Special Notice / Hearing: Publication (3 weeks)__
Vote Required: 4/5ths
To: Honorable Board of Supervisors
From: Michael P. Callagy, County Executive
Subject: Purchase and Sale Agreement & Memorandum of Understanding for the Acquisition and Maintenance & Operation of 830 Stone Pine Road, Half Moon Bay, a 6.87-acre portion of 880 Stone Pine Road
RECOMMENDATION:
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Adopt a resolution:
A) Declaring the Board of Supervisors' intent to purchase the real property and improvements described as 830 Stone Pine Road ("Property"), a 6.87-acre portion of Assessor's Parcel Number 056-260-180, located at 880 Stone Pine Road ("the Site"), Half Moon Bay, San Mateo County, for a total purchase price of $1,234,000; 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 City of Half Moon Bay ("City"), for the County's acquisition of the Property; and
C) Authorizing the County Executive or their designee to execute a Maintenance and Operation Memorandum of Understanding ("MOU") with the City, affirming City maintenance commitments and the payment by the County for such work; and
D) Authorizing the County Executive, or their 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
E) Authorizing and directing the County Executive, or their designee, to execute, on behalf of the County of San Mateo, all amendments, extensions, notices, options, consents, approvals, terminations, and documents associated with the MOU, and the taking of all necessary actions in connection therewith.
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BACKGROUND:
There is a critical lack of affordable housing for low-income residents throughout San Mateo County, including the Coasts...
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