HomeMy WebLinkAboutMINUTES - 09091986 - 1.64 TO BOARD OF SUPERVISORS
FROM: Phil Batchelor, County Administrator C ra
CIAIU
DATE: September 9, 1986 Coy
SUBJECT: Notice of Intention to Assign Purchase Option - Rheem Estate
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION
1. Declare that the Rheem Estate is not required for County
use.
2 . Publish Notice of Intention to Assign Purchase Option to the
Town of Moraga.
3 . Direct Clerk to Publish Notice of Intention and set
September 23 , 1986 for hearing;at 10 :30 .a.m.
BACKGROUND
The County Sale, Deed and Lease with Options to Purchase with the
Contra Costa County Employees Retirement Association for the
Rheem Estate (Hacienda de Las Flores, Moraga) allows for a
purchase option to be exercised for specific amounts at various
periods in the Lease term. The Town of Moraga has since
incorporated, paid the costs of the Lease Agreement and operated
the Rheem Estate as a city recreational facility. The city has
paid the final payments on the Lease and now desires to acquire
title to the property through the county-held purchase-option
agreement.
Government Code Section 25365 permits the Board of Supervisors to
assign the County Purchase Option rights to the Town of Moraga if
the property is not required for County use. Since Moraga has
paid all costs and the County has never had use of the property,
it is appropriate to comply with the request of the Town of
Moraga.
CONTINUED ON ATTACHMENT: TES SIGNATURE:
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RECOMMENDATION OF COUNTY AOI*iN*STRATOR RECOMEMENDATION OF BOARD CO=wITTEE
APPROVE OT*¢M
SIGNATURE S
ACTION OF BOARD ON APPROVE® AS
%qyM OF SUPE W I SQ/S
/ *N3N3 Y CEWTIFY TMT THIS IS A TRUE
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cc: Town of Moraga-Attn City Manager AT�TtEm -. O
County Counsel PHIL RATCHEMR, CLERK OF THE OF
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Auditor-Controller
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