BUSINESS OF THE COUNCIL OF THE CITY OF HALF MOON BAY
AGENDA REPORT
For meeting of: December 16, 2024
TO: Honorable Mayor and City Council
VIA: Matthew Chidester, City Manager
FROM: John Doughty, Assistant City Manager
TITLE: RESOLUTION OF PUBLIC INTEREST AND CONVENIENCE APPROVING THE CITY’S SALE OF A PORTION OF 880 STONE PINE ROAD (6.87-ACRE PORTION OF APN:
056-260-180) FOR THE CONSTRUCTION OF A 47-UNIT AFFORDABLE
FARMWORKER HOUSING PROJECT
______________________________________________________________________________ RECOMMENDATION:
Continue the public hearing to a date certain of January 21, 2025, at 7:00 p.m. or as soon thereafter that the matter can be heard at the City Council meeting held at the Ted Adcock Community Center (TACC) 535 Kelly Avenue, Half Moon Bay, CA 94019.
FISCAL IMPACT:
This action facilitates the sale of a portion of 880 Stone Pine Road to San Mateo County.
Proceeds of the sale will be committed to reducing the outstanding balance of the 10-Year City/County lease-leaseback arrangement. Proceeds will reduce the City’s annual General Fund debt service costs.
STRATEGIC ELEMENT:
This action supports the Healthy Communities and Public Safety, and Inclusive Governance Elements of the Strategic Plan.
BACKGROUND:
On November 19, 2024, the City Council adopted a Resolution establishing that the sale of 6.87 acres (Parcel 1) upon recording of the Final Parcel Map was in the public interest and convenience which, by State statute, requires the City to declare its intent to sell the property and provide an opportunity for consideration of protests to the disposition. The protest hearing was set for December 3, 2024, in anticipation of completion of negotiations on the Purchase Sale Agreement (PSA). There has been a minor delay in the completion of appraisals which has led to a delay in the negotiating final terms of the PSA. It was hoped that the PSA would be ready by the December 16, 2024, special meeting of the City Council. Negotiations have not been completed and an additional continuance is necessary. 227
DISCUSSION:
The City declares its intent to convey the Property pursuant to the terms of the PSA (originally scheduled for the December 3, 2024, City Council meeting and now continued to January 21, 2025 regular City Council meeting) and fixes a time for the hearing of any protests to the disposition, provides for publication of notice of said hearing, and fixes the time for final action on the disposition of the Property and approval of the PSA to no earlier than January 21, 2025.
ATTACHMENTS:
None
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