Item 11.A – public hearing
to consider adopting Resolution No. 24-16 – A Resolution authorizing the City Manager to amend the FY 2023-24 Operating Budget and execute a Purchase and Sale Agreement File No. 422.1 between the City of Bellflower and M Power Communications Corporation for the purchase of real property located at 16730 Bellflower Boulevard (APN 7109-013-800 and 801)
1 DISCUSSION
Located at the nec of Bellflower blvd. and Flower st.
2 non-contiguous ParcelS approximately 23,802 SF in area First with a 6,559 Sf commercial building (chamber office and former Mpower facility); Second parcel Approximately 17,243 SF parking lot
Both parcels are adjacent to the city-owned parking lot IN EARLY MARCH THE PROPERTY WAS LISTED FOR $1,995,000
CITY OFFERED $1,945,000 WITH 30-DAY ESCROW
ACCEPTED BY SELLER
2 DISCUSSION
SUMMARY REPORT INCLUDED PURSUANT TO GOVERNMENT CODE SECTION 52201
DESCRIBES THE SALIENT POINTS OF THE ACQUISITION
IN THE LONG RUN, CITY’S INTENT TO LEASE OR SELL THE PROPERTY FOR A USE THAT WILL CONTRIBUTE TO THE GOAL OF CREATING A ROBUST, PEDESTRIAN ORIENTED DOWNTOWN
ALL PROCEEDS FROM ANY LEASE OR SALE OF THE PROPERTY WILL BE DEPOSITED INTO THE CITY’S GENERAL FUND
3 RECOMMENDATION
OPEN THE PUBLIC HEARING, TAKE TESTIMONIAL AND DOCUMENTARY EVIDENCE, INCLUDING RECEIVING AND FILIING A REPORT REQUIRED BY GOVERNMENT CODE SECTION 52201; AND AFTER CONSIDERING THE EVIDENCE, ADOPT RESOLUTION NO. 24-16 AMENDING THE FISCAL YEAR 2023-24 OPERATING BUDGET TO ALLOCATE FUNDS FOR THE PROPERTY PURCHASE AND AUTHORIZING THE CITY MANAGER TO EXECUTE PURCHASE AND SALE AGREEMENT FILE NO. 422.1 IN A FORM APPROVED BY THE CITY ATTORNEY; OR
ALTERNATIVELY, DISCUSS AND TAKE ANOTHER ACTION RELATED TO THIS ITEM
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6 Subject property
Adjacent City-owned
Public Parking Lot
Subject Site
7 Subject property
Adjacent City-owned
Public Parking Lot
Subject Site
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