TITLE
Recommendation to authorize City Manager, or designee, to execute any and all documents necessary, including a Standard Offer, Agreement, and Escrow Instructions for Purchase of Real Estate (Agreement) with Paul M. Stone, as Trustee of the Paul M. Stone Living Trust under declaration of Trust dated January 30, 2016 (Seller), for the purchase of certain real property located at 1718-1722 Hayes Avenue, Assessor Parcel Number 7429-028-034 (Subject Property), in an amount not to exceed $1,830,000;
Accept the Categorical Exemption CE 19-041; and
Increase appropriations in the General Fund (GF) in the Economic Development Department (ED) by $1,830,000, offset by the transfer of HEAP grant revenue from the Health Fund (SR 130). (District 1)
DISCUSSION
On November 13, 2018, the City Council authorized the City Manager to execute an agreement to receive and expend grant funding in the amount of $9,387,420 from the Business, Consumer Services and Housing Agency Homeless Coordinating and Financing Council (HCFC), for the Homeless Emergency Aid Program (HEAP), Continuum of Care allocation. HEAP funding, offered through the State’s FY 19 budget, provides $500 million in one-time funds to enable local jurisdictions to provide immediate emergency assistance to individuals experiencing homelessness. Of the amount awarded, $1,850,000 is designated for storage of belongings of individuals experiencing homelessness while attending work or utilizing services at the Multi-Service Center.
The City has identified a property located at 1718-1722 Hayes Avenue, Assessor Parcel Number 7429-028-034 (Subject Property) (Attachment A), as a potential site for Homeless Services Property Storage. The Subject Property is approximately 6,520 square feet and is improved with a 5,400-square-foot industrial building. The Subject Property has been listed on the market for a purchase price of $1,755,000. The City has submitted an offer and the property owner has agreed to sell the Sub...
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