RESOLUTION NO. _____________

BOARD OF SUPERVISORS, COUNTY OF SAN MATEO, STATE OF CALIFORNIA

* * * * * *

RESOLUTION AUTHORIZING: 1) THE PRESIDENT OF THE BOARD TO EXECUTE A FIRST AMENDMENT TO THE OPTION TO PURCHASE AND PURCHASE AGREEMENT WITH THE REDEVELOPMENT AGENCY OF THE CITY OF EAST PALO ALTO FOR COUNTY-OWNED IMPROVED SURPLUS REAL PROPERTY LOCATED AT THE SOUTHEAST CORNER OF UNIVERSITY AVENUE AND BAY ROAD, EAST PALO ALTO (APN 063-221-010), AND EXTENDING THE TERM THROUGH JANUARY 22, 2011; AND 2) THE COUNTY MANAGER OR HIS DESIGNEE TO EXECUTE NOTICES, OPTIONS AND DOCUMENTS ASSOCIATED WITH THE FIRST AMENDMENT AND THE AGREEMENT INCLUDING, BUT NOT LIMITED TO, EXTENSION OR TERMINATION OF THE AGREEMENT UNDER THE TERMS SET FORTH THEREIN.

______________________________________________________________

RESOLVED, by the Board of Supervisors of the County of San Mateo, State of California, that

WHEREAS, on July 22, 2008, as authorized by Resolution No. 69080, the County of San Mateo and the Redevelopment Agency of the City of East Palo Alto entered into an Option to Purchase and Purchase Agreement (the “Agreement”), which provided the Redevelopment Agency an option to purchase improved surplus real property located at Bay Road and University Avenue in the City of East Palo Alto, ”the “Property”); and

WHEREAS, the parties wish to amend the Agreement to extend the Option Term to January 22, 2011, but otherwise on the same terms and conditions; and

WHEREAS, there has been presented to this Board of Supervisors for its consideration and acceptance a First Amendment to the Agreement, reference to which is hereby made for further particulars, whereby the County of San Mateo grants to the Redevelopment Agency of the City of East Palo Alto a six month extension to the terms of the Agreement upon payment of a non-refundable option fee in the amount of $33,000; and

WHEREAS, the parties wish to amend the Agreement to extend the Option Term to January 22, 2011, but otherwise on the same terms and conditions; and

WHEREAS, this Board has examined and approved the First Amendment as to both form and content and desires to enter into same.

NOW, THEREFORE, IT IS HEREBY DETERMINED AND ORDERED that the President of this Board of Supervisors be, and is hereby, authorized and directed to execute said First Amendment to the Agreement for and on behalf of the County of San Mateo, and the Clerk of this Board shall attest the President’s signature thereto; and

IT IS FURTHER DETERMINED AND ORDERED that the County Manager or his designee is hereby authorized to accept or execute on behalf of the County, any and all notices, options and documents associated with the First Amendment and the Agreement including, but not limited to, extension or termination of the Agreement as amended under the terms set forth therein.

* * * * * *