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Thousand Oaks council approves sale of Hillcrest Center to Conejo Recreation and Park District for $30.4 million
Summary
The Thousand Oaks City Council voted 5–0 to approve a purchase-and-sale agreement and development agreement conveying 401–403 West Hillcrest Drive to the Conejo Recreation and Park District for $30,400,000; the development agreement preserves current land‑use designations for 30 years and requires a six‑month escrow and a $175,000 appropriation for survey and title work.
The Thousand Oaks City Council voted unanimously to approve a purchase-and-sale agreement and a development agreement transferring city-owned property at 401 and 403 West Hillcrest Drive to the Conejo Recreation and Park District (CRPD) for $30,400,000.
Deputy City Manager Akbar Alakhan told the council the sale follows independent appraisals and a tentative agreement reached by city and CRPD staff. ‘‘The terms of which convey the property to CRPD for a total sale price of $30,400,000,’’ Alakhan said, and staff set a six‑month escrow beginning the night of the vote that is scheduled to end on July 13, 2026. The development agreement…
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