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HomeMy WebLinkAboutMINUTES - 02022010 - C.60RECOMMENDATION(S): APPROVE and AUTHORIZE the Redevelopment Director to execute a contract with Keyser Marston Associates, Inc., effective December 31, 2009 to December 31, 2011, in the amount of $60,000, for Financial/Real Estate Consulting Services related to the developer selection/property disposition process for 1250 Las Juntas Way, Contra Costa Centre area. FISCAL IMPACT: The Agency has budgeted funds to cover contract costs. BACKGROUND: The Consultant has been retained to assist the Agency in the review of responses to the proposal phase of the solicitation process for the 1250 Las Juntas Way Project in the Contra Costa Centre area. Services will include (1) assist in DDA negotiations and review documentation and (2) prepare 33433 report and reuse valuation. Initial efforts by the Agency identified a preferred developer, however they were unable to perform given deteriorating conditions in the housing markets. The additional contract authority and time will permit the Agency to undertake a subsequent APPROVE OTHER RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE Action of Board On: 02/02/2010 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: Branda Kain(925) 335-7200 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: February 2, 2010 David J. Twa, County Administrator and Clerk of the Board of Supervisors By: June McHuen, Deputy cc: C.60 To: From:Jim Kennedy, County Redevelopment Director Date:February 2, 2010 Contra Costa County Subject:Financial/Real Estate Consulting for the Las Juntas Project BACKGROUND: (CONT'D) developer identification process when housing market conditions permit. Special Conditions are included in the contract whereby Paragraph 18 of the General Conditions, "Indemnification", is deleted and replaced with an additional Indemnification Clause that has been approved by County Counsel. ATTACHMENTS Keyser Marston Contract 1-09