title
Adopt a resolution authorizing the purchase of the commercial building located at 197 Butcher Road, Vacaville, CA Solano County APN: 0127-360-150 for a total purchase price of $3,900,000, plus administrative fees, estimated closing costs and appraisal, and inspection fees and subject to completion of remaining and satisfactory due diligence on the property (4/5 vote required); and Approve an Appropriation Transfer Request in the amount of $3,829,625 from the Capital Renewal Reserve fund to the Accumulated Capital Outlay Fund (BU 1977) for the acquisition of 197 Butcher Road (4/5 vote required); and Authorize the County Administrator to execute any agreements to acquire the property
body
Published Notice Required? Yes _X__ No __ _
Public Hearing Required? Yes ____ No _X _
DEPARTMENTAL RECOMMENDATION:
The Department of General Services recommends that the Board of Supervisors:
1) Adopt a resolution authorizing the purchase of the commercial building located at 197 Butcher Road, Vacaville, CA Solano County APN: 0127-360-150 ("the property") for a total purchase price of $3,900,000, plus administrative fees, estimated closing costs, appraisal, and inspection fees and subject to completion of remaining and satisfactory due diligence on the property (4/5 vote required); and
2) Approve an Appropriation Transfer Request (ATR) in the amount of $3,829,625 from the Capital Renewal Reserve fund to the Accumulated Capital Outlay Fund (BU 1977) for the acquisition of 197 Butcher Road (4/5 vote required); and
3) Authorize the County Administrator to execute any agreements to acquire the property.
SUMMARY/DISCUSSION:
The recommended resolution (Attachment A) authorizes execution of the purchase and sale agreement (Attachment B) for the building located at 197 Butcher Road, Vacaville, CA Solano County APN: 0127-360-150 (Attachments C and D) for a total purchase price of $3,900,000, plus administrative fees, estimated closing costs, and appraisal and...
Click here for full text