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Belmont approves transfers and sales for three city‑owned homes, including $1 transfer to nonprofit operator
Summary
The council authorized transferring 730 El Camino Real to nonprofit Kainos for $1 with a 55‑year regulatory agreement, approved moving forward with marketing and sale of the historic Emmett House with deed restrictions and a replacement housing plan, and authorized listing/sale steps for 1000 O'Neil Avenue; votes were unanimous.
Belmont's City Council voted unanimously to carry out recommended dispositions of three city‑owned residential properties, directing staff to complete a below‑market transfer for a group home and to pursue listing or sale of two other properties with deed restrictions and replacement housing plans.
Staff told the council the city owns 730 El Camino Real (an existing group home operated since 1999), 503 Crestview Avenue (an intermediate care facility), and 1000 O'Neil Avenue (a vacant duplex). For 730 El Camino Real staff negotiated a purchase and sale agreement with Kainos to transfer the property for $1; the city would record a regulatory agreement restricting the…
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