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HomeMy WebLinkAboutMINUTES - 09262000 - C86 Contra TO: REDEVELOPMENT AGENCY/BOARD OF SUPERVISOR COSta FROM: Phil Batchelor, Executive Director Courcy Dennis M. Barry, AICP, Director of Community Development DATE: September 26, 2000 SUBJECT: First Amendment to Oakley Redevelopment Tolling Agreement SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION RECOMMENDATIONS As the Board of Supervisors and the Governing Board of the Redevelopment Agency APPROVE and AUTHORIZE the Deputy Director-Redevelopment or his designee to enter into a First Amendment to Tolling Agreement with the City of Oakley, and the Oakley Redevelopment Agency regarding the transfer of the Oakley Redevelopment Project to the City. FISCAL IMPACT No general fund impact is anticipated. A purpose of the Tolling Agreement is to provide additional time to address general fund obligations. CONTINUED ON ATTACHMENT: X YES SIGNATURE: RECOMMENDATION OF EXECUTIVE DIRECTOR R bOMMENDTION OF A NCY COMMITTEE APPROVE OTHER SIGNATURE(S): ACTION OF AGENCY/ON St2tember 26, 2000 APPROVED AS RECOMMENDED X OTHER SUPERVISORS VOTE OF COMMISSIONERS/SUPERVISORS I HEREBY CERTIFY THAT THIS IS A ,Z_ UNANIMOUS (ABSENT none } TRUE AND CORRECT COPY OF AN AYES: NOES. ACTION TAKEN AND ENTERED ON THE ABSENT: ABSTAIN: MINUTES OF THE BOARD OF SUPERVISORS/AGENCY ON THE Contact: Jim Kennedy DATE SHOWN. 3-1255 cc: County Administrator ATTESTED September 26, 2000 County Counsel PHIL BATCHELOR, CLERK OF Auditor-Controller THE BOARD OF SUPERVISORS/ Via Redevelopment AGENC SECR ARY City of Oakley Goldfarb & Lipman BY , DEPUTY Myers Nave W: \Personal\BoardOrders\9.26.tollagreement BACKGROUND/REASONS FOR RECOMMENDATIONS On June 13, 2000 the Board and Agency approved entering into a Tolling Agreement with the City of Oakley regarding the transfer of the Redevelopment Agency to the City. The Tolling Agreement stayed the implementation of aspects of a Transfer Agreement to October 1, 2000 in order to finalize all transfer terms. An additional sixty days is needed to accomplish this task. An amendment providing for the additional time has been requested by the City. JK:ln J Wz \Personal\Board©rders\9. 26.tollagreement