Tuesday
February
09
2016
7:44 pm
Weather
 
  Home
  Local News
  State / National / World
  Sports
  Opinion / Letters
  Business
  Arts / Entertainment
  Lifestyle
  Obituaries
  Calendar
  Submit Event
  Comics / Games
  Classifieds
  DJ Designers
  Archives
  Advertise With Us
  About Us
 
 
 
 
City to sign off on Circle Star sale
May 05, 2014, 05:00 AM Daily Journal Staff Report

The county’s plan to auction off two office towers to the highest bidder later this month will move one step closer to reality Monday when the San Carlos Planning Commission is expected to agree that the sale conforms with its general plan.

One and Two Circle Star Way, known collectively as Circle Star Plaza, sits primarily in the city of San Carlos which is why any land decisions by the county must also be vetted by its officials. At Monday night’s Planning Commission meeting, city staff recommend the members adopt a resolution finding the sale of the four-story office buildings and the three-story parking garage, which sits partially in the city, conform to its city plan. If the commission does not, the county cannot dispose of the parcels.

The buildings, which were purchased for $40 million 2011 as a way to relocate departments and 911 dispatch, will be auctioned for a minimum sealed bid of $85.5 million at the May 20 Board of Supervisors meeting. After buying the buildings, the county’s space needs downsized and officials learned that making them seismically compliant would cost more than building an entirely new facility. Instead, the county leased first one and then both towers to SoftBank, a telecommunication and mobile company which owns a majority of Sprint Nextel. In 2013, county officials began mulling a sale.

The current use conforms to the San Carlos general plan’s blueprint for its industrial area and the sale does too because the guiding principle is to “provide for a vibrant, diverse and sustainable economy that provides a range of employment and generates sufficient revenue to maintain high quality city services,” according to the city staff report.

The San Carlos Planning Commission meets Monday, May 5 at City Hall, 600 Elm St., San Carlos.

 

 

Tags: carlos, commission, which, county, planning, officials,


Other stories from today:

 

 
Print this Page Print this Page  |  Bookmark and Share
<< Back
 
Return To Archives
 
  


 
 
 
Daily Journal Quick Poll
 
In one month, the stock market will be ...

Much lower
Lower
About the same
Higher
Much higher

 

 
San Mateo Community College District
 
 
 
Trump, Sanders victorious in New Hampshire primaries
MANCHESTER, N.H. — Republican Donald Trump and Democrat Bernie Sanders swept to victory in Tue..
Mavericks takes off Friday: Big wave surf contest confirmed in Half Moon Bay
It’s official — El Niño has provided and the Titans will descend.Organizers and forecasters wit..
California farmers reap record sales in record drought
FRESNO — A new state report shows California farmers reaping record sales despite the epic drought..
Obama sends Congress record $4.1 trillion 2017 spending plan
WASHINGTON — President Barack Obama sent Congress on Tuesday his eighth and final budget, proposin..
Intelligence chief: North Korea restarts plutonium reactor
WASHINGTON — North Korea has expanded a uranium enrichment facility and restarted a plutonium reac..
More >>  
 
 
  
 
  
 
©2016 San Mateo Daily Journal
San Mateo County name change notice