HomeMy WebLinkAboutMINUTES - 11102009 - C.70RECOMMENDATION(S):
APPROVE and AUTHORIZE the Redevelopment Director to execute a Second
Amendment to the Agency Assistance Agreement between the Contra Costa County
Redevelopment Agency and Pleasant Hill Transit Village Associates, LLC for
implementation of the Transit Village Program at Contra Costa Centre.
FISCAL IMPACT:
No General Funds are involved. Redevelopment Agency funds have been budgeted for this
purpose
BACKGROUND:
The Second Amendment to the Agency Assistance Agreement (the “Second Amendment”)
involves the plan of finance for the Transit Village Program at Contra Costa Centre. The
Second Amendment accomplishes the following:
1. BART Parking Garage – Completion of the BART patron parking structure resulted in
costs exceeding previous estimates. The Second Amendment provides for the Agency to
cover the initial $400,000 of cost increase with the Developer covering costs thereafter. The
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 11/10/2009 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:John Gioia, District I
Supervisor
Gayle B. Uilkema, District II
Supervisor
Mary N. Piepho, District III
Supervisor
Susan A. Bonilla, District IV
Supervisor
Federal D. Glover, District V
Supervisor
Contact: Jimj Kennedy,
335-7225
I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board
of Supervisors on the date shown.
ATTESTED: November 10, 2009
David J. Twa, County Administrator and Clerk of the Board of Supervisors
By: June McHuen, Deputy
cc:
C.70
To:
From:Jim Kennedy, County Redevelopment Director
Date:November 10, 2009
Contra
Costa
County
Subject:BART Transit Village Agency Assistance Agreement – Second Amendment
recommended
BACKGROUND: (CONT'D)
action reprograms redevelopment funds previously designated for Placemaking
Infrastructure (see Item 3 below);
2. 1250 Las Juntas Parking Lot Demolition – The BART patron temporary parking facility
at 1250 Las juntas Way was removed by the Developer when the new BART patron
parking structure was placed in service in July, 2008. The Second Amendment provides for
the Agency to reimburse the Developer for the demolition costs not to exceed $175,000.
The demolition of the parking lot improvements are a predevelopment cost for the future
mixed-income housing project to be built on the site.
3. Placemaking Infrastructure – The Second Amendment reduces the cost of Placemaking
infrastructure (parks, plazas, street furniture, upgraded pavers, etc.) by $400,000 from $7.6
million to $7.2 million to reflect current cost estimates. The Second Amendment also
provides for the Agency to fund up to $2.75 million for additional public benefit projects
such as the civic use, a bicycle station, and visual enhancements to the BART station façade.