HomeMy WebLinkAbout06/18/1991, C-6 - REQUEST TO ACCEPT FROM THE COUNTY OF SAN LUIS OBISPO THE ASSIGNMENT OF AN OPTION TO PURCHASE THE HOMELESS SHELTER PROPERTY LOCATED AT 750 ORCUTT ROAD IN SAN LUIS OBISPO. ���q��q��lylllll�ul�llulll r MEETI G TE:
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COUNCIL AGENDA REPORT ITEM NUMBER:
FROM: Ken Hampian, Assistant City Administrative 0tticer
Prepared By: Deb Hossli, Administrative Analyst �ffl
SUBJECT: Request to accept from the County of San Luis Obispo the
assignment of an option to purchase the homeless shelter property
located at 750 Orcutt Road in San Luis Obispo.
CAO RECOMMENDATION: Authorize the Mayor to execute an assignment
from the County of San Luis Obispo to purchase the homeless shelter
site.
DISCUSSION:
At the April 29, 1991 meeting, the Council authorized the submittal
of a Community Development Block Grant (CDBG) application on behalf
of the Economic Opportunity Commission (EOC) and Housing Authority
to purchase and rehabilitate the homeless shelter property in San
Luis Obispo. In authorizing the application, the Council
conceptually approved an arrangement whereby staff would return at
a later date to execute the option from the County of San Luis
Obispo to purchase the property.
As the Council will recall, the County currently holds the lease
agreement with the property owners of the homeless shelter site.
This agreement contains an option to purchase the property. In
order to fulfill the State's CDGB application requirements, the
option to purchase the property must be held by the City (as the
applicant) .
The County formally transferred the assignment to the City at their
May 7, 1991 Board Meeting. In order to complete the CDBG
application, the City must now accept the assignment.
Under the State's projected timetable for the CDBG process, it is
expected that grant applicants will be notified of the outcome for
the 1991-92 CDBG funding cycle by August of this year.
FISCAL IMPACT:
Approval of this recommendation will not result in any financial
impact to the City.
CONCURRENCES:
The City Attorney concurs with this recommendation.
ATTACHMENTS:
Assignment of option to purchase homeless shelter.
.dh\shelter
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ASSIGNMENT OF AN OPTION TO PURCHASE REAL PROPERTY
This Agreement is entered into by and between the County of San Luis Obispo,
hereinafter referred to as "County," the City of San Luis Obispo, hereinafter
referred to as "City," and Kurt Kupper and Kathleen O'Neill , hereinafter
collectively referred to as "Owner."
WHEREAS, County and Owner entered into an Agreement dated March 14, 1989 for
the rental of certain real property commonly known as 750 Orcutt Road in San Luis
Obispo, California; and
WHEREAS, Article 28 entitled "Option to Purchase" of said Agreement gives the
County the right to purchase said real property; an
WHEREAS, County desires to assign said option to purchase to the City of San
Luis Obispo; and
WHEREAS, assignment of the option to purchase said real property by the County
to the City of San Luis Obispo is in the best interest of the public.
NOW, THEREFORE, in consideration of the mutual covenants, conditions and
agreements herein contained, the parties hereto agree as follows:
1 . County hereby assigns to the City of San Luis Obispo its option to
purchase the real property commonly known as 750 Orcutt Road, San Luis Obispo,
California, subject to the terms and conditions stated in the hereinabove
referenced Agreement. Said property is shown on Exhibit "A" attached hereto.
2. The City of San Luis Obispo hereby accepts the assignment from County
subject to the terms and conditions stated in the hereinabove referenced Agreement.
3. Owner hereby consents to the assignment from County to the City of San
Luis Obispo subject to the terms and conditions stated in the hereinabove
referenced Agreement.
4. All other terms and conditions of said Agreement shall remain as
previously agreed and in full force and effect.
ATTEST: COUNTY 0- UIS OBISPO
By
C er o e oar o uper s s airman of the Board of Supervisors
APPROVED AS TO FORM AND LEGAL EFFECT: A roved by the Board of Supervisors this
day of 1991 .
JAMES B. .LINDHOLM. JR.
County Counsel
CITY Of SAN LUIS OBISPO
By:
Deputy County un 1 By:
ATTEST: mayor
Approved by the City Council this
day of 1991 .
CityClerk
OWNER CONSENT:
By: z -
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EXHIBIT "A"