HomeMy WebLinkAboutMINUTES - 02281989 - T.6 T. 64LO
THE REDEVELOPMENT AGENCY OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Order on February 28, 1989, by the following
vote:
AYES: Commissioners Powers, Fanden, McPeak and Torlakson
NOES: None
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ABSENT: Commissioner Schroder
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ABSTAIN: None ,!
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Resolution No. RA 89-3
SUBJECT: Approval of a Disposition and Development Agreement
(DDA) between the Contra Costa County Redevelopment
Agency "Agency" ) and A.T.A.P. International, Inc.
( "Developer" ) in the North Richmond Redevelopment
Project Area ( "Project Area" ) .
It is the intent of the Agency to enter into a DDA with
Developer as 1 the designated developer of seven (7 ) single
family detached homes in the Project Area. The purpose of the
DDA is to provide for:
1. The conveyance of Agency owned-property to the
Developer.
I
2 . The construction by Developer of seven single family
detached homes.
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3 . The sale of the homes to lower income households.
4 . The participation of the Agency in the sale of the
homes by providing a subsidy in the form of a
deferred payment second mortgage.
In accordance with California Community Redevelopment Law
(Health and Safety Code Section 33433) the Agency has prepared
a Summary Report on the DDA; the Summary Report and the DDA
have been made available for public inspection; and the Agency
and Board of Supervisors have held a duly noticed public
hearing to consider the DDA.
The DDA is in the best interest of the County and the Agency,
and is necessary for implementation of the North Richmond
Redevelopment Plan.
The Board of Supervisors and the Agency find that the purchase
price of property interest to be conveyed to Developer pursuant
to the DDA is not less than the fair market value of such
interest determined at the highest and best use permitted under
the Redevelopment Plan.
Therefore, thei, Redevelopment Agency hereby resolves:
i
That certain Disposition and Development Agreement between the
Redevelopment Agency and A.T.A.P. International, Inc. on file
with the Clerk of the Board of Supervisors in the North
Richmond Redevelopment Project Area is hereby approved and the
Agency' s Executive Director or his designee is hereby
authorized to execute the Agreement.
i
I hereby certify that this is a true and correct copy of
an action taken and entered on the minutes of the
Redevelopment gency on the date shown.
cc: Community Development ment ATTESTED:
PHIL BATCHELO ,Age cy Secretary
Auditor-Controller
County Counsel
A.T.A.P. International, Inc. and By . OAA- UDeputy
Goldfarb & ,Lipman (via RDA)
i
Resolution No. RA 89-3
gr9/jb/2-28-89 .1ra
T. 6
THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Order on February 28, 1989, by the following
vote:
AYES: Supervisors Powers, Fanden, McPeak and Torlakson
NOES: None !l
ABSENT: Supervisor Schroder
ABSTAIN: None
Resolution No. 89/135
SUBJECT: Approval of a Disposition and Development Agreement
(DDA) between the Contra Costa County Redevelopment
Agency ( "Agency" ) and A.T.A.P. International, Inc.
( "Developer" ) in the North Richmond Redevelopment
Project Area ( "Project Area" ) .
It is the intent of the Agency to enter into a DDA with
Developer as1the designated developer of seven (7 ) single
family detached homes in the Project Area. The purpose of the
DDA is to provide for:
I
1. The conveyance of Agency owned property to the
Developer.
2. The construction by Developer of seven single family
detached homes.
3 . The sale of the homes to lower income households.
4. The participation of the Agency in the sale of the
homes by providing a subsidy in the form of a
deferred payment second mortgage.
In accordance with California Community Redevelopment Law
(Health and Safety Code Section 33433) the Agency has prepared
a Summary Report on the DDA; the Summary Report and the DDA
have been made available for public inspection; and the Agency
and Board of , Supervisors have held a duly noticed public
hearing to consider the DDA.
The DDA is in I the best interest of the County and the Agency,
and is necessary for implementation of the North Richmond
Redevelopment Plan.
The Board and 'Agency find that the purchase price of property
interest to be conveyed to Developer pursuant to the DDA is not
less than the fair market value of such interest determined at
the highest and best use permitted under the Redevelopment
Plan.
Therefore, the Board of Supervisors hereby resolves:
That certain Disposition and Development Agreement between the
Redevelopment Agency and A.T.A.P. International, Inc. on file
with the Clerk of the Board of Supervisors in the North
Richmond Redevelopment Project Area is hereby approved and the
Agency' s Executive Director or his designee is hereby
authorized to execute the Agreement.
i hereby certify that this is a true and correct copy of
an action taken and entered on the minutes of the
Board of Supero sors on the date shown.
cc: Community Development ATTESTED: 41 A at 1�(
PHIL BATCHELOR Clerkof the Boards
Auditor-Controller of Supervisors and County Administrator
County Counsel
A.T.A.P. International, Inc. and
Goldfarb & Lipman (via RDA) By AOM
Deputy
Resolution No. 89/135
gr9/jb/2-28-89.Irao