REPORT TO THE CITY COUNCIL
FROM: GEORGEANNE A. WHITE, City Manager
Office of the City Manager
BY: CLIFF LONG, Director
Economic Development Department
SUBJECT
Title
Actions pertaining to the sale of an approximate 14.58? acre property located at the southwest corner of West Herndon and North Brawley Avenues (Council District 2)
1. ***RESOLUTION - Finding good cause and clear and convincing benefit to the public pursuant to Fresno Municipal Code Section 4-204 relating to the disposition of real property identified as Assessor's Parcel Number 507-030-48ST (Herndon & Brawley Avenue) (Property) (Subject to Mayor's Veto)
2. Approve the First Amendment of the Purchase and Sale Agreement with Lakhjit S. Sandhu, MD, increasing the purchase price to $2,100,000, (a $250,000 increase over the initial agreement), with applicable title and escrow costs to be split 50/50 with the buyer, not to exceed $6,000, resulting in net proceeds of $247,000
Body
RECOMMENDATION
Staff recommends the City Council 1) adopt the resolution finding good cause and clear and convincing benefit to the public to vary from Fresno Municipal Code (FMC) 4-204 relating to the disposition of the Property, and 2) approve the First Amendment of the Purchase and Sale Agreement between the City of Fresno and Lakhjit S. Sandhu, MD (Buyer), for the property located at the southwest corner of West Herndon and North Brawley Avenues, and authorize the City Manager, or their designee, to execute all documents necessary to complete the subject transaction.
EXECUTIVE SUMMARY
The proposed action seeks City Council approval to amend the existing agreement for the sale of ?14.58 acres of vacant land located in North Fresno at the southwest corner of West Herndon and North Brawley Avenues (APN 507-030-48ST), which City Council approved on July 21, 2022, for a price of $1,850,000. The First Amendment proposes a new purchase price of $2,100,000 (an increase of $250,000). The amendment responds to changi...
Click here for full text