Title
Consider recommendations regarding an option to purchase and proceed with the acquisition of the property located at 6549 El Colegio Road for Housing Navigation Services and the operation of an emergency shelter (Folio No. 003993), as follows:
a) Approve and authorize the Chair, or designee, to exercise the County's option to purchase real property located at 6549 El Colegio Rd, Goleta CA 93117 (Assessor Parcel Number 075-034-005) (the "Property") from El Colegio 6549, LLC ("Owner") for a purchase price of $6,300,000.00, in accordance with the terms of the option agreement approved by the Board of Supervisors on June 15, 2021, which included a condition that the County close on or before December 30, 2021;
b) Approve and authorize the Chair to execute the Purchase Agreement and Escrow Instructions (the "Agreement") between the County of Santa Barbara as buyer, and owner as seller, to purchase the property;
c) Authorize the Director of General Services, or designee, subject to concurrence from County Counsel, to execute any and all escrow documents necessary to facilitate the terms and conditions of the proposed acquisition of the Property as set forth in the Agreement;
d) Authorize the Director of General Services, or designee, subject to concurrence from County Counsel, to complete investigation of and due diligence for the Property and either approve the condition of the Property or elect to terminate the Agreement as provided in Section 1 of the Agreement;
e) Approve and authorize the Director of General Services, or designee, to expend funds in a total amount not to exceed the purchase price $6,300,000.00, plus title and escrow fees, including staff costs, processing fees and any other costs required to facilitate the transaction pursuant to the Agreement;
f) Approve and authorize the Clerk of the Board, upon satisfaction of the terms and conditions of the Agreement as determined by the Director of General Services, or designee, with concurrence f...
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