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TO: REDEVELOPMENT AGENCY ' �
�7 Costa
FROM: Phil Batchelor s County
.. r c urs
Executive Director
DATE: December 13, 1994
SUBJECT: Area 4 - Pleasant Hill BART Station
SPECIFIC REQUEST(S) �OR RECOMMENDATIONS (S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
APPROVE and AUTHORIZE the Deputy Director - Redevelopment to execute
a First Amendment to Contract with Sedway & Associates to develop an
RFP for a developer of Area 4, a Redevelopment Agency-owned high
density residential site in the Pleasant Hill BART Station Area.
FISCAL IMPACT
The Redevelopment Agency' s budget for Fiscal Year 1994-95 provided
sufficient funds for this First Amendment. An additional $16, 800 will
be added to the contract, bringing its total to $42, 800 . No General
Fund monies are involved.
BACKGROUND/REASONS FOR RECOMMENDATIONS
On January 25, 1994 the Redevelopment Agency authorized execution of
a contract with Sedway & Associates to develop an RFP for a developer
of Area 4 . Area 4 (South) is an approximate five acre assemblage of
property that is owned by the Contra Costa County Redevelopment
Agency. The Pleasant Hill BART Specific Plan designates this property
for multifamily residential, very high density. The site has a
capacity for 200+ residential units .
CONTINUED ON ATTACHMENT: XX YES SIGNATURE :
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOM ENDI(T O OF AGFA Y COMMITT
APPROVE OTHER
SIGNATURE (S) :
ACTION OF AGENCY ON December 13 , 1994 APPROVED AS RECOMMENDED x OTHER
It
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
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.
Contact: Jim Kennedy
646-4076 ATTESTED December 13 , 1994
cc: Community Development PHIL BATCHELOR
Redevelopment Agency AGENCY SECRETARY
via Redevelopment Agency
Sedway & Associates
BYC)A114 , DEPUTY
JK:1h
sra16/area4.bos
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The Agency has been approached by numerous developer interests
regarding the availability of this site. To . determine the best
offer, the Agency initiated a process of developing a RFP. An
element of the consultant' s work program was to conduct a market
assessment. Because the real estate market has been soft, initial
market assessments required a significantly more in-depth market
analysis. The subsequent market analysis indicated that there was
sufficient strength in the local real estate market to warrant
marketing the property with specified conditions . Among the
conditions suggested was a Request for Qualifications, prior to
requesting developer proposals. The additional $16, 800 associated
with this First Amendment to Contract will significantly improve
the Agency' s ability to specify development criteria, assess
developer capacity, and choose a developer and project concept that
will be economically viable.