HomeMy WebLinkAboutMINUTES - 09251990 - 1.73 1, 23
TO: BOARD OF SUPERVISORS
FRLM: Harvey E. Bragdon '�� ��� Ccntra
Director of Cartmunity Development (,,,s}
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DATE: September 25, 1990
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SUB=: Financial Participation Agreement with
Contra Costa County Redevelopment Agency
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Approve Financial Participation Agreement with the Contra Costa
County Redevelopment Agency (Oakley Project. Area) for Highway 4
Improvements; and authorize the 'Director of Public Works or his
designee to execute said agreement.
FISCAL IMPACT
No General Funds are involved. County will pay for, `
.the '
improvements specified in the attached agreement with". the.
Oakley/North Brentwood Area of Benefit (AOB) funds. The; Agency ` _'
will reimburse the AOB funds following completion of " _the ;
improvements when sufficient tax increments are available, as
provided in the agreement.
BACKGROUND/REASONS FOR RECOMMENDATIONS
The Contra Costa County Board of Supervisors adopted a
Redevelopment Plan for Oakley on December 21, 1989 . The Plan calls
for public improvements in the Project Area, including improvements
to Highway 4. The Public Works Department is in the process of
designing Highway 4 improvements that will be of benefit to the
Oakley Redevelopment Project Area. The Agency desires to
participate in the financing of these improvements. Current tax
increments are insufficient for the Agency to fund these
improvements at this time. The improvements to be funded are in
the Oakley/North Brentwood Area of Benefit and are authorized
improvements under the Oakley/North Brentwood Area of Benefit -Plan'.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
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RECOMMENDATION OF COUNTY ADMINISTRATOR RECO14MENDATI7
F BOA7 COMMITT�
APPROVE OTHER
SIGNATURE(S)
ACTION OF BOARD ON SIE 2 TW APPROVED AS RECOMMENDED _� OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT ;THIS IS A
UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE BOARD OF
SUPERVISORS ON THE DATE SHOWN.
cc: Community Development ATTESTED SEP 2 5 1990
County Administrator PHIL BATCHELOR, CLERK OF
Auditor-Controller THE BOARD OF SUPERVISORS
County Counsel AND COUNTY ADMINISTRATOR
BY , DEPUTY
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sra8:A:9-25-90.bs1