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HomeMy WebLinkAboutMINUTES - 02231999 - C191 Contra Costa TO: BOARD OF SUPERVISORS County FROM: Dennis M. Barry, AICP Director of tommunity Development DATE: February 23, 1999 SUBJECT: Property at 4315 Conejo Drive, Danville SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S)& BACKGROUND AND JUSTIFICATION RECC)MMl NDATIONS AUTHORIZE the Deputy Director,Redevelopment, or his designee to: (1)waive the County's right of first refusal to acquire the property located at 4315 Conejo Drive in the unincorporated area. near Danville, and(2) execute the required legal documents for this purpose. FISCAL IMP'ACT No General Fund impact. BACK RO SND ASN FOR REQQT)DDNDATIONS In 1993,in exchange for approval of a density bonus, Dame Construction agreed to reserve 15 percent of the townhomes in the Somerset Homes development for sale to moderate income hous olds(the CONTINUED ON ATTACHMENT: -X-YES SIGNATURE: �. RECOMMENDATION OF COUNTY ADMINISTRATOR_. . RECOM , ATION OF OARD COMMI EE rAPPROVE OTHER SIGNATURE(S): ` ACTION OF BOARD ON APPROVED AS RECOMMENDED xx OTHER VOTE OF SUPERVISORS I HERBY CERTIFY THAT THIS IS A TRUE XX UNANIMOUS(ABSENT - -- - - AND CORRECT COPY OF AN ACTION TAKEN AYES: NOES: AND ENTERED ON THE MINUTES OF THE ABSENT: ABSTAIN: BOARD OF SUPERVISORS ON THE BATE SHOWN. Contact: Kara Douglas, 335-1253 cc: County Administrator ATTESTED February23, 1999 County Counsel PHIL BATCHELOR, CLERK OF THE BOARD Auditor-Controller OF SUPERVISORS&COUNTY A.DMI ISTRATO Community Development B ,DEPUTY "affordable units"). Purchasers of the affordable units were required to enter into a Buyer's Purchase Agreement which provided the County with the right of first refusal to acquire, or to assign its right to acquire the unit at a predetermined price, in the event of resale. The purpose of the resale restriction is to provide the County with an opportunity to maintain the affordability of the unit by assigning the right to acquire to another moderate income household. The townhome located at 4315 Conejo Drive in the unincorporated area near Danville is one of the affordable units and was acquired by a moderate income household in November, 1994. The owner notified the County in September, 1998 of her intent to sell the unit and the County notified the owner in November, 1998 of its intent to assign its right to purchase to an eligible household. The County had 90 days to identify an eligible household and was unable to do so. If the County does not now waive its right to acquire the unit, it must purchase the unit. No potential source of County funds have been identified for this purpose. Therefore, staff is recommending that the County waive its right of first refusal to acquire this property and permit the owner to sell the unit on the open market. Staff is evaluating alternative approaches and sources of funding for handling these types of matters in the future.