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CONTRA RA \A STA COUNTY
BOARD OF SUPERVISCHtS
TO: Board of Supervisors
FRC[4: Phil Batchelor, Comty Administrator
DATE: June 2, 1987
SUBJECT: Acquisition of Improvements Consisting of County Library Facilities at
2935 Pinole Valley Road, Pinole (7710-6X5504)
SPECIFIC RDQUEST(S) OR ON(S) & BACiuuM AND JUSTIFICATION
1. PxKx vended Action: It is recommended that the Board exercise its Option to
purchase property located at 2935 Pinole Valley Road, Pinole (County Library) ;
accept Quitclaim Deed dated May 12, 1987 from the Contra Costa County Employees
Retirement Association; authorize Public Works Department, Accounting Division,
to make a Journal Entry for $2,912.24 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. Baclagrq�: Effective October 18, 1972, 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 Library at 2935 Pinole Valley Road, Pinole.
The original agreement reflected remodeling expenses and calculations of the
total expenses to be amortized in the lease payments. As per the Agreement, the
County has fulfilled its obligation and is exercisng the option to purchase said
Prosy
Funds to exercise the purchase option have been included in the approved 1986-
1987' budget for County Service Area LIB-10.
3. Oonsequences of Negative Action: Rental payments will continue based on the
amount owed on the facility.
Continued on Attachment: yes signature.
_ Recommendation of County Administrator Recoaftendation o Board C tee
Approve Other r
Signature(s)
Action of Board on Approved as recommended Other
Vote of Supervisors
Unanimous (Absent ) I M�EBY CERTIFY UT M-US IS A TRUE
Ayes: Noes: AND ODRE2ECT COPY OF AN ACTION TAKEN
Absent: Abstain: AND ENTERED ON THE MINUTES OF THE BOARD
OF SUPERVISCRS ON r= DATE Ski.
ATTESTED JUN 2 1981
PHIL BATC1iE:IM, Clerk of the Board
of Supervisors and Ocxmty Adm;n;�t-rator
BY ��/�a'4t i/,!.�L,ta , DEPUTY O
o
Orig. Div: Public Works (R/P)
cc: County Administrator
Auditor-Controller
P. W. Accounting
Retirement Board
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