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CITY COUNCIL AGENDA ITEM NO. 19
Meeting Date: November 14, 2000

Subject/Title: Option to Purchase Agreement for Agency Owned Property at 159 Sycamore 

Submitted by: Jon Elam, City Manager

Approved by: Jon Elam, City Manager

RECOMMENDATION 
Authorize the City Attorney to prepare for the Executive Director’s signature, an Option to Purchase Agreement for Agency owned property at 159 Sycamore Avenue.

PREVIOUS ACTION
None

BACKGROUND
The City purchased property at 159 Sycamore Ave. on March 20, 2000. It was purchased by the Agency to facilitate the clean-up of the neighborhood and to create a re-use of the property to further housing goals of the City. The Council still has to act on an amendment to our housing element to allow for new affordable housing in the downtown area. Staff has been working with interested parties who might redevelop this site. Mr. Robert Sherdel and Don Ferguson have submitted a request to purchase this property for a price of $250.000. This is equal to what the City purchased it for.

Mr. Sherdel, a Brentwood resident and builder, is interested in building a ten-unit home ownership townhome development in the site which is zoned R3 and would allow for up to 16 units. Mr. Sherdel will present the Conceptual Plan for the site and has agreed to develop a partnership with the Agency to create affordable housing opportunities for local teachers or public employees. This could be a very exciting re-use project.

Staff requests support to continue to explore the viability of this project through the development of a one-year option agreement.

City Administration
City of Brentwood City Council
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Brentwood, CA 94513
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E-mail allcouncil@brentwoodca.gov