Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Raymond Hodges, Director, Department of Housing
Subject: Authorization for a Third Amendment to the Exclusive Negotiating Rights Agreement for the Middlefield Junction - Parcel "A" Mixed-Use Development Project
RECOMMENDATION:
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Adopt a resolution authorizing a third amendment to the Exclusive Negotiating Rights Agreement between the County of San Mateo and Mercy Housing California to provide additional time to February 28, 2021 for completion of pre-development activities and negotiation and preparation of an affordable housing and property disposition agreement for the Middlefield Junction - Parcel "A" Mixed-Use Development Project.
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BACKGROUND:
The Middlefield Junction - Parcel "A" Mixed-Use Development Project (the "Project") is a 179-unit affordable mixed-use development. The Project is located on a vacant undeveloped 3.2-acre parcel (APN: 054-113-140) located at 2700 Middlefield Road (the "Project Site"), in the North Fair Oaks ("NFO") neighborhood of unincorporated San Mateo County, which the County of San Mateo (the "County") acquired by grant deed on September 30, 2014.
On March 4, 2019, the County executed an Exclusive Negotiating Rights Agreement (the "ENRA") with Mercy Housing California ("Mercy Housing") to provide a timeframe for Mercy Housing to undertake due diligence and predevelopment activities and for Mercy Housing and the County to attempt to negotiate an Affordable Housing and Property Disposition Agreement ("AHPDA") (which includes as an exhibit a long-term ground lease).
Pursuant to administrative authority in the ENRA, (i) on October 30, 2019, the Director of the Department of Housing ("Director") granted an administrative extension to the negotiating period under the ENRA, (ii) on January 6, 2020, the Director executed a first amendment to the ENRA, to facilitate Mercy Housing's qualification to app...
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