HomeMy WebLinkAboutReso 27-2000RESOLUTION NO. 27-2000
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION APPROVING A PURCHASE AND SALE
AGREEMENT FOR THE SALE OF UNIMPROVED PROPERTY
FROM THE CITY OF SOUTH SAN FRANCISCO, A MUNICIPAL
CORPORATION TO HMS GATEWAY OFFICE, A DELAWARE
LIMITED PARTNERSHIP.
WHEREAS, the City owns a certain unimproved 660 square foot parcel of real property
located in South San Francisco, east of Executive Drive, more particularly described in Exhibit
A, which is incorporated by reference and attached hereto; and
WHEREAS, the City desires to sell the property to HMS Gateway and HMS Gateway
desires to purchase the unimproved real property;
WHEREAS, the City does not foresee using the property for any beneficial public use;
WHEREAS, HMS Gateway desires to acquire the property to facilitate development and
construction within the Gateway Redevelopment Project area;
WHEREAS, the City has obtained an appraisal of the property which indicates the
property has a fair market value of $17,000.00; and
WHEREAS, the City and HMS Gateway have mutually agreed to a purchase price of
$17,000.00 for the unimproved real property.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San
Francisco that it hereby approves the sale of the 660 square foot parcel of property to HMS
Gateway Office, L.P. and authorizes the City Manager to execute the Purchase and Sale
Agreement, the Grant Deed and the escrow instructions on behalf of the City.
I hereby certify that the foregoing Resolution was regularly introduced and adopted by
the City Council of the City of South San Francisco at a Regular meeting held on the 12th day
of April , 2000 by the following vote:
AYES:
Councilmembers James L. Datzman, Eugene R. Mullin, and John R. Penna,
Mayor Pro Tern Joseph A. Fernekes and Mayor Karyl Matsumoto
NOES: None.
ABSTAIN: None.
ABSENT: None.
ATTEST: t,a.. 0 · ~
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