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 Vacant Land at the southwest corner of Pescadero Creek Road and Stage Road, approximately .67 acre.
RECOMMENDATION:
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Adopt a resolution:
A) Declaring the Board of Supervisors' intent to purchase the real property described as Vacant Land at the southwest corner of Pescadero Creek Road and Stage Road, approximately .67 acre, identified as San Mateo County Assessor's Parcel Number (County APN 086-031-140), ("Property"), located in the unincorporated Pescadero area of the County, for a total purchase price of $903,000; and
B) Authorizing the President of the Board of Supervisors to execute a Real Estate Purchase and Sale Agreement and Escrow Instructions ("Agreement") with the owners of the Property, William Ray, Peggy Smith and Kortney Drake ("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.
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BACKGROUND:
The Property, APN 086-031-140, is a vacant lot on the southwest corner of the intersection of Pescadero Creek Road and Stage Road. The lot is 200 feet long and approximately 144 feet deep and encompasses 28,672 square feet. A portion of the property lying within the right-of-way of Pescadero Road is surfaced with gravel and bounded by railroad ties. This portion is currently being used as a public parking lot for visitors to the town. The remainder of the property is an open agricultural field. The lot is bounded to the west by a lot containing a one-story commercial building and res...
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