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City Council Votes to Not Buy 2913 Pacific Ave. Property

The property at 2913 Pacific Ave., which the city owns half of, is for sale for $1,495,000. The former city manager and his wife jointly owned the property with the city under an agreement between them.

The City of Manhattan Beach will not buy the property at 2913 Pacific Ave., instead electing to sell its share in it.
The City of Manhattan Beach will not buy the property at 2913 Pacific Ave., instead electing to sell its share in it.
City Council opted Tuesday night not to purchase the remaining half of the property the city holds jointly with former City Manager David Carmany.

Carmany and the city entered into an agreement in which the two parties purchased the property at 2913 Pacific Ave., splitting ownership equally.

Now that Carmany is no longer city manager, City Council had the option for the city to own the property completely. On a 4-0 vote (Council member Tony D'Errico was not present), council voted to sell the city's interest in the property.

A For Sale sign was seen on the property in mid-November. 

Tuesday, before council met that afternoon, Interim City Manager John Jalili told Patch the property, listed at $1,495,000, has an offer on it. Back-up offers are being accepted, according to a local real estate website.

According to Blcokshopper.com, Carmany and his wife purchased the property for $1,080,000 on Feb. 2, 2011. The city entered into home loan and equity sharing agreement with Carmany.

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