HomeMy WebLinkAboutMinutes 1983-08-24President Mark N. Addiego
Commi ssi oners:
Emanuele N. Damonte
Ronald G. Acosta
Gus Nicol opulos
Roberta Cerri Teglia
MINUTES
Surplus Property Authority
City Council Conference Room
August 24, 1983
NOTICE IS HEREBY GIVEN, pursuant to Section 54956 of the Govrnment Code of the
State of California, that the Surplus Property Authority of the City of South San
Francisco will hold a Special Meeting on Wednesday, August 24, 1983, at 5:55 p.m., in the
City Council Conference Room, City Hall, 400 Grand Avenue, South San Francisco,
California.
Purpose of the meeting:
1. Approval of the Minutes of the Special Meeting of the Surplus
Property Authority on June 15, 1983.
2. Adoption of a Resolution rescinding Resolution No. SPA-2-83
and SPA-4-83.
A RESOLUTION AUTHORIZING AN "OFFER TO PURCHASE" REAL PROPERTY
BELONGING TO THE UNITED STATES OF AMERICA AND AUTHORIZING CERTAIN
OTHER ACTS IN CONNECTION WITH SAID PURCHASE
Surplus Prol~erty Authority
City of South San Francisco
AGENDA
SPECIAL MEETING
CALL TO ORDER
PLEDGE OF ALLEGIANCE:
Approval of the Minutes of the
Special Meeting of the Surplus
Property Authority on 6/15/83.
Commissioner Damonte arrived.
Staff Report dated 8/24/83
recommending adoption of a
Resolution authorizing an Offer
to purchase the Oyster Point
Warehouse.
ACTION TAKEN
SPECIAL MEETING
6:10 p.m. President Addie9o presiding.
Commissioners present: Nicolopulos,
Acosta and Addiego.
Commissioners absent: Damonte and
Teglia.
Recited.
M/S Acosta/Nicolopulos - To approve the
Minutes.
Carried by unanimous voice vote.
Commissioner Damonte arrived at 5:59 p.m.
Assistant City Manager Wilson stated that
this third adoption of the Resolution was
to satisfy the Washington office of GSA
which clarified covenants, wordage and
that the conditions would remain the
same with the cost of $1,475,000.
8/24/83
Page i
AGENDA ACTION TAKEN
2. Staff Report - Continued.
A RESOLUTION AUTHORIZING AN "OFFER
TO PURCHASE" REAL PROPERTY BELONGING
TO THE UNITED STATES OF AMERICA AND
AUTHORIZING CERTAIN OTHER ACTS IN
CONNECTION WITH SAID PURCHASE RES-
CINDING RESOLUTIONS NO. SPA-2-83
AND SPA-4-83
City Treasurer Bonalanza questioned if
anyone had worked up the figures on how
much it was going to cost the City if the
option was exercised for three years or
ten years.
Assistant City Manager Wilson stated that
the City was carrying the paper for ten
years, however, if the City disposed of
the property within three years and
received a profit, that profit would have
to go back to the Federal Government. He
stated that if the property was held for
three years and one day or longer and
then the City sold the property the City
would retain the profits.
Councilman Nicolopulos stated that he
would like to hear any information the
City Treasurer had compiled.
City Treasurer Bonalanza stated that he
had worked out the figures, however he
had not been consulted in any of the
transactions. He stated that if the City
exercised its option within three years
it would cost $8.33 per square feet and
that exercising a ten year option would
cost the City $13.55 per square foot.
Assistant City Manager Wilson stated that
Staff anticipated leasing the building
out for three years and that the money
received would offset the payments for
the property.
Consensus of Council - That the City
Treasurer is to be consulted before the
City disposes of the property.
M/S Acosta/Nicolopulos - To adopt the
Resolution.
RESOLUTION NO. SPA 5-83
Carried by unanimous voice vote.
M/S Acosta/Nicolopulos - To adjourn the
meeting.
Carried by unanimous voice vote.
8/24/83
Page 2
AGENDA ACTION TAKEN 030'8
ADJOURNMENT:
RESPECTFULLY SUBMITTED,
Barbara A. Battaya,
Surplus Property Authority
City of South San Francisco
The meeting was adjourned at
at 6:06 p.m.
APPROVED:
Surplus Property Authority
City of South San Francisco
The entries of this Council meeting show the action taken by the City Council to dispose
of an item. Oral communications, arguments, and comments are recorded on tape. The tape
and documents related to the items are on file in the Office of the City Clerk and
available for inspection, review and copying.
8/24/83
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