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Council authorizes sale of Stone Pine parcel to San Mateo County for Stone Pine Cove housing project
Summary
The council approved agreements to transfer the parcel identified as 830 Stone Pine Road to San Mateo County for a 47‑unit manufactured home community (Stone Pine Cove) intended to house displaced residents. The sale proceeds will reduce the city’s loan balance and the county will pay $500,000 for five years of maintenance support.
Half Moon Bay city staff described and the council approved terms March 4 to convey a subdivided parcel now addressed as 830 Stone Pine Road to San Mateo County so the county can complete the Stone Pine Cove manufactured‑home community.
Background: The city purchased the larger Stone Pine property in February 2021 using an Infrastructure Bank loan to house the corporation yard and provide a buffer to a creek and pond on site. After the 2023 mass shooting displaced many households and exposed poor living conditions for farmworkers, the city and county collaborated to develop a 47‑unit manufactured home community for displaced households and eligible coastside residents.
The council adopted several resolutions authorizing the sale, approving a purchase and sale agreement and directing the city manager to execute an operations and maintenance memorandum of understanding that assigns maintenance responsibilities. The negotiated purchase price of $1,234,000 (raw land appraisal basis) will be applied as a prepayment credit against the principal the city owes the county under a prior loan amendment. The county will make a one‑time $500,000 payment to the city to help fund operations and maintenance obligations the city will perform for five years; after five years the parties will revisit responsibilities.
City staff noted the county has already broken ground and is managing build‑out on site; manufactured homes are in production and move‑ins to the new homes are expected this summer. The county will be the ongoing property manager and will prioritize households displaced by the shooting for move‑ins. The sale was approved unanimously and the county will complete its approvals and due diligence before closing this summer.
The council said the transaction clears title and aligns ownership with the party managing the housing, while enabling the city to reduce its debt service obligation. Council members praised the multi‑agency partnership and said they looked forward to a public ribbon‑cutting once move‑ins begin.
