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6.1 G <br /> Pa e 1 <br /> To the Honorable Mayor and City Council <br /> From the City Manager <br /> October 25, 2010 <br /> Subject <br /> Ratification of City Council's October 11, 2010 Decision to Purchase Real Property <br /> Recommendation <br /> By motion: <br /> 1. Ratify the City Council's �ctober 11, 2010 decision to authorize the City Manager <br /> to enter into purchase option agreements for the four properties known as the <br /> Chemical Way Site, and which are assignable to the County of San Mateo; <br /> 2. Ratify the City Council's October '11, 2010 decision to authorize the Cify Manager <br /> to post option payments (non-refundable) totaling $8,�00.00 and deposits <br /> (refundable) totaling $192,000.00, with the understanding that the County of San <br /> Mateo will reimburse $200,00�.00 to the City prior to exercise of the option and <br /> the closing of the property sales; <br /> Background <br /> As described in the October 11, 2010 report to the City Council, the City has been <br /> engaged in actions to effectuate the City Council's direction to identify alternative <br /> property for a County replacement jail facility. The City identified suitable property and <br /> requested the City Council's authori#y to enter into option purchase agreements. Due to <br /> a clerical error, noticing required by Redwood City Charter Section 3.5 did not occur <br /> timely and in an abundance of caution, s#aff is seeking ratification of the decisions made <br /> on October 11, 201� with respect to the property acquisition. Therefore, this report <br /> largely repeats the October 11, 2010 staff report. <br /> The properties identified for acquisition by option purchase agreement are: <br /> 1. Property: 20 Chemical Way, Redwood City, CA <br /> APN: 052-392-240 & �52-392-270 <br /> Size in Acres: 0.945 <br /> Owner of Record: Chemical Way Properties, LLC <br /> 2. Property: 50 Chemical Way, Redwood City, CA <br /> APN: 052-392-210 & 052-392-260 <br /> Size in Acres: 1.500 <br /> �wner of Record: Las Cruces Holdings, LLC <br /> 3. Property: 70 Chemical Way, Redwaod City CA <br /> APN: 052-392-200 <br /> Size in Acres: 1.000 <br /> Owner of Record: Kona Ventures, LLC <br /> 4. Property: 80 Chemical Way, Redwood City, CA <br />