Chapman Estate Transfer Recommended for Foundation Approval | City of Pismo Beach | CHAPMAN ESTATE FOUNDATION

Scope & details

The full contract record, as filed.

Contract amount

Purchase price of $1.00; $3,000 deposit; $200,000 from City insurance proceeds for Gull Cottage; reimbursement of $1.66 million in prior capital improvements, adjusted annually by CPI and payable upon future sale or transfer

Contract type

OTHER

Contract term

Twenty-five (25) years from the Effective Date; escrow closing on or before September 30, 2026

Renewal

The agreement has a fixed 25-year term from its Effective Date and does not state renewal or extension options. The Foundation's obligations to maintain the property, operate it consistently with preservation and public-access requirements, and reimburse prior City capital investments survive or run with the property as specified in the agreement.

Document type

StaffReport

Source document

City of Pismo Beach Staff Report Transfer of Chapman Estate Real Property to Chapman Estate Foundation 2026-09-15

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Pismo Beach?

Chapman Estate Foundation was awarded this government contract by City of Pismo Beach, as recorded on September 15, 2026. The contract value is Purchase price of $1.00; $3,000 deposit; $200,000 from City insurance proceeds for Gull Cottage; reimbursement of $1.66 million in prior capital improvements, adjusted annually by CPI and payable upon future sale or transfer.

How much is the Chapman Estate Foundation contract with City of Pismo Beach worth?

The Chapman Estate Foundation contract with City of Pismo Beach is valued at Purchase price of $1.00; $3,000 deposit; $200,000 from City insurance proceeds for Gull Cottage; reimbursement of $1.66 million in prior capital improvements, adjusted annually by CPI and payable upon future sale or transfer.

What type of contract is this?

This is a government contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in City of Pismo Beach Staff Report Transfer of Chapman Estate Real Property to Chapman Estate Foundation 2026-09-15 (StaffReport), dated September 15, 2026 from City of Pismo Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Chapman Estate Foundation hold?

Chapman Estate Foundation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Chapman Estate Foundation's profile

What is City of Pismo Beach currently buying?

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