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CITY OF <br />MEMORANDUM <br />RANCHO PALOS VERDES <br />TO: <br />FROM: <br />DATE: <br />SUBJECT: <br />HONORABLE MAYOR &CITY COUNCIL MEMBERS <br />KIT FOX,AICP,SENIOR ADMINISTRATIVE ANALYS~ <br />APRIL 29,2013 ~ <br />LATE CORRESPONDENCE REGARDING ACQUISI· <br />TION OF PROPERTY ON CHERRY HILL LANE <br />(NIEMEYER LAND &FARMING PARTNERSHIP, <br />ASSESSOR PARCEL NOS.7572·007·011 &7572·007· <br />012)-ITEM '8' <br />Subsequent to the completion of the April 30 th Staff report,the seller advised Staff and <br />the City Attorney that the Partnership had already paid the second installment of the <br />FY 2012-13 property taxes for the two (2)parcels.As such,the sales price for the <br />property will now be $4,370.00,rather than $4,880.22 as discussed in the Staff report.1 <br />The purchase agreement has been revised accordingly (see attachment),but this <br />change does not affect the draft resolution that is presented for the City Council's <br />adoption at the April 30 th meeting. <br />Attachment: <br />•Revised Purchase Agreement <br />M:\Property Purchases\APN 7572-007-011 &-012 (Cherry Hill Ln)\20130429_NiemeyerAcquisilion_LateCorrespondence.docx <br />1 With this change,the actual total cost of the acquisition is now expected to be $11,757.75, <br />rather than $12,267.97 as noted in the April 30th 8taff report.8