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File #: 21-0708    Version: 1
Status: Closed Session
File created: 5/25/2021 In control: City Council
On agenda: 6/8/2021 Final action:
Title: CONFERENCE WITH REAL PROPERTY NEGOTIATORS (Government Code § 54956.8): 1 Matter
Attachments: 1. Correspondence

Title

CONFERENCE WITH REAL PROPERTY NEGOTIATORS

(Government Code  § 54956.8): 1 Matter

Recommendation

Properties: 3300 Newport Boulevard, Newport Beach, CA 92663 and 475 32nd St, Newport Beach, CA 92663.

 

Agency Negotiators: Seimone Jurjis, Community Development Director.

 

Negotiating Parties: Robert D. Olson, President of Olson Real Estate Group, Inc. the  Manager of Lido House, LLC, a California limited liability company.

 

Under Negotiation: Instruction to negotiator regarding price and terms of payment.  The City Council will not be considering the sale of either property and will only be discussing a leasehold interest in the properties.