Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Michael P. Callagy, County Executive
Subject: Purchase and Sale Agreement for the Acquisition of approximately fifty acres of Agricultural Land with Improvements, 2265 & 2275 Cabrillo Highway South within the County of San Mateo & City of Half Moon Bay.
RECOMMENDATION:
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Adopt a resolution:
A) Declaring the Board of Supervisors' intent to purchase the real property described as Agricultural Land with Improvements, located at the northeast corner of Cabrillo Highway South and Miramontes Point Road, approximately fifty acres, identified as San Mateo County Assessor's Parcel Numbers 066-093-080, 066-093-090, 066-093-100, 066-093-160, 066-093-170, 066-093-250, 066-093-260, ("Property"), located within the unincorporated County of San Mateo and the City of Half Moon Bay, for a total purchase price of $9,000,000; and
B) Authorizing the County Executive to execute a Real Estate Purchase and Sale Agreement and Escrow Instructions ("Agreement") with the owners of the Property, Rabo Agrifinance LLC ("Sellers"), for the County's acquisition of the Property; and
C) Authorizing the County Executive, or designee, to execute a Certificate of Acceptance upon satisfaction of certain conditions in escrow, to be recorded with the Grant Deed transferring title to the Property to County, as well as any and all notices, escrow instructions, and documents required to facilitate the purposes of the Agreement and directing the filing of a Notice of Exemption for the adoption of the resolution as categorically exempt from the California Environmental Quality Act.
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BACKGROUND:
The Property is agricultural land with improvements, comprising seven parcels totaling approximately fifty acres, located at the northeast corner of Cabrillo Highway South and Miramontes Point Road, lying within the unincorporated area of County of San Mateo with a portion of the...
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