DATE: November 28, 2023
TO: Board of Supervisors
SUBMITTED BY: Robert W. Bash, Director of Internal Services/Chief Information Officer
Kirk Haynes, Chief Probation Officer
SUBJECT: Purchase and Sale Agreement of 200 W. Pontiac Way, Clovis, CA 93612
RECOMMENDED ACTION(S):
TITLE
1. Approve and authorize the Chairman to execute, and to direct the Director of Internal Services/Chief Information Officer, or their designee ("Director") to deliver, the County's Notice of Purchase Option to Pontiac 4 LLC, a California limited liability company ("Seller"), for the County's purchase of 200 W. Pontiac Way, Clovis, CA 93612, including the building and improvements (APN 493-070-88) ("Property");
2. Approve and authorize the Chairman to execute the Purchase and Sale Agreement with Seller for the County's purchase of the Property from Seller, with an expected escrow closing date of January 2, 2024, for the sum of $15,700,000 ("Purchase Agreement");
3. Authorize and direct the Director to take any action as deemed necessary or appropriate, all of which shall be consistent with the Purchase Agreement, and the foregoing Board approvals and actions, to:
a. Open, carry out, and close escrow for the County's purchase of the Property from Seller; deliver the County's refundable $100,000 deposit into escrow; deliver the County's acceptance of Seller's Grant Deed; and obtain title insurance in favor of the County for the Property in the amount of the purchase price of the Property at escrow closing;
b. Review, approve, execute, and/or deliver any agreements, documents, certificates, notices, and instruments, and any amendments to any of the foregoing (subject to prior review and approval as to legal form by County Counsel, and, as applicable, as to accounting form by the County Auditor-Controller/Treasurer-Tax Collector), and to take any other actions to initiate, carry out, and finalize the County's purchase of the Property from the Seller; and
c. Perform any other obligations...
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