To: Board of Supervisors
From: Public Works
Agenda Section: Consent
Vote Requirement: Majority
SUBJECT:
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Authorization to Negotiate Terms and Conditions for the Purchase of Real Property Located at 4325 Broadway, Eureka, California
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RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Approve and authorize the Humboldt County Public Works Director, and designees thereof, to negotiate terms and conditions for the purchase of real property located at 4325 Broadway in Eureka, California with McNellis Partners Inc., and any duly authorized agents thereof; and
2. Direct the Clerk of the Board to provide the Real Property Division of the Department of Public Works with one (1) fully executed certified copy of the Board order related to this item.
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STRATEGIC PLAN:
The recommended actions support the following areas of the Board of Supervisors' Strategic Plan:
Area of Focus: Workforce & Operational Excellence
Strategic Plan Category: 3002 - Invest in county facilities
DISCUSSION:
The real property located at 4325 Broadway, Eureka, California was previously developed as a K-Mart store in 1988. The site is approximately eight (8) acres in size, includes approximately 237 parking stalls, and is located within the City of Eureka. There is a single building on site which is a single story, concrete masonry unit and steel framed structure with over sixty thousand (60,000) square feet of usable interior space. Limited improvements were made to the interior of the building for the processing of cannabis products by the previous owner/tenant, but beyond this the building is largely in the original condition of a big box retail store.
The previous owner/tenant ceased operations and the property was officially placed on the market for sale last year. An updated appraisal supports the listing price of Five Million Nine Hundred Fifty Thousand Dollars ($5,950,000.00). There are multiple other parties interested in the property and th...
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