CITY OF MERCED - File #: 20-499

• File #: 20-499
• Version: 1
• Type: Consent Item
• Status: Passed
• File created: 8/31/2020
• In control: City Council/Public Finance and Economic Development Authority/Parking Authority/Successor Agency to the Redevelopment Agency
• On agenda: 10/19/2020
• Final action: 10/19/2020
• Title: SUBJECT: Consideration of a Third Amendment to the Purchase and Sales Agreement Between the City of Merced and Valley Children's Healthcare for the 4.54 Acre Parcel Located at 301 W. Yosemite Ave, Merced, CA REPORT IN BRIEF Considers modifying the terms of the purchase and sale agreement for 301 W. Yosemite Avenue to Valley Children's Healthcare with the escrow date changing to October 30, 2020 and allowing for 24-months for construction to start. RECOMMENDATION City Council - Adopt a Motion: A. Approving the third amendment to 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 Interim City Manager to execute all the necessary documents.

Date	Ver.	Action By	Action	Result
10/19/2020	1	City Council/Public Finance and Economic Development Authority/Parking Authority/Successor Agency to the Redevelopment Agency	approved	Pass

Report Prepared by: Frank Quintero, Director of Economic Development

Title
SUBJECT: Consideration of a Third Amendment to the Purchase and Sales Agreement Between the City of Merced and Valley Children's Healthcare for the 4.54 Acre Parcel Located at 301 W. Yosemite Ave, Merced, CA

REPORT IN BRIEF
Considers modifying the terms of the purchase and sale agreement for 301 W. Yosemite Avenue to Valley Children's Healthcare with the escrow date changing to October 30, 2020 and allowing for 24-months for construction to start.

RECOMMENDATION
City Council - Adopt a Motion:

A. Approving the third amendment to 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 Interim City Manager to execute all the necessary documents.

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 2020-2021, 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 an ideas for possible funding options for the construction of a new Police Headquarters."

DISCUSSION
On March 4, 2019, the City Council approved a Purchase and Sale Agreement with Valley Children's Healthcare (VCH) for the 4.54-acre parcel located at 301 W. Yosemite Avenue for $2,100,000.00. The subject site commonly known as the former Police Headquarters property. The due diligence period closed, and VCH received Site Plan Approval for the original design c...