Report Prepared by: Francisco Mendoza-Gonzalez, Economic Development Administrator, Economic Development Department
Title
SUBJECT: Authority to Negotiate a Purchase and Sale Agreement Regarding CityOwned Real Property at 626 W. Main Street (APN 031134025)
REPORT IN BRIEF
Staff is requesting authority from the City Council to negotiate a Purchase and Sale Agreement with Hopeton Properties, LLC, regarding the City-owned property at 626 W Main Street (APN 031-134-025) pursuant to a Request for Proposal bid.
RECOMMENDATION
City Council – Adopt a motion authorizing Staff to negotiate a Purchase and Sale Agreement with Hopeton Properties, LLC, for the City-owned property located at 626 W. Main Street; and directing staff to return the Purchase and Sale Agreement to the City Council for consideration at a future meeting.
Body
ALTERNATIVES
1. Select an alternative bid; or
2. Refer to staff for further consideration of specific items (specific items to be addressed in motion); or.
3. Continue to a future meeting (date and time to be specified in motion); or,
4. Deny
AUTHORITY
Merced City Charter, Section 200.
CITY COUNCIL PRIORITES
City of Merced FY 2026-2027 Budget, Section 7, Economic Development, Goals, “Coordinate real estate and infrastructure development that will assist in expanding and attracting new business investment and jobs.”
DISCUSSION
Background
The property at 626 West Main Street (APN 031134025) is an approximately 2,500squarefoot parcel located within downtown. This strip of land was intended to be used as a pedestrian access from the City-owned parking lot located on the north side of 16th St., between M St. and N St. The parcel was formerly held by the Successor Agency to the Redevelopment Agency of the City of Merced, a legacy entity established following the statewide dissolution of redevelopment agencies on February 1, 2012, under AB 1x 26.
On January 5, 2026, the Successor Agency—acting through the City Council—approved ...
Click here for full text