HomeMy WebLinkAboutMINUTES - 09211993 - 1.1 Ar-
TO: BOARD OF SUPERVISORS
FROM: J. MICHAEL WALFORD, PUBLIC WORKS DIRECTOR
DATE: SEPTEMBER 21, 1993
SUBJECT: SALE OF SURPLUS REAL PROPERTY - 2565 OAK ROAD, WALNUT CREEK AREA
Project No.: 0662-6U4329 Task: ACQ Account: 3540
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) &BACKGROUND AND JUSTIFICATION
I. Recommended Action:
A. APPROVE Amendment to Option to Purchase Agreement, dated September 1, 1993, with
Keith Lee.
B. AUTHORIZE Board Chair to execute said Amendment on behalf of Contra Costa County.
II. Financial Impact:
None.
III. Reasons for Recommendations and Background:
On July 13, 1993, the Board accepted the highest bid received for surplus property located at
2565 Oak Road in Walnut Creek. At that time the high bidder, Keith Lee, provided the names
of three grantees which were to appear on the deed conveying the property. These names
were listed on the Option to Purchase Agreement executed by Mr. Lee and the Board Chair.
Mr. Lee now wishes to exercise the option to purchase the property and has informed Real
Property staff that one of the grantees, Betty Woo Martin, is no longer participating in the
purchase of the property. Mr. Lee's lender is requiring this Amendment to the Option to
Purchase Agreement so that Betty Woo Martin's name can be deleted from the deed and any
interest she might have in the property is cleared.
IV. Consequences of Negative Action:
Mr. Lee will be unable to complete the purchase, and the County will be forced to conduct
another public sale in order to dispose of the surplus property.
Continued on Attachment: SIGNATURE: W 1
RECOMMENDATION OF COUNTY ADMINISTRATOR
RECOMMENDATION OF BOARD COMMITTEE
APPROVE _ OTHER
SIGNATURE(S):
ACTION OF BOARD ON 1993 APPROVED AS RECOMMENDED OTHER
VOTE.OF SUPERVISORS
UNANIMOUS (ABSENT )
AYES: NOES:
ABSENT: ABSTAIN: I hereby certify that this Is a true and correct copy of
an action taken and entered on the minutes of the
NW:glo Board of Su'Str the 19 shown.
c:B021.t9 ATTESTED: Jt� '9JOJ z.
Orig. Div: Public Works (R/P) PHIL BATCHELOR,Clerk of the Board
Contact: Nancy Wenninger (313-2227) of supervisors and County Administrator
cc: County Administrator By _ ��QH t; ,aeputy
P. W. Accounting
AMENDMENT TO OPTION TO PURCHASE AGREEMENT
1. EFFECTIVE DATE AND PARTIES.
Effective on September 21, 1993, Contra Costa County (herein called "County"),
a political subdivision of the State of California, and Keith Lee (herein called
"Optionee"), mutually agree as follows:
2. PURPOSE.
The parties desire to amend that agreement they entered into, effective July 13,
1993, entitled, "OPTION TO PURCHASE AGREEMENT."
3. AMENDMENT.
Clause 15 of said Option to Purchase Agreement is hereby amended as follows:
In the handwritten section, the name of Betty Woo Martin shall be deleted. Only
the names of Sam Wong and Keith Lee shall remain.
4. EFFECT.
Except for the amendment agreed to herein, said Option to Purchase Agreement
remains in full force and effect.
CONTRA COSTA COUNTY OPTIONEE
By: o'rYl / i14� By:
Chair, Board of Supervisors Keith Lee
ATTEST: Phil Batchelor, County Date: i`�Z
(D to Signed by Grantor)
Administrator and Clerk of the
Board of Supervisors
By:
Deputy
NW:glo
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