Approval of a Purchase and Sale Agreement in the Amount of $1 345 790 with Thomas James Capital Regarding the Sale of City Owned Property Located at 11304 Segrell Way (Former Fire Station #3). Item Number: C 8 Meeting Date: 06/09/2014 CITY COUNCIL AGENDA ITEM: Approval of a Purchase and Sale Agreement in the Amount of $1 345 790 with Thomas James Capital Regarding the Sale of City Owned Property Located at 11304 Segrell Way (Former Fire Station #3). Contact Person / Department: Joe Susca/CDD Todd Tipton/ CDD Fiscal Impact: Yes X No Public Hearing: Commission Action Required: Yes No X Date: _______________ Public Notification (E Mail) Meetings and Agendas City Council (06/04/14); The Culver City Chamber of Commerce (06/03/14); Keller Williams Realty (05/29/14); Thomas James Capital Inc. (05/29/14); Via U.S. Post: A total of 730 businesses residents and property owners within 500 feet of the property to the end of block (05/29/14) Department Approval: Sol Blumenfeld (06/04/14) Charles Herbertson (06/03/14) Chief Financial Officer Approval: Jeff Muir (06/04/14) Phone Number: (310) 253 5763 (310) 253 5783 General Fund: Yes X No City Attorney Approval: Carol Schwab (by H. Baker) (06/04/14) City Manager Approval: John M. Nachbar (06/04/14) Action Item: Attachments: X City of Culver City California Agenda Item Report RECOMMENDATION: Staff recommends the City Council approve a Purchase and Sale Agreement in the amount of $1 345 790 with Thomas James Capital Inc. for the purchase of the City owned property located at 11304 Segrell Way. BACKGROUND: On September 14 2010 Fire Station No. 3 located at 11304 Segrell Way (Property) was decommissioned due to construction of a replacement station at 6030 Bristol Parkway. The Property is comprised of a 4 880 square feet building which resides on three 5 000 square feet single family; residentially zoned parcels. During the City Council s Regular Meeting of March 26 2013 the City Council authorized the release of a Request for Qualifi...
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