HomeMy WebLinkAboutMINUTES - 05121998 - C84 TO: BOARD OF SUPERVISORS
V Contra
FROM: Barton J. Gilbert, Director of General Services n ~ 's' Costa
DATE: May 5, 1998 County
r•
SUBJECT: PURCHASE OPTION FOR THE HEALTH SERVICES
DEPARTMENT
303 41st STREET, RICHMOND
SPECIFIC REQUESTS OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
I.
DATION
Int N
Board of Supervisors to EXERCISE, on behalf of the County, its option to purchase the premises
at 303 41st Street, Richmond, from C. Overaa & Co. for continued occupancy by the Health
Services Department.
11. FEINANCIAUM__PACT
Purchase funds are from Restricted Capital Projects bond financing.
Ill. A O S2R_R COMMENDATION ASKGRO.U1
On December 19, 1995, the Board of Supervisors approved a lease, with purchase option, for this
property commencing January 1, 1996. The December 19, 1995 Board Order stated that it was
the County's intention to exercise the purchase option as soon as feasible. Required building
improvements are anticipated to be completed by the time the purchase can be consummated and
now is the appropriate time to exercise the purchase option.
This facility is required for the Health Services Department idlest County Mental Health program.
The annual debt service costs for purchase of this facility is approximately 25% less than current
lease costs. In addition, a delay in exercise of the purchase option will result in an increased
building purchase price.
�-r'fd•C /1
RECOMMENDATION OF COUNTY ADMINISTRATOR _ _ RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S): &�&4&1, ,
ACTION OF BOARD ON MAY 12 1998 APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
UNANIMOUS(ABSENT i
AYES: NOES:
ABSENT: ABSTAIN: I HEREBY CERTIFY THAT THIS IS A TRUE
AND CORRECT COPY OF AN ACTION TAKEN
MEDIA CONTACT: BARTON J.GILBERT(313-7100) AND ENTERED ON THE MINUTES OF THE BOARD
OF SUPERVISORS ON THE DATE SHOWN.
CC: county Administrator(via UM) ATTESTED MAY 12 1998
County Auditor-Controller(via L/M) PHIL BATCHELOR,CLERK OF THE BOARD OF
Lessor(via UM)
Health Services Department(via UM)} SUPERVISORS AND COUNTY ADMINISTRATOR
County Counsel(via UM)
Risk Management(via L/M)
Clog:General Services Department-L/M BY DEPUTY
Buildings and Grounds(via L/M)
3D3PURBo.49e PB:dp M382 ('10188)
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_ .... ....._.. ........ ..._.... . _ _ _ _ _
04 t
GENERAL SERVICES DEPARTMENT
Lease Management Division
1220 Morello Avenue, Suite 100
Martinez, California
Extension 3-7250
FAX 3-7299
DATE: April 22, 1998
TO: Phil Batchelor, County Administrator
FROM: i�ilbert, Director of General Services
SUBJECT: Agenda: Purchase Option - 303 41 st Street, Richmond
(5-5-98) Health Services Department(UO0502)
The County has an option to purchase a building as follows:
OCCUPANT: Health Services Department
PRICE: Approximately $748,000.00
SQUARE FEET: 7,100
SPACE TYPE: Office
ADDRESS: 303 41st Street, Richmond
AGENDA._ITEM: Board of Supervisors to exercise its option to purchase the premises
at 303 41st Street, Richmond, from C. Overaa & 'Co. for continued
use by the Health Services Department.
BJG:PB:dp
303PUFtAG.499
cc: Health Services Department
Kathy Brown
Christie Beardsley