Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Michael P. Callagy, County Manager
Subject: Purchase and Sale Agreement for the Acquisition of the Stone Villa Inn Hotel in the City of San Mateo
RECOMMENDATION:
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Adopt a resolution:
A) Declaring the Board of Supervisors' intent to purchase the Stone Villa Inn, located at 2175 S. El Camino Real, in the City of San Mateo, (Assessor Parcel Number 039-073-040) ("Property") for a total purchase price of $12,800,000, and setting the date of November 9, 2021, for the Board's consideration of approval of the Certificate of Acceptance, consummating the acquisition; 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; and
C) Authorizing the County Manager, or his designee, to execute any and all notices, escrow instructions, and documents required to facilitate the purposes of the Agreement.
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BACKGROUND:
To address the COVID-19 pandemic, the San Mateo County Human Services Agency's Center on Homelessness, in partnership with community-based homeless service providers, implemented additional homeless shelter services in the form of hotel-based non-congregate shelter programs to provide safe shelter and case management services for vulnerable people experiencing homelessness. The State of California's Project Roomkey funding helped to support the non-congregate shelter programs.
Building off the success of Project Roomkey, the State created the Homekey Program ("Homekey"), administered by the California Department of Housing and Community Development ("State HCD"), to provide funding to rapidly sustain and expand the inventory of housing for people experiencing homelessness or at risk of homelessness and impacted by COVID-19. Homekey has created an opportunity for local public agencies to ...
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