Redondo Beach
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The City Council this week approved a ground lease with the South Bay Union High School District for a three-acre corner parcel of Aviation High School property.
As part of a 15-year lease and purchase transaction, the city will make its first payment to the district this week. The city has agreed to eventually pay a total of $2.785 million for the property, a portion of it in annual $241,000 payments.
The parcel will be used to provide parking for the 11.2-acre portion of the property designated for recreation purposes.
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