Memorandum
Date: February 7, 2023
To: The Honorable Lake County Board of Supervisors
From: Susan Parker, County Administrative Officer
Subject: Approve Agreement to Terminate and Release Municipal Lease with Option to Purchase Agreement No. 1995-1 (Instrument No. 95-017576 of Official Records) and Site Lease (Instrument No. 95-017577 of Official Records) between the County of Lake and MPA Leasing Corporation for property located at 15837-18th Avenue, Clearlake, CA and authorize the Chair to sign
Executive Summary:
On October 26, 2021, your Board executed a Property Exchange Agreement with the State of California involving a land swap with the State-owned Lakeport Armory located at 1431 Hoyt Avenue and the County owned vacant property located at 15837 18th Avenue, Clearlake, CA.
In preparing for the development of the vacant land, the State of California, Department of General Services discovered a Municipal Lease with Option to Purchase Agreement No. 1995-1 and Site Lease listed as exceptions on the Preliminary Report.
The State of California, Department of General Services has requested a Termination Agreement for the instruments listed above to remove these exceptions. The County and MPA Leasing Corporation, Inc. mutually acknowledge and agree that the Site Lease and Agreement have terminated and are no longer applicable to the property located at 15837 18th Avenue, Clearlake, CA.
If not budgeted, fill in the blanks below only:
Estimated Cost: ________ Amount Budgeted: ________ Additional Requested: ________ Future Annual Cost: ________
Purchasing Considerations (check all that apply): ? Not applicable
? Fully Article X.- and/or Consultant Selection Policy-Compliant (describe process undertaken in "Executive Summary")
? Section 2-38 Exemption from Competitive Bidding (rationale in "Executive Summary," attach documentation, as needed)
? For Technology Purchases: Vetted and Supported by the Technology Governance Committee ("Yes," if checked)
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