San Bernardino header
File #: 11059   
Type: Consent Status: Passed
File created: 10/15/2024 Department: Successor Agency to the County of San Bernardino Redevelopment Agency
On agenda: 10/22/2024 Final action: 10/22/2024
Subject: Amendment to the Purchase and Sale Agreement and Joint Escrow Instructions for Acquisition of Vacant Land in the Bloomington Area
Attachments: 1. CON-RESD-CDH-102224-Contract Amd w Micasso Group 23-1016 A1, 2. R2-COV-RESD-CDH-102224-Contract Amd w Micasso Group 23-1016 A1, 3. Item #50 Executed BAI, 4. 23-1016 A-01 Executed Contract
REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF SAN BERNARDINO COUNTY
AND RECORD OF ACTION

October 22, 2024

FROM
TERRY W. THOMPSON, Director, Real Estate Services Department
CARRIE HARMON, Director, Community Development and Housing Department

SUBJECT
Title
Amendment to the Purchase and Sale Agreement and Joint Escrow Instructions for Acquisition of Vacant Land in the Bloomington Area
End

RECOMMENDATION(S)
Recommendation
1. Acting as the Successor Housing Agency to the former Redevelopment Agency of the County of San Bernardino, pursuant to Health and Safety Code section 34176, approve Amendment No. 1 to the Purchase and Sale Agreement and Joint Escrow Instructions for Contract No. 23-1016, between San Bernardino County, a political subdivision of the State of California, acting in its capacity as the Successor Housing Agency to the former Redevelopment Agency of the County of San Bernardino pursuant to Health and Safety Code Section 34176 and Micasso Group, LLC, a California limited liability company, to adjust the purchase price for vacant land containing approximately 3.75 acres located at 10108 Locust Avenue in the unincorporated area of Bloomington (Assessor's Parcel Number 0252-051-41) from $4,900,500, plus escrow, title, and closing fees estimated to be $10,000, to an amount to be determined by a third-party appraisal pursuant to mutually agreed appraisal instructions, plus additional due diligence costs estimated to be $50,000, and extend the closing date to 60 calendar days following the determination of the appraised purchase price.
2. Approve a budget increase of $1,149,500 to Capital Improvement Program Project No. 24-075 to purchase vacant land containing approximately 3.75 acres located at 10108 Locust Avenue in the unincorporated area of Bloomington.
3. Authorize the Auditor-Controller/Treasurer/Tax Collector to post the necessary adjustments to the Real Estate Services Department 2024-25 budget, as detailed in the Fina...

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