 04 & 20 (Property) by and between ZAB LLC, a California limited liability company (Buyer) and the Hesperia Housing Authority and Hesperia Community Development Commission (Seller); and (ii) authorizing the City Manager and Executive Director to execute all documents necessary to complete the transaction and adjust book value of properties accordingly.