Lassen County - File #: ID# 259-19

• File #: ID# 259-19
• Version: 1
• Type: Action Item
• Status: Passed
• File created: 4/8/2019
• In control: Public Works
• On agenda: 4/16/2019
• Final action: 4/16/2019
• Title: COURTHOUSE ANNEX SUBJECT: Courthouse Annex - Equity Buy Out of Judicial Council of California. FISCAL IMPACT: The buyback will occur over a five (5) year period in the amount of $50,000 per year for a total of $250,000. Funding is available in Fund 119 Accumulated Capital Outlay for the first payment. ACTION REQUESTED: 1) Approve entering into an Equity Rights Purchase Agreement with the Judicial Council of California; and 2) execute the supplementary Revocable, Exclusive License for Real Property.

Date	Ver.	Action By	Action	Result
4/16/2019	1	Board of Supervisors	approved	Pass

Title

COURTHOUSE ANNEX

SUBJECT: Courthouse Annex - Equity Buy Out of Judicial Council of California.

FISCAL IMPACT: The buyback will occur over a five (5) year period in the amount of $50,000 per year for a total of $250,000. Funding is available in Fund 119 Accumulated Capital Outlay for the first payment.

ACTION REQUESTED:  1) Approve entering into an Equity Rights Purchase Agreement with the Judicial Council of California; and 2) execute the supplementary Revocable, Exclusive License for Real Property.