HomeMy WebLinkAboutMINUTES - 12092008 - C.11 TO: BOARD OF SUPERVISORS -- - Contra
FROM: JULIA R. BUEREN, PUBLIC WORKS DIRECTOR p. . Costa
DATE: December 9, 2008
Countye6uYT
SUBJECT: Approve disbursement of funds from the Dougherty Valley CSA M-29 Capital Reserve Fund,San
Ramon!�'�(Dougherty Valley) area. (District III)
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDED ACTION:
APPROVE disbursement of$338,000.00 from the Dougherty Valley CSA M-29 Capital Reserve Fund per the
"Memorandum of Understanding between Contra Costa County, the City of San Ramon, Shapell Industries and
Windemere Ranch P,'artners Relating to the Development of Dougherty Valley"approved January 8, 1998,to City of
San Ramon to purchase furnishings and equipment for the Corporation Yard.
FISCAL IMPACT:
There is no impact to the County General Fund. The CSA M-29.Capital Reserve Fund was set up to partially
reimburse the developers for the costs of capital facilities.The balance in the account exceeds the current request for
funds.
Continued on Attachment: SIGNATURE:
_RECOMMENDATION OF COUNTY ADMINISTRATOR
_RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE (S):
ACTION OF BOARD ON &4 ZzLe f APPROVtfi AS RECOMMEND OTHER
I hereby certify that this is a true and correct
// copy of an action taken and entered on the
VOCE OF SUPERVISORS minutes of the Board of Supervisors on the
��// UNANIMOUS(ABSENT o ) date shown.
AYES: NOES:
ABSENT: ABSTAIN: //,,
ATTESTED:.,&e, 7 T7
sG:�c DAVID TWA, Clerk of the Board of
G:\EngSvc\BO\2008\12-9\BO CSA M-29-FY-08-09.doc
Originator:Public works(ES) Supervisors and County Administrator
Contact: Slava Gospodchikov(313-2316)
cc: County Administrator
Auditor-Controller
City of San Ramon Finance Director
2222 Camino Ramon By , Deputy .
San Ramon;CA 94583
0
SUBJECT: Approve disbursement of funds from the Dougherty Valley CSA M-29 Capital
Reserve Fund, San Ramon (Dougherty Valley) area. (District III)
DATE: December 9, 2008
PAGE: 2 of 2
BACKGROUND/REASON(S) FOR RECOMMENDATION(S):
The Capital Reserve Fund is comprised of surplus monies from CSA M-29,set aside for the funding
of community facilities such as the Dougherty Valley Community Center,Police Station,Library,
Senior Center,and Corporation Yard. The fund receives its money at the end of every fiscal year. If
there is any surplus of the tax/assessment monies after all budgeted general maintenance for that
year is complete,the money goes into the Capital Reserve Fund and can only be used for community
facilities. The distribution of the monies is outlined in the"Memorandum of Understanding between
Contra Costa County, the City of San Ramon, Shapell Industries and Windemere Ranch Partners
relating to the development of Dougherty Valley". The Memorandum of Understanding was
approved by the Board on January 8, 1998.
Shapell Homes (Shapell) is obligated to construct the Corporation Yard as a condition of the
Settlement Agreement. The cost of the facility is in excess of the Facilities Fee Budget; therefore
Shapell is requesting release of these funds to City of San Ramon for the purpose of purchasing
necessary furnishings and equipment.
On November 6,2008 this Board approved disbursement of$2.36 million to Windemere BLC Land
Company (Windemere) from this fund. The amount was mutually agreed upon by Shapell and
Windemere as the last payment Windemere could receive from the Capital Reserve Fund, leaving
only Shapell eligible for any reimbursement from the fund.
CONSEQUENCES OF NEGATIVE ACTION:
The City of San Ramon will not receive a disbursement from the CSA M-29 Capital Reserve Fund
to purchase necessary furnishings and equipment for the Corporation Yard.