Resolution No. 11659 - A Resolution Authorizing the City Manager to Execute a Purchase and Sale Agreement and Appropriation of Funds (Folsom Housing Fund 238)

Resolution No. 11659 authorizes the City Manager of the City of Folsom to execute a Purchase and Sale Agreement with Brian Martell and Moe Hirani for the acquisition of two parcels of land, identified as Assessor's Parcel Numbers 070-0046-026 and 070-0042-002. The total purchase price for these parcels is 1.55 million dollars, with funding appropriated from the Folsom Housing Fund 238. The properties consist of vacant land located within the Historic District of Folsom, California, and are designated for future housing development with a minimum density of 20 units per acre to help meet the city's lower income RHNA requirements as listed in the Housing Element. The transaction is categorized as a transfer of property ownership and is exempt from CEQA review under Section 15061(b)(3) because the acquisition does not approve a specific development project or cause physical environmental changes. The agreement was posted on June 24, 2026, and is identified by document number 2026-0264. Pam Johns, the Community Development Director, serves as the primary point of contact for this action.