City Council Agenda
Memo to:
Manteca City Council
From:
Vanessa Carrera, Interim Deputy Director of Economic Development
Date:
January 6, 2026
Subject:
Approve a Purchase and Sale Agreement with Steve Lewis for the acquisition of 103, 107, and 115 W. Yosemite Avenue (APNs 217-210-49, 217-210-48, and 217-210-47)
Recommendation:
title
Adopt a resolution approving a Purchase and Sale Agreement between the City of Manteca and Steve Lewis for the acquisition of 103, 107, and 115 W. Yosemite Avenue (APNs 217-210-49, 217-210-48, and 217-210-47); and approving a budget appropriation of $1,200,000 in the General Fund utilizing the General Fund Economic Development Reserve.
body
Background:
Earlier this year, the owner of the Manteca Bedquarters property expressed interest in selling the building and adjacent parking lot to the City of Manteca. The potential acquisition was introduced to the City Council in closed session, where the Council directed staff to negotiate purchase terms for the property as a catalyst for downtown revitalization. Following that direction, staff toured the building and entered into negotiations with the owner.
The City and Seller have reached agreement on a purchase price and key terms. This site presents a unique opportunity for the City of Manteca. Located at a primary gateway into Downtown and including a corner parking lot, the property is highly visible and well-positioned to anchor future activity. Built in 1913, the Manteca Bedquarters building, formerly known as the Independent Order of Odd Fellows (IOOF) building, is one of the City's most historic structures and holds both cultural and architectural significance.
Summary of the Purchase and Sale Agreement
The agreed purchase price for the property is $1,200,000. Within ten (10) business days of executing the agreement, the City will deposit $50,000 into escrow as a refundable deposit. The City will have a 90-day feasibility period to conduct due diligence, during whi...
Click here for full text