DATE: April 23, 2024
TO: Board of Supervisors
SUBMITTED BY: Robert W. Bash, Director of Internal Services/Chief Information Officer
Sally Gomez, Interim County Librarian
SUBJECT: Purchase and Sale Agreement of 3002 North Cedar Ave, Fresno, CA 93703
RECOMMENDED ACTION(S):
TITLE
1. Approve and authorize the Chairman to execute the Purchase and Sale Agreement with Seller for the County's purchase of Property located at 3002 North Cedar Avenue, Fresno, CA 93703 (APN 447-031-71) ("Property") from Seller, with an expected closing date of May 22, 2024, for the sum of $550,000 ("Purchase Agreement");
2. Authorize and direct the Director of the Internal Services Department/Chief Information Officer, or their designee, 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, or exercise any other rights, of County under the Purchase Agreement to finalize the County's purchase of the Property;
3. Adopt Budget Resolution increasing the FY 2023-24 appropriations for Library Org 7530 in the amount of $560,000 for purchase and escrow fees (...
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