25-1051

Measure K: Adopt a resolution: A) Authorizing and directing the Director of the San Mateo County Department of Housing (“DOH”), or designee, to negotiate and execute, in consultation with the County Attorney, an Exclusive Negotiating Agreement with MidPen Housing, or an affiliate entity, to afford the parties sufficient time not to exceed one year unless an extension is necessary and advisable in the Director’s discretion, to negotiate the terms of both a Development Agreement and an Agreement to provide site control of property located at 626, 640, and 648 Walnut Street in the City of San Carlos (the “Property”) with MidPen Housing, or an affiliate entity, for the purpose of developing and operating an affordable housing development on the Property for low-, very low- and extremely-low income households, including persons experiencing or at risk of homelessness and local public employees, to the extent and in a manner allowable by law; and B) Authorizing and directing the Director of DOH, or designee, in conjunction with MidPen Housing, to submit, or cause to be submitted, to the City of San Carlos, all necessary entitlement application documents required to ensure development at the Property proceeds in accordance with state law; and C) Authorizing and directing the Director of DOH, or designee, in consultation with the County Attorney, to negotiate and enter into a Development Agreement with MidPen Housing, or an affiliate entity, regarding design, development, construction, ownership, and management of the Property and the provision of on-site resident services at the Property; and D) Authorizing and directing the Director of DOH, or designee, to enter into necessary agreements to provide site control of the Property, through a ground lease with at least a 55 year term, or another instrument agreeable to both DOH and MidPen Housing, subject to County Attorney review and approval, with MidPen Housing or an affiliate entity to facilitate MidPen Housing, or its affiliate entity developing, owning and operating an affordable housing development on the Property for low-, very low- and extremely low-income households, including persons experiencing or at risk of homelessness and local public employees, to the extent and in a manner allowable by law; and E) Authorizing and directing the Director of DOH to enter into an Initial Predevelopment Loan Agreement in an amount not to exceed $250,000 to MidPen Housing, or an affiliate entity, for early predevelopment activities, on terms and subject to an agreement in a form approved by the DOH Director and the County Attorney, from Measure K (AHF) funds, or other available funding sources, with no increase to Net County Cost; and F) Authorizing the Director of DOH, or designee, acting in consultation with the County Attorney, to negotiate and execute any and all agreements, documents, certificates, extensions and amendments as may be necessary to effectuate the purposes of this resolution.

Resolution Passed Introduced October 30, 2025

What this record is

Held by: MidPen Housing 8 records across this site
Amount: $250K
Runs until: October 30, 2026 59 days — goes back out to bid calculated from the contract term stated in the record
Type: amendment
Field: Construction

Read automatically from the title of the official record. The source document below is authoritative.