title
Approve Resolution Approving Purchase and Sale Agreement for Vacant Parcel Owned by Hoff Investments and PMD Investments (APN 910-262-003)
recommendation
That the City Council take the following actions:
1. Adopt a resolution entitled:
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TEMECULA APPROVING THAT CERTAIN AGREEMENT ENTITLED PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS BETWEEN THE CITY OF TEMECULA, AS BUYER, AND HOFF INVESTMENTS, L.P. AND PMD INVESTMENTS, L.P., AS SELLERS (APN 910-262-003)
2. Authorize the City Manager to approve and execute all necessary documents, including escrow-related documents, and those documents in substantially the form attached to the agenda report, and take all necessary actions to effectuate the purchase of Assessor’s Parcel Number 910-262-003.