DATE: March 11, 2026
TO: Honorable Mayor and City Councilmembers
FROM: Public Works Department
TITLE: PURCHASE AND SALE AGREEMENT WITH THE HATTER FAMILY TRUST DATED DECEMBER 4, 1986 FOR THE PURCHASE OF 615 MISSION AVENUE
RECOMMENDATION
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Staff recommends that the City Council approve a Purchase and Sale Agreement with Larry W. Hatter and Cathleen E. Hatter, Co-Trustees of the Hatter Family Trust dated December 14, 1986, in the amount of $3,080,000 for the purchase of 615 Mission Avenue, to be used by the City for library-related purposes. The requested actions are further described below:
1. Authorize budget appropriations from the General Fund Assigned Infrastructure Account in an amount not to exceed $3,622,630, for the acquisition of real property, due diligence expenditures, and improvement expenses;
2. Approve a Memorandum of Understanding with the Oceanside Public Library Foundation and a Property Use Agreement with the Friends of the Oceanside Public Library;
3. Authorize the City Manager to execute the Purchase and Sale agreement, the Memorandum of Understanding and the Property Use Agreement upon receipt of all supporting documents;
4. Authorize the City Manager, or his designee(s), to carry out the terms of the Purchase and Sale Agreement, and consummate the closing of escrow for acquisition of the real property upon receipt of all supporting documents; and
5. Authorize the City Clerk to accept the Grant Deed for the property.
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BACKGROUND AND ANALYSIS
In January 2026, the City of Oceanside ("City") was offered an opportunity to acquire certain real property located at 615 Mission Avenue, Assessor's Parcel Number 147-281-01 ("Property") from Larry W. Hatter and Cathleen E. Hatter, Co-Trustees of the Hatter Family Trust, dated December 14, 1986 ("Seller"). The Property consists of a .66-acre parcel of land containing a building with a grade-level main floor fronting Mission Avenue containing approximately 5,000 square feet and a b...
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