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Budget committee backs forwarding purchase option for 1 Newhall as possible OCME facility
Summary
The Budget and Finance Committee voted to forward to the full Board a resolution to exercise the city's option to buy 1 Newhall Street for $5,304,500 as a potential new Office of the Chief Medical Examiner facility, subject to CEQA, design review and future funding authorization. The budget analyst warned capital improvements could add tens of millions to the total cost.
The Budget and Finance Committee on the morning advanced a resolution recommending the city exercise its option to purchase 1 Newhall Street for $5,304,500 as a potential new facility for the Office of the Chief Medical Examiner (OCME).
John Updike, Acting Director of Real Estate, told the committee the 33,000-square-foot industrial building in the India Basin area matches OCME’s space needs and that the proposed acquisition preserves options to put OCME there, lease to other city users or dispose of the asset later. Updike said the purchase price negotiated a discount and the city would close escrow on Sept. 1, 2011, if the Board…
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