DATE: August 9, 2016
TO: Board of Supervisors
SUBMITTED BY: Paul Dictos, Assessor-Recorder
Robert W. Bash, Director of Internal Services/Chief Information Officer
Steven E. White, Director, Department of Public Works and Planning
SUBJECT: Purchase of 1649 Van Ness Avenue and 1740 Van Ness Avenue in Fresno for use by Assessor-Recorder
RECOMMENDED ACTION(S):
TITLE
1. Approve and authorize the Chairman to execute a Sale and Purchase Agreement and Escrow Instructions (Purchase Agreement) for the County's purchase of 1649 Van Ness, Fresno, CA 93721 and 1740 Van Ness Avenue, Fresno, CA 93721 (APN's 466-144-08, 466-132-10 and 466-132-11) including an approximately 17,400 square-foot office building situated on 1649 Van Ness, and a parking lot located on 1740 Van Ness, from Stephen and Eileen Geil Trust and EIE ALPHA, LLC, a California Limited Liability Company (Sellers), for the sum of $2,375,000, plus estimated closing costs of $7,000.
2. Authorize staff to undertake due diligence investigations, including environmental studies or appraisals of the Property, as deemed necessary or appropriate, in connection with the County's purchase of the Property.
3. Authorize and direct the Director of Internal Services/Chief Information Officer, or his designee, to take all necessary or appropriate actions consistent with the Purchase Agreement, and the foregoing Board approvals and actions, including:
a. Execute final form of Grant Deed (Exhibit "B" to Purchase Agreement) with an expected Closing Date of 50 days from escrow opening;
b. Open, carry out, and close escrow for the County's purchase of the Property from Sellers; deliver the County's $100,000 deposit; deliver the County's acceptance of Sellers' 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;
c. Review, approve, execute and/or deliver any agreements, documents, certificates, notices, and instruments, and any ...
Click here for full text