Approve and authorize the Chairman to execute the Sale and Purchase Agreement with Seller (Purchase Agreement) for the County’s purchase of 1404 L Street and 2222 Stanislaus Street, Fresno, CA 93721 (APN 466-114-14 and 466-114-11) (Property) from the Wayne H. Towne Family Foundation, Inc. (Seller), with an expected closing date on or before October 20, 2023, for the sum of $2,950,000; Authorize staff to undertake additional due diligence investigations, including any further environmental studies or appraisals of the Property, as deemed necessary or appropriate by staff, in connection with the County’s purchase of the Property; Authorize and direct the Director of ISD/CIO, or his designee, to take any action as deemed necessary or appropriate, all of which shall be consistent with the Purchase Agreement, and the foregoing Board approvals and actions, to: Open, carry out, and close escrow for the County’s purchase of the Property from Seller; deliver the County’s $100,000 deposit; deliver the County’s acceptance of Seller’s Grant Deed; and obtain title insurance in favor of the County for the Property in the amount of the purchase price of the Property at escrow closing; Review, approve, execute, and/or deliver any agreements, documents, certificates, notices, and instruments, and any amendments to any of the foregoing (subject to prior review and approval as to legal form by County Counsel, and, as applicable, as to accounting form by the County Auditor-Controller/Treasurer-Tax Collector), and to take any other actions to initiate, carry out, and finalize the County’s purchase of the Property from the Seller; and Perform any other obligations, or exercise any other rights, of County under the Purchase Agreement to finalize the County’s purchase of the Property; Adopt Budget Resolution increasing the FY 2023-24 appropriations for Local Assistance Fund Org 1034 in the amount of $2,952,000 (4/5 vote); and Adopt Budget Resolution increasing the FY 2023-24 appropriations and estimated revenues for County Buildings Org 0131 in the amount of $2,952,000 (4/5 vote)

Agenda Item Approved Introduced May 10, 2023

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Committee: Internal Services
Requested by: Internal Services
Introduced: May 10, 2023
On agenda: July 18, 2023
Passed: July 18, 2023
Enactment no.: Resolution No. 23-250, Resolution No. 23-251, Agreement No. 23-367