HomeMy WebLinkAboutMINUTES - 09081992 - 1.133 7 133
TO: BOARD OF SUPERVISORS
FROM: J. MICHAEL WALFORD, PUBLIC WORKS DIRECTOR
DATE: SEPTEMBER 8, 1992
SUBJECT: EXERCISE OF OPTION TO PURCHASE MORAGA LIBRARY - MORAGA AREA
Project No.: 3860-6X5208
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) &BACKGROUND AND JUSTIFICATION
I. Recommended Action:
A. AUTHORIZE the Public Works Director to notify the Board of Retirement of Contra Costa
County Employees Retirement Association that the County is exercising its option to purchase
the Moraga Library located at 1500 St. Mary's Road, Moraga, as provided in the Lease/Option
Agreement dated June 12, 1973, between the County and the Board of Retirement of Contra
Costa County Employees Retirement Association.
B. AUTHORIZE the Public Works Director to do what is necessary to complete the purchase
from the Board of Retirement of Contra Costa County Employees Retirement Association.
C. ACCEPT the Quitclaim Deed from the Board of Retirement of Contra Costa County
Employees Retirement Association.
D. APPROVE payment of $9,363.00 as of October 13, 1992, for said property rights and
AUTHORIZE the Auditor-Controller, Accounts Payable Division, to make a journal entry in the
amount of $9,363.00 to affect payment agreed upon.
E. DIRECT the Public Works Department, Real Property Division to have said Quitclaim Deed
recorded in the office of the County Recorder.
II. Financial Impact:
Payment of the $9,363.00 shall be provided for in'the General Services Budget.
Continued on Attachment: ✓ SIGNATURE:
_ RECOMMENDATION OF COUNTY ADMINISTRATOR
_ RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ONSEP 992 APPROVED AS RECOMMENDED OTHER _
VOTE F SUPERVISORS
UNANIMOUS (ABSENT )
AYES: NOES:
ABSENT: ABSTAIN:
I hereby certity that this Is a true and correct copy..Y
GK: to an action taken and entered on the minutes of the
9 Board of Supervisors {he.gdate shown.
c:B08b.t9 ATTESTED: SPP � 992
PHIL BATCHELOR,Clerk of the Board
Orig. Div: Public Works (R/P) of Supervisors and 70onty Administrator
cc: County Administrator
Auditor-Controller (via R/P) By Deputy
P. W. Accounting
Recorder (via R/P)
Moraga Library Exercise to Option to Purchase
September 8, 1992
Page Two
III. Reasons for Recommendations and Background:
On June 12, 1973, the County entered into a lease with option to purchase agreement with the
Board of Retirement of Contra Costa County Employees Retirement Association resulting in the
construction of the Moraga Library. As of October 13, 1992, one final payment of $9,363 is
required to be paid to the Retirement Association. The Retirement Association has requested
this payment upon receipt of which it will deed the library property to the County.
IV. Consequences of Negative Action:
The County has agreed to transfer this property to the Town of Moraga upon completion of the
transfer from the Retirement Board to the County. To not complete this transfer would be
contrary to the County's previous agreement with the Town of Moraga.