Special Notice/Hearing: None
Vote Required: Majority
To: Honorable Board of Supervisors
From: Raymond Hodges, Director, Department of Housing
Subject: Approval of Declaration of Intent to Purchase and Execution of a Purchase and Sale Agreement for the Acquisition of Coastside Inn in Half Moon Bay, and Allocation of CARES Act Funds for Acquisition Plus Closing Costs
RECOMMENDATION:
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Adopt a resolution:
A) Declaring the Board of Supervisors' intention to purchase the Coastside Inn, located at 230 South Cabrillo Highway, in Half Moon Bay (Assessor Parcel Number 056-141-610) ("Property") from Property owner Keet Nerhan for a total purchase price of $8,000,000; and
B) Authorizing the President of the Board of Supervisors to execute a Real Estate Purchase and Sale Agreement and Escrow Instructions ("Agreement") for the County's acquisition of the Property for a total purchase price of $8,000,000; and
C) Authorizing and directing the County Manager, or designee, to execute the Certificate of Acceptance attached to the resolution upon the satisfaction of all conditions of escrow, to consummate the County's purchase of the Property as required by California Government Code Section 27281, and all other documents and notices required to facilitate the acquisition; and
D) Authorizing an allocation of up to $8,035,000 in federal Coronavirus Aid, Relief and Economic Security (CARES) Act funds for the purchase of the Property plus closing costs.
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BACKGROUND:
The COVID-19 pandemic has exacerbated existing community needs and inequalities. In many communities, homelessness was already experienced disproportionately by race and other protected classes. Persons experiencing homelessness are at greater risk of infection and death due to COVID-19.
Project Roomkey
In response to COVID-19, San Mateo County, in partnership with community-based homeless service providers, implemented new homeless shelter services in the form of hotel-based non-...
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