Sonoma County Completes Sale of Chanate Campus | Press releases | County Administrator’s Office
Holy Rose, California – 23 December 2021 – Sonoma County has finalized the sale of the 71-acre Chanate Campus to Eddie Haddad of Chanate Development Group, a newly formed LLC, for $ 15.05 million. Engagement at the site, which centers around the former community hospital, closed today, concluding a long-standing goal for the Sonoma County Oversight Board
“It is a feeling of relief to have finally closed the sale of this property,” said Lynda Hopkins, Chairman of the Supervisory Board. “We believe we got the best deal possible for Sonoma County taxpayers, and while we have no control over future development, we hope to see this property used to address the housing shortage in Sonoma County. ”
The City of Santa Rosa has the authority to approve the future development of the site.
Unlike previous sales efforts, the county used the TenX online auction website to complete the sale. The auction opened on September 7 and closed on November 9, followed by an oral tender. All bidders were vetted to ensure that they had sufficient funds to complete the transaction. Bidders were required to submit proof of funds in a timely manner and had to agree to all conditions of the sale of the property before being considered qualified to submit a bid. California Government Code outlaws exactly the process that was carefully followed.
“Today, the County General Service Team celebrates the completion of many years of proper, diligent and professional work and looks forward to the future of the Chanate property,” said Caroline Judy, Director of the Services Department. generals.
The terms of the sale of the property were all cash as is with no rights with all structures and assets transferred at closing. All costs associated with the demolition of buildings are the responsibility of the purchaser.
The sale includes a sale-leaseback agreement with the county for the public health lab and morgue and coroner’s office for four years with two six-month extension options. The terms of the sale also include an affordable housing clause, the buyer’s recognition of public access to the historic cemetery, access agreements for the Chanate Medical Center and the assumption of the lease of Sloan House and Bird Rescue license agreements.
Parcel J, the 10.4-acre Paulin Meadow site on the southwest corner of the property at the end of Beverly Way, was not included in the sale. On November 2, the Supervisory Board approved the transfer of the plot to the Agricultural Preservation and Open Space District. The means of transport closed on December 16, ensuring the conservation of the wooded area in perpetuity.
Vice-chairman Chris Coursey, whose district included the Chanate campus, and county staff worked to keep neighbors informed of ongoing activities at the site, including vegetation management and the seismic analysis.
“We can now return this asset to productive use and place the property on the tax roll. Said Coursey. “We cannot direct what happens here after the sale, but I hope for responsible development that meets the greatest needs of our community, including affordable housing that will continue the role of the Chanate property as an asset. for the community. ”