HomeMy WebLinkAboutMINUTES - 04202004 - C100 TO: BOARD OF SUPERVISORS _ ., CONTRA
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FROM: BARTON J. GILBERT, DIRECTOR OF GENERAL SERVICES COSTA
DATE: APRIL 20, 2004 COUNTY
SUBJECT: SUBORDINATION AGREEMENT FOR THE PREMISES AT 1875 r�
WILLOW PASS ROAD, SUITES 100 &250, CONCORD FOR THE
EMPLOYMENT AND HUMAN SERVICES DEPARTMENT
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION
1. APPROVE a Subordination Agreement with Westamerica Sank for the premises at 1875
Willow Pass Road, Suites 100 & 250, Concord.
2. AUTHORIZE the Director of General Services, or designee, to EXECUTE the Subordination
Agreement.
FINANCIAL IMPACT
There is no financial impact to the County.
BACKGROUND
The County has leased 1875 Willow Pass Road, Suites 100 & 250, Concord for the Employment and
Human Services Department since January 1, 1998. The lease expires February 28, 2005. The
owner of the premises is selling the building, and the buyer's lender, Westamerica Bank, requires all
leases in the building to be subordinate to the deed of trust. The Subordination Agreement is
necessary to enable the new buyers to obtain financing to purchase the building.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
%a'RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
9--"APPROVE OTHER
SIGNATURES
ACTION OF SO RD N r �r� / � APPROVED AS RECOMMENDED OTHER
c r F
VOTE OF SUPERVISORS
s
UNANIMOUS(ABSENT '
AYES: —NOES: y"
ASSENTS: ABSTAIN:
MEDIA CONTACT:BARTON J.GILBERT(313-7100)
Originating Dept.:General Services Department i HERESY CERTIFY THAT THIS i5 A TRUE
CC:
General Sett/#CBs Department AND CORRECT COPY OF AN ACTION TAKEN
Luse Management Division AND ENTERED ON THE MINUTES OF THE BOARD
Accounting OF SUPERVISORS ON THE DATE SHOWN.
Auditor-Controller(via LIM) f ;'
Risk Management(via LIM) ATTESTED
t r s ti %�
(via LIM) JOHN VVEETEN,CLERK OF THE BgikRD OF SUPE ISORS
(via LIM) AND NTY ADMINISTRATOR
BY L3A _�. ; ,DEPUTY
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