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HomeMy WebLinkAboutStaff ReportMayor Ron Morrison Council Members Alejandra Sotelo-Solis Louis Natividad Mona Rios Rosalie Zarate CALIFORNIA +- TION��.�LMr /- 1ivC0i p0 U ED J Office of the City Attorney City Attorney Claudia Gacitua Silva Legal Counsel George H. Eiser, III Senior Assistant City Attorney Jodi L. Doucette TO: Mayor and City Council DATE: January 24, 2011 FROM: George H. Eiser, III, Legal Counsel SUBJECT: Agreement for Exchange of City -Owned Property at 522 West 8th Street for Property Owned by Iiles Family Trust at 2020 Hoover Avenue; Fourth Amendment to Agreement On September 23, 2010, the City and the Illes Family Trust ("Illes") entered into an Agreement for Exchange of Real Property and Joint Escrow Instructions (the "Agreement") whereby the parties agreed to an exchange of the City -owned property at 522 West 8th Street for the Illes- owned property at 2020 Hoover Avenue. Section 6.1.2 of that Agreement provides that either party to the Agreement shall have forty-five (45) days after the Agreement is executed (the "Contingency Period") to review and approve or disapprove, among other items, soils and environmental reports pertaining to the other party's property. Amendments to the Agreement were approved on November 9, 2010, December 23, 2010, and January 11, 2011, resulting in extensions of the Contingency Period through January 24, 2011, to allow additional time for the preparation and review of environmental investigation reports. A soils investigation study will be performed on the property at 522 West 8th Street by Geosyntec Consultants, the City's environmental consultant, pursuant to Geosyntec's proposal dated January 21, 2011. In order to provide sufficient time for the parties to review the soils investigation report, is was necessary to again extend the Contingency Period beyond its January 24 expiration date. The City Manager has signed a Fourth Amendment to the Agreement, extending the Contingency Period to 5:00 p.m. of the third day following the parties' receipt of the Gcosyntec report; it is expected that the report will be completed in approximately two weeks. It is now appropriate for the City Council to ratify the Fourth Amendment to Agreement. .41,24_11t. EORGE H. EISER III G , Legal Counsel GHE/gmo 1243 National City Boulevard; National City, California 91950-4301 Tel.: (619) 336.4220 Fax: (619) 336.4327