OTHERAPPROVED

Housing Authority Approves $1.8 Million Property Purchase

The South Gate Housing Authority approved a purchase and sale agreement with the Los Angeles County Board of Education to acquire the former Rancho Market property at 13050 Paramount Boulevard for $1.8 million. Escrow was scheduled to close approximately 30 days after opening, with a possible 15-day extension, so the property could be redeveloped for affordable housing.

Document date · March 24, 2020

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Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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TerraCycle logo
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WithersRavenel logo
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Scope & details

The full contract record, as filed.

Contract amount
$1,800,000 purchase price, including a $25,000 refundable deposit
Contract type
OTHER
Contract term
Escrow to open within 5 business days after the Effective Date; closing 30 days after the Escrow Opening Date, with an optional 15-day extension
Renewal
Not a renewable service contract. Escrow may be extended by 15 days upon notice from either party.
Document type
AgendaPacket
Source document
South Gate Housing Authority AgendaPacket 2020-03-24

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Housing Authority of the city of South Gate?

Los Angeles County Board of Education was awarded this government contract by Housing Authority of the city of South Gate, as recorded on March 24, 2020. The contract value is $1,800,000 purchase price, including a $25,000 refundable deposit.

How much is the Los Angeles County Board of Education contract with Housing Authority of the city of South Gate worth?

The Los Angeles County Board of Education contract with Housing Authority of the city of South Gate is valued at $1,800,000 purchase price, including a $25,000 refundable deposit.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in South Gate Housing Authority AgendaPacket 2020-03-24 (AgendaPacket), dated March 24, 2020 from Housing Authority of the city of South Gate. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Los Angeles County Board of Education hold?

Los Angeles County Board of Education may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Housing Authority of the city of South Gate currently buying?

Explore Housing Authority of the city of South Gate's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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