Actions pertaining to the acquisitions of fee title interest of parcels to benefit the Blackstone McKinley BNSF Grade Separation Project (Council Districts 1 and 7); 1. Approve the Agreement for Purchase and Sale of Real Property and Escrow Instructions to acquire fee title interest of seven (7) improved parcels, collectively 3.0-acres (130,716 square feet), identified as Assessor’s Parcel Numbers 451-071-07, 451-071-08, 451-071-09, 451-071-10, 451-071-23, 451-071-25, and 451-071-38, owned by Rocking Rail LLC, a California limited liability company for an amount of $4,500,000.00, for the construction of the Blackstone McKinley BNSF Grade Separation Project. 2. Approve the Agreement for Purchase and Sale of Improvements Pertaining to the Realty and Business Furniture, Fixtures, and Rolling Stock and Escrow Instructions to acquire all improvements, business fixtures and rolling stock as identified in the associated Bill of Sale, owned by Jet Black Logistics, Inc., a California corporation, doing business as E-Z Haul Ready Mix and Star Building Supplies for an amount of $2,872,250.00 for the construction of the Blackstone McKinley BNSF Grade Separation Project.

Action Item Passed Introduced December 19, 2024

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