25-281
Adopt a resolution: A) Authorizing the President of the Board of Supervisors to execute an addendum to the agreement to assist Coastside Hope with the acquisition of real property for the operation of a multi-service center for low income families, originally dated March 28, 1995, under which the County consents to the sale of the real property located at 99 Avenue Alhambra in El Granada, waives acceleration of its secured promissory note, and agrees to the transfer of its secured interest totaling $453,050 to the real property located at 248 Main Street in Half Moon Bay, and Coastside Hope agrees to remit payment of $1,000,000 to reduce the principal balance owing under a loan from the County secured against the real property located at 248 Main Street in Half Moon Bay; and B) Authorizing and directing the County Executive, or designee(s), to negotiate, agree to, enter into, and/or execute any additional documents necessary, advisable, or appropriate to effectuate or carry out the Addendum.
What this record is
- Amount
- $1.00M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
See which contracts are coming up for rebid →
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- COUNTY EXECUTIVE
- Requested by
- COUNTY EXECUTIVE
- Introduced
- March 25, 2025
- On agenda
- April 8, 2025
- Passed
- April 8, 2025
- Enacted
- April 8, 2025
- Enactment no.
- Resolution-081065
Where it was heard
BOARD OF SUPERVISORSWatch what San Mateo County buys
This is one award. San Mateo County signs them continuously, and each one names a company and a date it runs out. Say what you sell and we will email you when the next one matches.
Free for 14 days, no card — and nothing charges itself: at day 14 the emails simply stop unless you choose to subscribe ($19 a month). One email when something matches, and nothing else. Unsubscribe from any of them. Searching stays free — it is public record.