HomeMy WebLinkAboutMINUTES - 12112012 - C.83RECOMMENDATION(S):
APPROVE and AUTHORIZE the Director of the Department of Conservation and Development, or designee, to
execute the First Amendment to the Predevelopment Loan Agreement with Community Housing Development
Corporation of North Richmond for predevelopment activities for the Heritage Point Project, by extending the term
to agreement from the existing termination date of December 31, 2012 to December 31, 2013.
FISCAL IMPACT:
No General Funds will be used for this loan. The total loan amount of $131,700 is funded through reserves held by
the Successor Agency to the Contra Costa County Redevelopment Agency. This loan is an enforceable obligation
identified in the approved Recognized Obligation Payment Schedule of the Successor Agency. The loan is expected
to be rolled over into the permanent financing for the project's construction.
BACKGROUND:
On April 5, 2011, the former Contra Costa County Redevelopment Agency entered into a Predevelopment Loan
Agreement with Community Housing Development Corporation of North Richmond (CHDC) for Phase II of the
North Richmond Town Center Project. The Phase I was completed
APPROVE OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
Action of Board On: 12/11/2012 APPROVED AS RECOMMENDED OTHER
Clerks Notes:
VOTE OF SUPERVISORS
AYE:John Gioia, District I Supervisor
Candace Andersen, District II
Supervisor
Mary N. Piepho, District III
Supervisor
Karen Mitchoff, District IV
Supervisor
Federal D. Glover, District V
Supervisor
Contact: Maureen Toms,
674-7878
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: December 11, 2012
David Twa, County Administrator and Clerk of the Board of Supervisors
By: Carrie Del Bonta, Deputy
cc:
C. 83
To:Board of Supervisors
From:Catherine Kutsuris, Conservation & Development
Date:December 11, 2012
Contra
Costa
County
Subject:Amendment to Agreement with Community Housing Development Corporation of North Richmond
BACKGROUND: (CONT'D)
several years ago and includes the award winning Heritage Senior Apartments, North Richmond Health Center,
County Service Integration Team and streetscape improvements along Fred Jackson Way between Chesley
Avenue and Grove Street. Phase II is on the eastern side of Fred Jackson Way, directly across the street from
Phase I. It encompasses six parcels and is referred to as Heritage Point. The site is flat and, in March 2009, was
occupied by a mix of residential single & multi-family housing, blighted under-performing commercial outlets, a
vacant office/community building, and a vacant lot previously occupied by an auto body repair shop. The former
Redevelopment Agency acquired the parcels, demolished existing structures, and relocated affected residents.
Upon dissolution of the former Redevelopment Agency, the property and the Loan Agreement were transferred to
the County acting as the Housing Successor to the former Redevelopment Agency. Funding for the
Predevelopment Loan Agreement was transferred to the Successor Agency.
The purpose of the Predevelopment Loan Agreement is to: 1) fully define the project; 2) determine project
feasibility; 3) identify infrastructure needs; 4) perform studies to inform a project level environmental review
process; 5) initiate land use entitlement proceedings; and 6) designate CHDC as Master Developer. If a project is
feasible, this Agreement will provide market studies, project administration, conceptual site documents, design
concepts, land use applications, a financing plan, and input from the North Richmond community on what
residents would like to see incorporated into Heritage Point.
The term of this Predevelopment Agreement terminates on December 31, 2012. The Successor Agency must
extend the Agreement's term so that it remains an enforceable obligation of the Successor Agency.
CONSEQUENCE OF NEGATIVE ACTION:
Without an extension of the term of thePredevelopment Agreement, the Housing Successor (Contra Costa
County) would be unable to proceed with the development of Heritage Point and would not know its potential for
completing the North Richmond Town Center Project.
CHILDREN'S IMPACT STATEMENT:
Not Applicable
ATTACHMENTS
Predevelopment Agreement