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 the 2191-2195 S. El Camino Real Hotel in San Mateo
RECOMMENDATION:
title
Measure K: Adopt a resolution:
A) Declaring the Board of Supervisors' intention to purchase the Property, located at 2191-2195 S. El Camino Real, San Mateo, (Assessor Parcel Numbers 039-073-450 and 039-073-290 ("Property") for a total purchase price of $3,750,000; 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 for a total purchase price of $3,750,000; and
C) Authorizing the County Executive, or designee, to execute the Certificate of Acceptance and any and all notices, escrow instructions, and documents required to facilitate the purposes of the Agreement.
body
BACKGROUND:
The Subject Property, located at 2191-2195 S. El Camino Real, in San Mateo, is conveniently located in the central County. It is in proximity to major transportation routes, commercial activities, and County service providers. The property is contiguous to the recently acquired Stone Villa Inn and the facility appears attached to the El Camino Real frontage of Stone Villa Inn, giving the appearance that both properties are the same facility. The Subject Property became available and was considered for purchase as complimentary to the Stone Villa Inn as a location for services that support the target population of County residents occupying the Stone Villa Inn project as well as others.
The Human Services Agency determined that the Subject Property should be made available to other County Departments, such as Health, to operate as a service location supporting the target population and the surrounding community. Behavioral Health & Recovery Services, a ...
Click here for full text