Report Prepared by: Julie Nelson, Associate Planner, Planning Department
Title
SUBJECT: First Amendment to the Purchase and Sale Agreement for 2322 G Street
REPORT IN BRIEF
Amend the Purchase and Sale Agreement for 2322 G Street to allow additional time to complete Phase One of the Pro Lube construction project.
RECOMMENDATION
City Council - Adopt a motion approving the First Amendment to the Purchase and Sale Agreement for 2322 G Street allowing additional time for the project to be completed and authorizing the City Manager to execute the necessary documents.
Body
ALTERNATIVES
1. Approve as recommended by staff; or,
2. Approve subject to modifications by the City Council; or,
3. Deny; or,
4. Refer back to staff for reconsideration of specific items (specific items to be addressed in the motion); or,
5. Continue to a future meeting (date and time to be specified in the motion).
AUTHORITY
Charter Section 200 authorizes the City Council to enter into and amend agreements with other entities.
DISCUSSION
On October 20, 2014, the City Council entered into an agreement with Pro Lube Incorporated for the purchase of the property located at 2322 G Street (refer to the location map at Attachment 1 and the agreement at Attachment 2). Pro Lube Inc. planned to construct a new Pro Lube building (with sandwich shop); three other new buildings, and remodel the existing car wash and vacuum center (refer to the site plan at Attachment 3).
The Purchase and Sale Agreement called for the project to be constructed in two phases. Phase One consisted of the remodel of the existing carwash and vacuum center, and the construction of the Pro Lube building (and sandwich shop) and Phase Two would be the remainder of the buildings. Section 9 of the agreement specified that construction was to begin within 15 months of the close of escrow (December 22, 2014). Based on this, construction of the project should start no later than March 22, 2016. ...
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