DATE: January 7, 2025
TO: Board of Supervisors
SUBMITTED BY: Edward Hill, Chief Operating Officer/Interim Director of Internal
Services/Chief Information Officer
Susan L. Holt, LMFT, Director, Department of Behavioral Health
Sanja Bugay, Director, Department of Social Services
SUBJECT: Ratify First Amendment to Sale/Purchase Agreement for University
Medical Center Campus and Approve Lease Agreement
RECOMMENDED ACTION(S):
TITLE
1. Ratify the execution of the First Amendment to Sale/Purchase Agreement and Escrow Instructions for the County owned surplus real property located at the northeast corner of E. Kings Canyon Road and S. Cedar Avenue, Fresno, CA, commonly known as the former University Medical Center Campus, by Edward Hill, Chief Operating Officer and Interim Director of Internal Services/Chief Information Officer effective December 16, 2024; and
2. Approve and authorize the Chairman to execute a Lease Agreement with Boyd Fresno, LLC for approximately 109,928 square feet of space, together with related improvements and parking located on the former University Medical Center Campus, which includes initial one and two-year base terms with an optional conversion to a month-to-month lease after the expiration of the base term, with base rent not to exceed $96,836 per month and monthly operating costs of $2,525 per month, for a total rental and operations cost of approximately $1,790,654, effective upon the close of escrow.
REPORT
There is no additional Net County Cost associated with the recommended actions. The first recommended action will ratify the execution of the first amendment to the Sale/Purchase Agreement and Escrow Instructions for the former University Medical Center Campus (the Property). This amendment provides for the division of the Property into four separate parcels, three of which will be transferred to the Buyer, and the provision for buyer's credits in lieu of repairs to be made to the Property. The second recommended action w...
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