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HomeMy WebLinkAboutMINUTES - 12151992 - H.6 dr r ... _ Contra Costa TO: BOARD OF SUPERVISORS/REDEVELOPMENT AGENCY FROM: PHIL BATCHELOR �a r�'coiiA 'J County EXECUTIVE DIRECTOR DATE: December 15, 1992 SUBJECT: Joint Public Hearing Regarding Amendment to DDA with Park Regency Partners, a California limited partnership SPECIFIC REQUEST(S) OR RECOMMENDATIONS (S) & BACKGROUND AND JUSTIFICATION RECOMMENDATIONS A. Action of Contra Costa County 1. Hold a joint public hearing with the Contra Costa County Redevelopment Agency to consider certain provisions of a Second Amendment to Disposition and Development Agreement between the Agency and Park Regency Partners, a California limited partnership, as developer of Specific Plan Development Area 3 in the Pleasant Hill BART Station Area Redevelopment Project. 2 . Adopt a Resolution of the Board of Supervisors approving the Second Amendment. B. Action of the Redevelopment Agency 1. Hold a joint public hearing with the Contra Costa County Board of Supervisors on the subject Second Amendment. 2 . Adopt a Resolution of the Redevelopment Agency approving and authorizing the Executive Director or his designee to execute said Amendment in substantially the form on file with the Secretary of the Agency and such other documents as may be reasonably necessary to carry out its terms and provisions. CONTINUED ON ATTACHMENT: X YES SIGNATURE: RECOMMENDATION OF COUNTY ADMINISTRATOR RE ENDATION OF BOARD C ITTEE APPROVE OTHER . SIGNATURE(S) : ACTION OF ABGOARD ON December 15 , 1992 APPROVED AS RECOMMENDED X OTHER This is the time heretofore noticed for hearing on the above matter . The public hearing was opened and no one appearing to testify., the hearing was closed and Resolutions No. 92/843 and RA 92-11 are ADOPTED. VOTE OF SUPERVISORS/COMMISSIONERS I HEREBY CERTIFY THAT THIS IS A X UNANIMOUS (ABSENT TT , IV ) TRUE AND CORRECT COPY OF AN AYES: NOES: ACTION TAKEN AND ENTERED ON THE ABSENT: ABSTAIN: MINUTES OF THE- BOARD OF SUPERVISORS ON THE DATE SHOWN. Jim Kennedy/6-4076 cc: Community Development Redevelopment Director ATTESTED December 15 , 1992 CAO PHIL BATCHELOR, CLERK OF Auditor-Controller THE BOARD OF SUPERVISORS County Counsel AN COUNTY ADMINISTRATOR Park Regency Partners sra6/parkreg3.bos BY , DEPUTY FISCAL IMPACT See attached summary report. BACKGROUND/REASONS FOR RECOMMENDATIONS Pursuant to requirements of California Redevelopment Law, a Summary Report on the First Amendment was prepared which briefly outlines the provisions of the First Amendment. Copies of the Summary Report and the subject Amendment have been placed on file with the Clerk of the Board/Secretary of the Agency for public review. 0 r 'bl THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Order on December 15 , 1992 by the following vote: AYES: Supervisors Powers , Torlakson and Schroder NOES: None ABSENT: Supervisors Fanden and McPeak ABSTAIN: None RESOLUTION NO. 92/843 SUBJECT: Approval of certain provisions of a Second Amendment to DDA between the Redevelopment Agency and Park Regency Partners, a California limited partnership, Pleasant Hill BART Station Area Redevelopment Project Area. On May 23 , 1989, the Redevelopment Agency entered into a Disposition and Development Agreement (DDA) with Pleasant Hill Development, a California General Partnership, as the designated developer of Specific Plan Development Area 3 in the Pleasant Hill BART Station Area Redevelopment Project. Pleasant Hill Development assigned its interest in the DDA to GBW Properties. On August 1, 1989 the Agency and GBW Properties entered into a First Amendment to DDA. On November 20, 1991, GBW Properties assigned, and the Agency approved, the transfer of the DDA to Park Regency Partners. On November 24, 1992, the Redevelopment Agency approved a Second Amendment to the DDA. That Second Amendment provided that certain provisions of the Second Amendment, namely Paragraph 7 adding Section 3 . 11 to the DDA would not be effective until approved by the Agency and the Board of Supervisors after public hearings. Section 3 . 11 contains agreements between the Agency and Park Regency Partners for payment of certain costs incurred by the Agency pursuant to the DDA in connection with acquisition of portions of the property that is the subject of the DDA. The Agency and the Board of Supervisors have held a duly noticed public hearing regarding Paragraph 7 of the Second Amendment and the entire text of the Second Amendment and a summary relating thereto have been available to the public since notice of the public hearing was first published. The Redevelopment Agency and the Board of Supervisors find that the Second Amendment to DDA is in the best interest of the County and the Agency, is necessary for implementation of the Pleasant Hill BART Station Area Redevelopment Plan, and provides for acquisition of the property subject to the DDA for a price that is equal to or greater than the value of that property in accordance with the covenants and conditions set forth in the DDA. Therefore, the Board of Supervisors RESOLVES: 1. Paragraph 7 of that certain Second Amendment to Disposition and Development Agreement between the Agency and Park Regency Partners, a California partnership, on file with the Clerk of the Board of Supervisors affecting Specific Plan Development Area 3 in the Pleasant Hill BART Station Area Development Project, is hereby approved in substantially the form presented. 2 . That, as set forth in the Second Amendment, approval of Paragraph 7 by Resolution of the Agency and Board puts into effect the provisions of said Paragraph 7 and that Executive Director or his designee is authorized to execute such other documents as may be reasonably necessary to carry out the terms and provisions of the Second Amendment and Paragraph 7 thereof in particular. I :vereby 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. RESOLUTION NO. ATTESTED: December 15 , 1992 92/843 PHIL BATCHELOR,Clerk of the Board sra6/parkreg2.res =CoyntyAdministrator a BY Denuty 14, �C THE REDEVELOPMENT AGENCY OF CONTRA COSTA COUNTY; CALIFORNIA Adopted this Order on December 15 , 1992 by the following vote: AYES: COMMISSIONERS Powers, Torlakson and Schroder NOES: None ABSENT: COMMISSIONERS Fanden and McPeak ABSTAIN: None RESOLUTION NO. RA 92-11 SUBJECT: Approval of certain provisions of a Second Amendment to DDA between the Redevelopment Agency and Park Regency Partners, a California limited partnership, Pleasant Hill BART Station Area Redevelopment Project Area. On May 23 , 1989, the Redevelopment Agency entered into a Disposition and Development Agreement (DDA) with Pleasant Hill Development, a California General Partnership, as the designated developer of Specific Plan Development Area 3 in the Pleasant Hill BART Station Area Redevelopment Project. Pleasant Hill Development assigned its interest in the DDA to GBW Properties. On August 1, 1989 the Agency and GBW Properties entered into a First Amendment to DDA. On November 20, 1991, GBW Properties assigned, and the Agency approved, the transfer of the DDA to Park Regency Partners. On November 24, 1992 , the Redevelopment Agency approved a Second Amendment to the DDA. That Second Amendment provided that certain provisions of the Second Amendment, namely Paragraph 7 adding Section 3 . 11 to the DDA would not be effective until approved by the Agency and the Board of Supervisors after public hearings. Section 3 . 11 contains agreements between the Agency and Park Regency Partners for payment of certain costs incurred by the Agency pursuant to the DDA in connection with acquisition of portions of the property that is the subject of the DDA. The Agency and the Board of Supervisors have held a duly noticed public hearing regarding Paragraph 7 of the Second Amendment and the entire text of the Second Amendment and a summary relating thereto have been available to the public since notice of the public hearing was first published. The Redevelopment Agency and the Board of Supervisors find that the Second Amendment to DDA is in the best interest of the County and -the Agency, is necessary for implementation of the Pleasant Hill BART Station Area Redevelopment Plan, and provides for acquisition of the property subject to the DDA for a price that is equal to or greater than the value of that property in accordance with the covenants and conditions set forth in the DDA. Therefore, the Redevelopment Agency RESOLVES: 1. Paragraph 7 of that certain Second Amendment to Disposition and Development Agreement between the Agency and Park Regency Partners, a California partnership, on file with the Clerk of the Board of Supervisors affecting Specific Plan Development Area 3 in the Pleasant Hill BART Station Area Development Project, is hereby approved in substantially the form presented. 2 . That, . as set forth in the Second Amendment, approval of Paragraph 7 by Resolution of the Agency and Board puts into effect the provisions of said Paragraph 7 and that Executive Director or his designee is authorized to execute such other documents as may be reasonably necessary to carry out the terms and provisions of the Second Amendment and Paragraph 7 thereof in particular. I hereby certify that thia i.3 a t.-ue and correct copy of an action taken and entered on the minutes of the Redevelopment Agency on the date shown. ATTESTED: December 15 , 1992 RESOLUTION NO. PHI ATCHs= O ,Agency Secretary RA 92-11 sra&parkreglres sr d Dept