san_luis_obispo_county_board_of_supervisors_minute.pdf
County Approves 20-Year Oceano Library Lease
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Description
The Board of Supervisors approved a retroactive 20-year lease agreement with the Lucia Mar Unified School District for the new Oceano Library at 1551 19th Street, at a nominal cost of $1 per year. The agreement runs from December 1, 2022 to November 30, 2042 and includes two optional five-year extensions.
Contract Details
Contract Amount
$1.00 a year
Vendor
LUCIA MAR UNIFIED SCHOOL DISTRICT
Agency
San Luis Obispo County, CA
Contract Type
FACILITIES
Document Date
November 4, 2025
Contract Term
December 1, 2022 through November 30, 2042, with two additional five-year options to extend
Renewal Date
2042-11-30
Renewal Info
Initial 20-year lease term from December 1, 2022 to November 30, 2042, with two additional five-year options to extend at the same nominal rent, exercisable by the parties.
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