News

San Ramon agrees to sell old city hall site for $6.1 million

Council to consider deal documents Tuesday; officials hope to close escrow next week

The city of San Ramon has accepted an offer to sell the old city hall site on Camino Ramon to a private investment company for $6.1 million, with city officials anticipating escrow will close next week.

The City Council, during its regular meeting Tuesday, is set to consider authorizing Mayor Bill Clarkson to execute grant deeds, certificates of conveyance and other related documents in connection with escrow.

"You will see a series of meetings, starting with tomorrow, to finalize the necessary paperwork and deeds for an expected closing of escrow sometime next week," interim city manager Joe Gorton said by email Monday. "The transaction will not be complete until the close of escrow."

City officials in recent months had been in the process of trying to sell the former city hall site, which includes single-story office buildings at 2220, 2222, 2226 and 2228 Camino Ramon. The property had housed city hall since the mid-1980s until last April, when the city offices relocated to the new San Ramon City Hall at 7000 Bollinger Canyon Road.

Gorton confirmed for the first time Monday that the city accepted an offer from OlymBuilder Investment Company, Inc., to buy the property for $6.1 million on Sept. 19.

The buyer has now removed all contingencies, and escrow is scheduled to close next Monday at the earliest, interim city attorney Bob Saxe wrote in his staff report to the council ahead of Tuesday's meeting.

It was not immediately clear where OlymBuilder Investment Company, Inc. is based, and its real estate representative had not responded to a request for comment as of Monday afternoon.

The deeds, conveyance certificates and other sale-related documents are included as part of the council's 10-item consent agenda, a collection of items deemed routine and voted upon all at once -- although an item can be pulled for separate consideration at the request of the council, city staff or the public.

The City Council meeting is scheduled to start at 7 p.m. inside the council chamber at San Ramon City Hall, 7000 Bollinger Canyon Road.

In other business

* The council will hear the Open Space Advisory Committee's annual report.

* The councilmen will consider appointing Santinder Bhalla to the Transportation Advisory Committee to a term running through January 2018 to fill the vacancy created after committee member Victoria Harris was appointed to the Planning Commission.

* They will present recognition to Vishal Moola for receiving the Presidential Volunteer Service Award, and they will be introduced to new public works employee Colleen Gonzalez.

* Before the regular meeting, the council will gather for a public workshop to discuss the city's reserve policy, beginning at 6 p.m. Tuesday inside the emergency operations center (EOC) meeting room at City Hall.

What is democracy worth to you?
Support local journalism.

Comments

4 people like this
Posted by resident
a resident of San Ramon
on Oct 25, 2016 at 11:24 am

Sure would be nice to know what the new "private" owners are planning on doing with the building. Why would anyone want to buy it? How are they planning to make money on it? Why would that NOT be part of the article, unless the city is afraid to tell us, because then "we" could try to block the sale.


2 people like this
Posted by NoWay
a resident of San Ramon
on Oct 25, 2016 at 4:16 pm

Dear Resident:
You are so-o-o right to be suspicious of the absence of future use!


2 people like this
Posted by Jack
a resident of San Ramon
on Oct 26, 2016 at 6:56 am

The buyers do not have to disclose the planned use. These buildings are part of a "condo" type office complex. The use will have to be consistent with the office park.


Sorry, but further commenting on this topic has been closed.

Stay informed

Get daily headlines sent straight to your inbox.

Couples Counseling, Al Pacino Style
By Chandrama Anderson | 0 comments | 1,991 views

Jammed BART trains demand innovative thinking moving forward
By pleasantonweekly.com | 8 comments | 713 views