Title
Subject: Michael And Margaret Chu - Agreement
From: Community and Economic Development Agency
Recommendation: Adopt An Ordinance Authorizing The City Administrator To Negotiate And Execute A Purchase And Sale Agreement With Michael And Margaret Chu For The City's Purchase Of 2680 Beaconsfield Place (APN 048D-7280-028) Consisting Of About 5,929 Square Feet Of Land Located In The Beaconsfield Canyon For The Fair Market Value Of Sixty Eight Thousand Nine Hundred Dollars ($68,900) Plus Closing Costs Not To Exceed Five Thousand Dollars ($5,000) For The Measure DD Watershed Acquisition Project