HomeMy WebLinkAboutMINUTES - 03241987 - 1.14 CONTRA COSTA COUNTY
BOARD OF
TO: Board of Supervisors
FROM: Phil. Batchelor, County Admini - for
DATE: March 24, 1987
SUBJECT': Acquisition of Inprovements Consisting of County Court House Facilities on
Court Street, Martinez (0122-2310 W05382)
(County Court House; Former Hall of Records)
SPECIFIC REQUES (S) OR CN(S) & BAC 2UM AND JUSTIFICATION
1. Recommended Actian: It is recommended that the Board exercise its Option to
purchase property located at Court Street, Martinez (County Court House) ; 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 $126,000.00 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. Backgronmd: Effective March 1, 1967, 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
County Court House on Court Street, 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 $126,000.00.
Funds to exercise the purchase option have been included in the approved 1986-
1987 Plant Acquisition Budget.
3. Consequences of Negative Action: Rental payments will continue and the amount
owed on the facility will increase by 5% per year.
Continued on Attachment: yes Signat
Recommendation of County Administrator RecomTendatiofi of Board Committee
Approve Other
Signature(s)
Action of Board on _ MAR -2 d1987. Approved as recorfinended _ Other r
Vote of Supervisors
v Unanimous (Absent ) I B11MY CER'ITFY THAT THIS IS A TRUE
Ayes: Noes: AND OCFU; C.T QUPY OF AN ACTIN TAIM4
Absent: Abstain: AND ENTERED ON r= NIINUTES OF r1M BOARD
OF SUPERVISORS ON 9MEE DATE SHOWrT.
ATTEs= MAR 2 4 1987
PHIL BATCHUM, Clerk of the Board
Of Stmpem v' rs and County Administrator
str for
BY DEPUTY
Orig. Div: Public Works (R/P)
cc: County Administrator
Auditor-Controller
P. W. Accounting
Retirement Board
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