https://sanmateocounty.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6295851&GUID=DBFBE6A2-622D-4337-9B21-DE5C6A6DD24F&G=1088EC25-A43A-408F-A57C-73C0A70269ABLegistar15https://sanmateocounty.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6295851&GUID=DBFBE6A2-622D-4337-9B21-DE5C6A6DD24F&G=1088EC25-A43A-408F-A57C-73C0A70269ABDBFBE6A2-622D-4337-9B21-DE5C6A6DD24F-2025-04-02-18-47-00Title: Adopt a resolution: A) Authorizing and directing the County Executive, or designee(s), to negotiate and execute a Memorandum of Understanding (MOU) between the County of San Mateo and the City of Half Moon Bay regarding development of an affordable housing project at 880 Stone Pine Rd., Half Moon Bay, CA 94019; and B) Authorizing and directing the County Executive, or designee(s), to negotiate and execute a Lease Agreement and Sublease Agreement with the City of Half Moon Bay under which the County of San Mateo would make a one-time lease payment to the City of Half Moon Bay in an amount not to exceed $3,200,000 to be repaid by the City of Half Moon Bay under a sublease with interest at a rate of 3.13% per annum over a term of 10 years; and C) Authorizing and directing the County Executive, or designee(s), to execute, on behalf of the County of San Mateo, all notices, options, consents, approvals, terminations, and documents associated with the Lease Agreement and Sublease Agreement, and the taking of all necessary actions in connection therewith.Wed, 02 Apr 2025 18:47:00 GMT