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File #: 19-032    Version: 1 Name:
Type: Consent Item Status: Agenda Ready
File created: 1/4/2019 In control: City Council/Public Finance and Economic Development Authority/Parking Authority
On agenda: 2/19/2019 Final action:
Title: SUBJECT: Approval of Purchase and Sale Agreement Between the City of Merced (Seller) and Valley Children's Healthcare (Buyer) for the 4.54 Acre Parcel Located at 301 W. Yosemite Ave., Merced, CA in the Amount of $2,100,000 REPORT IN BRIEF Considers approving a Purchase and Sales Agreement for the sale of a City owned 4.54 acre parcel located at 301 W. Yosemite Avenue to Valley Children's Healthcare for the development of a pediatric primary and specialty care medical office building. The Agreement contains escrow instructions for the sale of the property. RECOMMENDATION City Council - Adopt a Motion: A. Approving the purchase and sale agreement between the City of Merced and Valley Children's Healthcare for 301 W. Yosemite Avenue (Assessor's Parcel Number 231-040-021); and, B. Authorizing the City Manager or the Assistant City Manager to execute all the necessary documents; and, C. Authorizing the Finance Officer to make the necessary budget adjustments.
Attachments: 1. Location Map, 2. Purchase and Sale Agreement, 3. Clovis Site Plan
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Report Prepared by: Frank Quintero, Director of Economic Development

Title
SUBJECT: Approval of Purchase and Sale Agreement Between the City of Merced (Seller) and Valley Children's Healthcare (Buyer) for the 4.54 Acre Parcel Located at 301 W. Yosemite Ave., Merced, CA in the Amount of $2,100,000

REPORT IN BRIEF
Considers approving a Purchase and Sales Agreement for the sale of a City owned 4.54 acre parcel located at 301 W. Yosemite Avenue to Valley Children's Healthcare for the development of a pediatric primary and specialty care medical office building. The Agreement contains escrow instructions for the sale of the property.

RECOMMENDATION
City Council - Adopt a Motion:

A. Approving the purchase and sale agreement between the City of Merced and Valley Children's Healthcare for 301 W. Yosemite Avenue (Assessor's Parcel Number 231-040-021); and,

B. Authorizing the City Manager or the Assistant City Manager to execute all the necessary documents; and,

C. Authorizing the Finance Officer to make the necessary budget adjustments.

Body
ALTERNATIVES
1. Approve as recommended by staff; or
2. Approve, subject to conditions as specified by the City Council; or
3. Deny the request; or,
4. Refer back to staff for reconsideration of specific items as requested by the Council; or
5. Defer action until a specified date

AUTHORITY
Charter of the City of Merced, Section 200

CITY COUNCIL PRIORITIES
City of Merced Adopted Budget Fiscal Year 2018-2019, Section 10 - Public Safety, Police, Police Headquarters - "In accordance with Council Goals & Priorities concerning Future Planning, the Merced Police Department will continue to work closely with City staff to compose an accurate needs assessment and ideas for possible funding options for the construction of a new Police Headquarters."

DISCUSSION
Valley Children's Healthcare is in agreement with the terms contained in the Purchase Sale Agreement for the transaction of a 4.54-acre parcel located at 301 E....

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