PPH's ERTC Purchase Options & Agreements - $34.6 Million for ERTC Properties
The Escondido Research and Technology Center (ERTC) site will cost Palomar Pomerado Health (PPH) district exactly $1 million per net pad acre. The total price for the ERTC would be about $35 million dollars.
On February 11, 2005, PPH and JRM-ERTC entered into a purchase option agreement for 6.6 gross acres / 6.56 net acres (Parcels 30, 31 and 32) of the ERTC for a purchase price of $6.56 million. The option, which expired on March 16, 2005, was execised by PPH. For a copy of the option agreement, see:
http://civics.robroy.cc/ERTCopt1.PDF (1.5 MB)
On March 18, 2005, PPH and JRM-ERTC entered into an additional purchase option agreement for 49.65 gross acres / 28.08 net acres (Parcels 27-29 and 33-36) of the ERTC for a purchase price of $28.08 million. This additional purchase option expires at 5 pm PDT on August 31, 2005. For a copy of the additional option agreement, see:
http://civics.robroy.cc/ERTCopt2.PDF (1.4 MB)
(For some reason PPH redacted a couple of paragraphs in each agreement because "the public interest served by not disclosing those sections clearly outweighs the public interest served by disclosure of those sections". See:
http://civics.robroy.cc/PPHpreq1.PDF (294 KB)
http://civics.robroy.cc/PPHpreq2.PDF (108 KB)
Time will tell.)
If PPH exercises the additional purchase option, the total purchase price for the large pad area (about 35 acres) in the ERTC will be about $34.6 million. PPH is really excited about this location. It believes that it can purchase this large pad area for a lower price than other sites and can avoid the use of eminent domain.
But hold on.
A hospital is considered a "sensitive receptor" under the California Environmental Quality Act (CEQA). The Environment Impact Report (EIR) for the ERTC never considered placing a sensitive receptor in the ERTC. The ERTC's EIR is available in the Escondido Public Library. Further, the EIR for Sempra's Palomar Energy Project, the 546 Megawatt electric power plant in the ERTC, never considered having a hospital as a nearby neighbor. See:
http://www.energy.ca.gov/sitingcases/palomar/
Particularly, see:
http://www.energy.ca.gov/sitingcases/palomar/documents/
2003-08-08_FINAL_DECISION.PDF (1.2 MB)
If PPH decides to locate in the ERTC, the City of Escondido would need to update the EIR for the ERTC and the California Energy Commission would need to reconsider its decision approving the Palomar Energy Project to include the environmental effects of the electric power plant on the PPH hospital.
On February 11, 2005, PPH and JRM-ERTC entered into a purchase option agreement for 6.6 gross acres / 6.56 net acres (Parcels 30, 31 and 32) of the ERTC for a purchase price of $6.56 million. The option, which expired on March 16, 2005, was execised by PPH. For a copy of the option agreement, see:
http://civics.robroy.cc/ERTCopt1.PDF (1.5 MB)
On March 18, 2005, PPH and JRM-ERTC entered into an additional purchase option agreement for 49.65 gross acres / 28.08 net acres (Parcels 27-29 and 33-36) of the ERTC for a purchase price of $28.08 million. This additional purchase option expires at 5 pm PDT on August 31, 2005. For a copy of the additional option agreement, see:
http://civics.robroy.cc/ERTCopt2.PDF (1.4 MB)
(For some reason PPH redacted a couple of paragraphs in each agreement because "the public interest served by not disclosing those sections clearly outweighs the public interest served by disclosure of those sections". See:
http://civics.robroy.cc/PPHpreq1.PDF (294 KB)
http://civics.robroy.cc/PPHpreq2.PDF (108 KB)
Time will tell.)
If PPH exercises the additional purchase option, the total purchase price for the large pad area (about 35 acres) in the ERTC will be about $34.6 million. PPH is really excited about this location. It believes that it can purchase this large pad area for a lower price than other sites and can avoid the use of eminent domain.
But hold on.
A hospital is considered a "sensitive receptor" under the California Environmental Quality Act (CEQA). The Environment Impact Report (EIR) for the ERTC never considered placing a sensitive receptor in the ERTC. The ERTC's EIR is available in the Escondido Public Library. Further, the EIR for Sempra's Palomar Energy Project, the 546 Megawatt electric power plant in the ERTC, never considered having a hospital as a nearby neighbor. See:
http://www.energy.ca.gov/sitingcases/palomar/
Particularly, see:
http://www.energy.ca.gov/sitingcases/palomar/documents/
2003-08-08_FINAL_DECISION.PDF (1.2 MB)
If PPH decides to locate in the ERTC, the City of Escondido would need to update the EIR for the ERTC and the California Energy Commission would need to reconsider its decision approving the Palomar Energy Project to include the environmental effects of the electric power plant on the PPH hospital.
posted by Robroy at 12:21 PM
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