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3. Joint Public Hearing —Adopt Resolution and Approve Purchase and Sale Agreement <br />for Acquisition of Real Property at 915 N Flower Street, 921 N Flower Street, and 842 <br />N Garnsey Street (APN 005-142-58, 005-142-35, and 005-142-47) for Park <br />Space (Contingent upon approval of City Council Item #28.) <br />Public notice published in the Orange County Register on August 23, 2022 and August <br />30, 2022. <br />Department(s): Community Development Agency <br />Recommended Action: SUCCESSOR AGENCY ACTION <br />1. Resolution No. 2022-XXX— Adopt a resolution making certain findings with respect <br />to the consideration to be received by the Successor Agency pursuant to a Purchase <br />and Sale Agreement between the Successor Agency and the City for the sale of <br />various properties: 915 N Flower Street, 921 N Flower Street, and 842 N Garnsey <br />Street (APN 005-142-58, 005-142-35, and 005-142-47), and authorize the Executive <br />Director to execute all required documents as necessary. <br />2. Authorize the Executive Director to execute the Purchase and Sale Agreement and <br />all required documents for the acquisition of real property located at 915 N Flower <br />Street, 921 N Flower Street, and 842 N Garnsey Street (APN 005-142-58, 005-142-35, <br />and 005-142-47) in the amount of $598,000, plus closing costs and escrow fees, <br />subject to non -substantive changes approved by the Executive Director and General <br />Counsel. <br />Moved by Councilmember Hernandez, seconded by Councilmember Lopez to <br />Approve. <br />YES: 7 — Hernandez, Lopez, Mendoza, Penaloza, Phan, Bacerra, Sarmiento <br />NO: 0 <br />ABSTAIN: 0 <br />ABSENT: 0 <br />Status: 7-0-0-0— Pass <br />MINUTES: Chair Sarmiento opened the Joint Public Hearing at 10:19 p.m. <br />No public comments <br />Chair Sarmiento closed the Joint Public Hearing at 10:20 p.m. <br />SUCCESSOR AGENCY COMMENTS <br />MINUTES: None. <br />ADJOURNMENT —Adjourn the Successor Agency meeting and reconvene to the Regular <br />City Council Meeting. <br />City Council 20 9/6/2022 <br />