HomeMy WebLinkAboutMINUTES - 11241992 - 1.51 S/
THE REDEVELOPMENT AGENCY OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Order on November 24 , 1992 by the following vote:
AYES: Commissioners Powers , Schroder , Torlakson and McPeak
NOES: None
ABSENT: Commissioner Fanden
ABSTAIN: None
RESOLUTION NO. RA 92-10
SUBJECT: Approval 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.
It is the intent of the Redevelopment Agency to enter into a Second
Amendment to Disposition and Development Agreement. The purpose of
the Second Amendment is to: (1) make certain conforming and
cleanup changes necessary to secure permanent financing on the
development; (2) to provide for GBW Properties a continuing
obligation to construct a child care center should Kids Wonderland
fail to do so; and (3) to provide for Park Regency Partners payment
of certain unreimbursed acquisition costs.
The Redevelopment Agency and the Board of Supervisors finds that
the Second Amendment to DDA is in the best interest of the County
and the Agency, and is necessary for implementation of the Pleasant
Hill BART Station Area Redevelopment Plan.
Therefore, the Redevelopment Agency RESOLVES:
1. That certain Second Amendment to Disposition and Development
Agreement between the Agency and Park Regency Partners, A
California limited 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 Executive Director or his designee is authorized to make
such minor revisions in the Second Amendment to DDA as he may
deem necessary and to execute the Second Amendment to DDA in
substantially the form as before the Agency and the Board this
day, and such other documents as may be reasonably necessary
to carry out its terms and provisions .
cc : Redevelopment-J.Kennedy
Community Development Ihereby certify that t"Misat-ueand correct copy of
County Administrator an action taken and entered on the minutes of the
county Counsel Redevelopment Agency o the date shown.
GBW Properties ATTESTED: �4�kj,-. -
hALd .
'^Pc �iG _CR, gencySecretary
sra&par".res
LO
By I Al . Deputy
Resolution No . RA 92-10