CC RES 2026-068 RESOLUTION NO. 2026-68
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF RANCHO PALOS VERDES, CALIFORNIA,
RATIFYING THE CITY COUNCIL'S PRIOR
APPROVAL OF THE PURCHASE AGREEMENT FOR
THE ACQUISITION OF 2 PEPPERTREE DRIVE AND
AUTHORIZING THE CITY MANAGER, OR
DESIGNEE, TO EXECUTE ALL DOCUMENTS
NECESSARY TO COMPLETE THE ACQUISITION
WHEREAS, the City Council previously considered and approved, in Closed
Session, the acquisition of the real property commonly known as 2 Pep.pertree Drive;
WHEREAS, the parties thereafter entered into a Residential Purchase Agreement
for the. acquisition of the property; and
WHEREAS, the escrow holder has requested formal evidence of the City's
authorization and of the authority of the City's authorized representative to, execute
closing documents.
II NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES RESOLVES:
Section 1. The foregoing recitals are true and correct.
Section .2. The City Council confirms and ratifies its prior approval of the
acquisition of the real property located at 2 Peppertree Drive pursuant to the executed
Purchase Agreement.
Section 3. The City Manager, or designee, is authorized to execute and deliver
escrow instructions, certificates, affidavits, closing statements, deeds, and any other
documents necessary or convenient to complete the acquisition.
Section 4. City staff are authorized to take all ministerial actions necessary to
implement this Resolution.
Section 5. This Resolution .,shall take effect immediately upon adoption.
I
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PASSED, APPROVED AND ADOPTED this 18th day of August, 2026.------ --- -1:3Jaul eo ayor
ATTEST:
Te Takaoka, City Clerk
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss
CITY OF RANCHO PALOS VERDES. )
1, Teresa Takaoka, City Clerk of the City of Rancho Palos Verdes., hereby certify that the
above Resolution No. 2026-68 was duly and regularly passed and adopted by the saidII
City Council at a regular meeting thereof held on August 18,, 2026.
4aigar-
T--C -Ae. -Takaoka, City Clerk
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