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 Big Wave South Parcel Near Half Moon Bay Airport
RECOMMENDATION:
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Adopt a resolution:
A) Declaring the Board of Supervisors' intent to purchase the approximately 5.27- acre Big Wave South Parcel (County APN 047-312-040), ("Property"), located in the unincorporated Princeton-by-the-Sea area of the County, on Airport Street, adjacent to the County's Half Moon Bay Airport, for a total purchase price of $2,470,000; 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 owner of the Property, the Big Wave Group, for the County's acquisition of the Property; and
C) Authorizing the County Manager, or his 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:
In May of 2015, the Board of Supervisors granted several approvals related to development on two parcels of land owned by the Big Wave Group, a California non-profit corporation ("Big Wave"), located in the unincorporated Princeton-by-the Sea area of the County, adjacent to the Pillar Point Bluff and Pillar Point Marsh Preserves. Those parcels are known as the North Parcel and the South Parcel. The Board approvals included development of the North Parcel with a Wellness Center, which would include accommodations for developmentally disabled adults, as well as for support staff.
To help fund construction and operation of the Wellness Center, Big Wave approached County staff and offered to sell the approximately 5.27- acre...
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