Cayucos Sanitary District Special Meeting Agenda March 26 2026
Wastewater Plant Site Sold to Morro Bay by Cayucos Sanitary District
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Description
The Cayucos Sanitary District approved a Purchase and Sale Agreement with the City of Morro Bay to sell its 40% ownership share of the jointly-owned Wastewater Treatment Plant site and related assets for $3,867,800, with a 90-day escrow/due diligence period. The agreement covers land, trunk main interests, plant equipment, and ocean outfall shares.
Contract Details
Contract Amount
$3,867,800
Vendor
CITY OF MORRO BAY
Agency
Cayucos Sanitary District, CA
Contract Type
OTHER
Document Date
March 26, 2026
Contract Term
Escrow period: 90 days for due diligence; Sale completion after escrow close (date not explicitly specified, anticipated post March 26, 2026)
Renewal Date
2026-06-24
Renewal Info
No renewal; this is a one-time sale and transfer of property assets. Escrow is expected to close following a 90-day due diligence period post-approval. Joint Powers Agreement will terminate upon close of escrow.
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Cayucos Sanitary District Board Meeting Agenda Packet May 2026
APPROVEDCayucos Sanitary District Special Meeting Minutes 2026-03-26
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APPROVEDCayucos Sanitary District City of Morro Bay Purchase and Sale Agreement Jan 2026
APPROVEDCayucos Sanitary District City of Morro Bay Purchase and Sale Agreement Jan 2026
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