RESOLUTION R2026-XX
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MANTECA, STATE OF CALIFORNIA, ACCEPTING A GRANT DEED FROM BEDQUARTERS, INC., A CALIFORNIA CORPORATION, FOR THE ACQUISITION OF 103, 107, AND 113/115 W. YOSEMITE AVENUE (APNS 217-210-49, 217-210-48, AND 217-210-47).
WHEREAS, On January 6, 2026, the City Council approved a Purchase and Sale Agreement (“AGREEMENT”) for the acquisition of the Manteca Bedquarters Building and adjacent parking lot located at 103, 107, and 113/115 West Yosemite Avenue in the amount of $1,200,000; and WHEREAS, Since that time, the City has completed its inspection and due diligence period, and the Seller has fulfilled its obligations outlined in the AGREEMENT; and WHEREAS, Staff has confirmed that all required improvements have been completed per the AGREEMENT; and WHEREAS, Closing documents have been finalized, and the Grant Deed has been executed by the Seller; and WHEREAS, Following Council approval, the Grant Deed will be recorded with San Joaquin County, finalizing the transfer of ownership of the property to the City of Manteca; and WHEREAS, the City Council has considered all information related to this matter as presented at the public meetings of the City Council identified herein, including any supporting reports by City Staff and any information provided during public meetings.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Manteca, as follows:
1. The City Council hereby finds that the facts set forth in the recitals to this Resolution are true and correct, and establish the factual basis for the City Council’s adoption of this Resolution.
2. The City Council hereby accepts a Grant Deed from Bedquarters, Inc. for real property located at 103, 107, AND 113/115 W. Yosemite Avenue (APNs 217-210-49, 217-210-48, AND 217-210-47).
3. This Resolution shall take effect immediately upon its adoption.
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City Council of the City of Manteca at a public meeting of said City Council held on the 16th day of June, 2026, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
MAYOR: _____________________________
GARY SINGH
Mayor
ATTEST: __________________________
CASSANDRA CANDINI-TILON
City Clerk
ATTACHMENT 1
Resolution __ ____
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ATTACHMENT 1
R2026-XX Page PAGE 1 of NUMPAGES 2 June 16, 2026