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TO: BOARD OF SUPERVISORS, as the Board of Commissioners of Contra Costa County
Redevelopment Agency
FROM: PHIL BATCHELOR, EXECUTIVE DIRECTOR
DATE: August 28, 1990
SUBJECT: Amendment to Purchase Agreement - Hookston Station, Pleasant Hill Area
Project No.: 7891-6X5489
SPECIFIC REQUEST(S) OR RECOMMENDATIONS) &BACKGROUND AND JUSTIFICATION
I. Recommended Action:
APPROVE Amendment to Purchase Agreement with John V. Hook, Trustee, et al. (Grantor) and
AUTHORIZE Redevelopment Director or his assignee to execute said Amendment on behalf of
the Agency.
11. Financial Impact:
According to the terms of the original Purchase Agreement for the Hookston Station property,
approved by the Board on June 20, 1989, $200,000 of the sales price was to be held in escrow
until July 31, 1990. Approval of this Amendment will extend that deadline to January 31, 1991,
so that certain conditions can be met.
111. Reasons for Recommendations and Background:
An investigation by Harding Lawson Associates has confirmed the presence of hazardous
materials on the site. If the Amendment is approved, the Agency's $200,000 will continue to be
held in escrow pending remediation of hazardous materials on the site. In addition, the Grantors
will be granted additional time to eliminate a utility easement on the property.
IV. Consequences of Negative Action:
Failure to approve the amendment will result in the release of funds to a Grantors before
remediation occurs.
Continued on Attachment: SIGNATURE:
_ RECOMMENDATION OF COUNTY ADMINISTRATOR
_ RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON August 28, 1990 APPROV AS RECOMMENDED�_ OTHER _
VOTE OF SUPERVISORS
X UNANIMOUS (ABSENT III , IV )
AYES: NOES:
ABSENT: ABSTAIN:
1 hereby certify that this la a true and correct copyof
NW:rs an action taken and entered on the minutes of the
c:BOb28.t8 Redevelopme gency on the date shown.
Ori Div: Public Works R/P ATTESTED: o? l q b
Orig. ( ) PHI Cti=LOR,AgencySecretary
cc: County Administrator
Auditor-Controller (via R/P) By fJA, Deputy
Public Works Accounting
Real Property
r
Parcel Number: 148-360-027 Grantor: John V. Hook, et al.
Project Name: Hookston Station Address: Mayhew Way
Project Number: 7891-6X5489 Pleasant Hill, CA 94402
AMENDMENT,TO PURCHASE AGREEMENT
1. Effective Date and Parties. Effective on , 1990,
Contra Costa County, (herein called "County"), a political subdivision of the State
of California, and the undersigned, (herein called "Grantor"), mutually agree as
follows:
2. Purpose. The parties desire to amend that contract they entered into, effective
June 30, 1989, entitled, "PURCHASE AGREEMENT'.
3. Amendment. Said Purchase Agreement is hereby amended as follows:
The second sentence in Paragraph 9,"Relocation of Water District Easement,"shall
be deleted and replaced by the following: "If Sellers are unable to eliminate that
easement by January 31, 1991, then the purchase price for the property shall be
reduced by $75,000 and Sellers shall repay that amount to the County promptly
following that deadline."
The fifth sentence in Paragraph 11, "Funds Held in Escrow," shall be deleted and
replaced by the following: "If any amount held by the Escrowholder has not been
paid to the County by January 31, 1991, the Escrowholder shall pay that amount
to Sellers."
4. Effect. Except for the amendment agreed to herein, said Right of Way Contract
remains in full force and effect.
S. Consideration. The extension of deadlines shall be mutually beneficial. The
Sellers shall be granted additional time to eliminate the Water District's easement.
The County's funds will continue to be held in escrow pending remediation of
hazardous materials on the property.
IN WITNESS WHEREOF, the parties have executed this agreement this day of
1990.
COUNTY OF CONTRA COSTA GRANTOR
James Kennedy, Redevelopment Director John V. Hook, Sole Surviving Trustee of The
Geneva B.Hook Trust U/D 4-11-75,As Amended
i 10-26-82
Samuel P.Yooting
S. Eliza oung
Danle C. Helix
Ma Lou lix
John V. Hook, as Co-Trustee Under the Will of
Mildred A. Hook, Deceased
-a
Steven Pucell, as Co-Trust6e Under the Will of
Mildred A. Hook, Deceased
John V. Hook
Wre
c:AG5h.16
June 4, 1990