Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Michael P. Callagy, County Executive
Subject: Purchase and Sale Agreements for the Acquisition of adjacent commercial properties, 3009 & 3017 Middlefield Road and 401 2nd Avenue, located in unincorporated Redwood City
RECOMMENDATION:
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Adopt a resolution:
A) Declaring the Board of Supervisors' intent to purchase the real property described as 3009 & 3017 Middlefield Road (Assessor's Parcel Numbers 060-053-080 & 060-053-100), and 401 2nd Avenue (Assessor's Parcel Number 060-053-060), ("Properties"), located adjacent to each other in unincorporated Redwood City, for a total purchase price of $4,100,000 (consisting of $3,150,000, for the Middlefield Road Parcels, and $950,000, for the 2nd Ave. Parcel); and
B) Authorizing the President of the Board of Supervisors to execute Real Estate Purchase and Sale Agreements and Escrow Instructions ("Agreements") with the owners of the Properties, Raza Development Fund Inc, and Francisco Chavez and Anita N. Chavez, ("Sellers"), for the County's acquisition of the Properties; and
C) Authorizing the County Executive, or designee, to execute the Certificates of Acceptance upon satisfaction of certain conditions in escrow, to be recorded with the grant deeds transferring title to the properties 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:
The subject Properties consist of three contiguous, irregularly shaped parcels with a combined total area of approximately 0.473 acres. The improvements on the Properties consist of one two-story building with a mezzanine area, three sheds, and one one-story building, constructed in 1948 and 1980, with a gross building area of 11,888 square feet.
The Properties are mixed-use properties with current onsite operations consisting of commercial and retail s...
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