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HomeMy WebLinkAboutMINUTES - 11191991 - 1.107 rev. ' r • o TO: REDEVELOPMENT AGENCY . Contra ' Costa FROM: Phil Batchelor Executive DirectorCJ�'�" "1 o Sri a DATE: November 19, 1991 SUBJECT: Purchase Agreement - 1334 Las Juntas, Pleasant Hill BART Station Area (Deubner) SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION RECOMMENDATIONS APPROVE Right of Way Contract and ACCEPT Grant Deed dated November 12, 1991 from Julius Deubner and authorize the Redevelopment Director or his Designee to execute said agreement on behalf of the Agency. FISCAL IMPACT The Contract provides for the Agency to acquire the above referenced property for the sales price of $466, 662 . The Agency has sufficient funds in its low and moderate income housing set-aside accounts to cover the acquisition costs. BACKGROUND/REASONS FOR RECOMMENDATIONS, The subject property is part of development Area 4 in the Pleasant Hill BART Station Area. This development area was originally to be developed by a partnership of Glenfed Development Corp. and Desco Investment. That partnership was unable to perform and will not be pursuing development on this site. The subject property is immediately adjacent to the child care center being developed as part of the Park Regency Project. The approved development plan for the residential project on Area 4 required the provision of an easement on what is currently the Deubner prop rty. CONTINUED ON ATTACHMENT: X YES SIGNATURE: RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMEN BION OF 7NcY COMMI TEE APPROVE OTHER SIGNATURE(S) : ACTION OF AGENCY ON November 19, 1991 APPROVED AS RECOMMENDED OTHER VOTE OF COMMISSIONERS I HEREBY CERTIFY THAT THIS IS A X UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN AYES: NOES: ACTION TAKEN AND ENTERED ON THE ABSENT: ABSTAIN: MINUTES OF THE REDEVELOPMENT AGENCY ON THE DATE SHOWN. cc: Community Development Redevelopment Agency . ATTESTED November 19, 1991 Public Works-Real Property PHIL BATCHELOR, Auditor-Controller AGENCY SECRETARY (via Real Property) Public Works-Accounting SRA19/deubner.bos BY AAAJ 0 , DEPUTY This easement would be provided so that the child care center could secure additional outdoor space and therefore meet state licensing requirements for a child care center with a capacity of 92 . Without the easement, the child care center capacity would be approximately 60, which is not an economic viable size. The developer of the child care project is prepared to move forward with their design plans. They need to be guaranteed that the easement is going to be available to them. With the Agency purchasing this property, the Agency can provide said easement as part of subsequent agreements with the child care operator.