Title
Subject: Purchase Of 5818 International Boulevard
From: Community and Economic Development Agency
Recommendation: Conduct A Public Hearing and Upon Conclusion Action On The Following Pieces Of Legislation:
1) Introduction (First Reading) Of An Ordinance Authorizing The Purchase Of Real Property At 5818 International Boulevard (Apn 038-3234-012-03 And 038-3234-013-01) From A. Essabhoy, Trustee Of The Essabhoy Trust, For $790,000, Plus Customary Real Estate Closing Costs, For Redevelopment As A Teen Youth Center, And Accepting And Appropriating A Contribution Of $790,000, Plus Customary Real Estate Closing Costs, From The Redevelopment Agency Under The Cooperation Agreement For The Purchase Of The Property; And