Title
a. Approve and authorize County Administrative Office staff to exercise the County's Option to Purchase the inclusionary unit located at 11120 Union Circle, Castroville, CA 95012 pursuant to Section 16 of the Buyer's Occupancy and Resale Restriction Agreement with Option to Purchase (the "Agreement).
b. Approve and authorize the Assistant County Administrative Officer, or designee, to execute the contract, including amendments thereto, contingent upon approval by County Counsel, which do not affect the maximum dollar amount, to purchase the inclusionary unit.
c. Approve and authorize the Assistant County Administrative Officer, or designee, to spend inclusionary housing program dollars to purchase the inclusionary unit, in the amount not to exceed $250,000.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Approve and authorize County Administrative Office staff to exercise the County's Option to Purchase the inclusionary unit located at 11120 Union Circle, Castroville, CA 95012 pursuant to Section 16 of the Buyer's Occupancy and Resale Restriction Agreement with Option to Purchase (the "Agreement").
b. Approve and authorize the Assistant County Administrative Officer, or designee, to execute the contract, including amendments thereto, contingent upon approval by County Counsel, which do not affect the maximum dollar amount, to purchase the inclusionary unit in accordance to real estate requirements.
c. Approve and authorize the Assistant County Administrative Officer, or designee, to spend inclusionary housing program dollars to purchase the inclusionary unit, in the amount not to exceed $250,000.
SUMMARY:
Kerry Johnson and Rosemarie Johnson are the owners of an inclusionary home located at 11120 Union Circle, Castroville, in the Union Circle subdivision. Mr. and Mrs. Johnson have received a Notice of Trustee's Sale estimating their property's date of sale being September 24, 2018. Estimated amount of unpaid balance an...
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