Agenda Item
Meeting Date:
3/6/2025 - 7:00 PM  
Category:
Information and Study Items  
Type:
Action  
Subject:
Property Redevelopment: Exchange and Joint Escrow Agreement with Silverado San Jose, Inc - Metzler A - Fourth Amendment  
District Priorities:
 
Enclosure:
 
File Attachment:
Executed Fourth_Amendment_to_Silverado_Exchange_Agreement_Update_(4362600.1)_2-28-25.pdf
 
Summary:
On March 17, 2022, the Governing Board approved Resolution 21-22-06: Intent to Exchange Interests in Real Property with Silverado Memory Care. The Fourth Amendment is to extend the closing of escrow from January 31, 2025, to on or prior to May 31, 2025, due the approval from the City of San Jose Planning Commission.  
Funding:
 
Recommendation
Staff recommends that the Governing Board approve the Fourth Amendment to the Exchange and Joint Escrow Agreement with Silverado San Jose, Inc.  
Approvals:
Recommended By:
Signed By:
Carlena Grandey - Administrative Assistant to the Superintendent
Signed By:  
Kristi Schwiebert - Superintendent