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.

Resolution Passed Introduced March 25, 2025

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