HomeMy WebLinkAboutMINUTES - 03241987 - 1.13 CONTRA COSTA COUNTY
BOARD OF SITPFR�TISLflZS
TO: Board of Supervisors
FROM: Phil Batchelor, County Admi ni gator
DATE: March 24, 1987
SUBTEcT: Acquisition of Improvements Consisting of Juvenile Hall Facilities on
Glacier Drive, Martinez 4306-2310 (W05383)
SPECIFIC REQUEST(S) OR REOUIdNDATION(S) & BACE IND AND JUSTIFICATION
1. Recommended Action: It is mended that the Board exercise its Option to
Purchase property located at Glacier Drive, Martinez (Juvenile Hall Facilities) ;
accept Quitclaim Deed dated March 10, 1987 from the Contra Costa County Employees
Retirement Association; authorize Public Works Department, Accounting Division,
to make a Journal Entry for $100,000.00 to effect payment agreed upon; and direct
the Public Works Department, Real Property Division, to have said Quitclaim Deed
recorded in the Office of the County Recorder.
2. : Effective October 26, 1965, the County of Contra Costa entered into
a Lease-Option Agreement with the Board of Retirement of Contra Costa County
Employees Retirement Association for the remodeling and lease/purchase of the
Juvenile Hall Facilities on Glacier Drive, Martinez.
The original agreement reflected actual remodeling expenses and calculations of
the total expenses to be amortized in the lease payments. As per the Agreement,
the County has the option to purchase said property for $100,000.00.
Funds to exercise the purchase option have been included in the approved 1986-
1987 Plant Acquisition Budget.
3. of Negative Action: Rental payments will continue and the amount
owed on the facility will increase by 5% per year.
Continued on Attachment: yes Signature: r
Recommendation of County Administrator tion of Bbard it e
_ Approve Other
Signature(s)
Action of Board on MAR 2 4 Approved as recommended Other
Vote of Supervisors
yofUnanimous (Absent ) I HER10Y CEEa'1F'Y 91iAT 911ES IS A 91M
Ayes: Noes: AND COEM= COPY OF AN ACTION TAKM
Absent: Abstain: AND ENTERED ON THE NINUTES OF THE BOARD
OF SUPElttTISORS ON THE 1]AZE SiiOH1N.
ATTEsm MAR 2 4 1987
PFIIL BAT MMM, Clerk of the Board
Of Supery. rs and County Administrator
st-rator
BY , DEPUTY
Orig. Div: Public Works (R/P)
cc: County Administrator
Auditor-Controller
P. W. Accounting
Retirement Board
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