HomeMy WebLinkAboutRESOLUTIONS - 01011999 - 99-215 THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Resolution on April 27, 1999,by the following vote:
AYES: Supervisors Gioia, Uilkema, Gerber, DeSaulnier and Canciamilla
NOES: None
ABSENT: None
ABSTAIN: None
RESOLUTION NO.::x9l'.
SUBJECT: Approve Subdivision Agreement and Subdivision Agreement for Right of `t%Vay
Landscaping. Also Authorize Board Chair to sign, on behalf of the County, Quitclaim
Deeds of Development Rights to the Developer for Subdivision 7903, in the North
Richmond area.
On October 28, 1997, this Board adopted Resolution No. 971586 for the approval of the final
map for Subdivision 7903,then being developed by Community Housing Development Corporation of
North Richmond in conjunction with the Contra Costa County Redevelopment Agency,in keeping with
this County's goal to provide affordable housing to its low income residents.
Instead of the usual agreements and bonding required to assure the construction of necessary on-
site improvements, this Board accepted several grant deeds of development rights, to be quitclaimed
back to the developer when appropriate bonding became available. This was to minimize the bonding
requirement without minimizing the assurance of construction of necessary improvements.
Due to current demand for the developer's product and due to the developer's success in
obtaining necessary financing and surety bonds, the following documents are presented for Board
approval on this date:
I. Subdivision Agreement
A subdivision agreement with Parkway Housing, Inc., subdivider, whereby said
subdivider agrees to complete all improvements as required in said subdivision
agreement within one year from the date of said agreement. Accompanying said
subdivision agreement is security guaranteeing completion of said improvements as
follows:
A. Cash Deposit
Deposit amount: $6,000.00
B. Surety Bond
Bond Company: Reliance Insurance Company
Bond Number and Date: B 260 fig 15 (March 31, 1999)
Performance Amount: $602,600.00
Labor&Materials Amount: $304,650.00
Principal: Parkway Housing, Inc.
SUBJECT: Approve Subdivision Agreement and Subdivision Agreement for Right of Way
Landscaping. Also Authorize Board Chair to sign,on behalf of the County, Quitclaim
Deeds of Development Rights to the Developer for Subdivision 7903, in the North
Richmond area.
DATE: April 27, 1999
PAGE -2-
Ii. Subdivision Agreement(Right of Way Landscaping)
A subdivision agreement (right of way landscaping) with Parkway Housing, Inc.,
subdivider,whereby said subdivider agrees to complete all improvements as required
in said subdivision agreement within one year from the date of said agreement.
Accompanying said subdivision agreement is security guaranteeing completion of said
improvements as follows:
A. Cash Deposit
Deposit amount: $1,000.00
B. Surety Bond
Bond Company: Reliance Insurance Company
Bond Number and Date: B 260 69 16(March 31, 1999)
Performance Amount: $52,717.28
Labor&Materials Amount: $26,358.64
Principal: Parkway Housing, Inc.
III. Quitclaim Deeds
Six quitclaim deeds in which Contra Costa County does remise,release and quitclaim
to Parkway Housing, Incorporated, the development rights for the lots in Subdivision
7903, in six separate groups.
BE IT RESOLVED that said agreements and surety bonds are DETERMINED to be acceptable
to this Board and in compliance with Article 94-4.4 of Title 9 of the Contra Costa County Ordinance
Code.
BE IT FURTHER RESOLVED that the Board Chair is Authorized to sign the quitclaim deeds
on behalf of the County.
I hereby certify that this is a true and correct
copy of an action taken and entered on the
RL:JD:mw minutes of the Board of Supervisors on the
GAGrpDsta\EnSSvc\BO\l9991804-27-99Aw date shown. I
Originator:Public Works(ES)
Contact: Picb Lierly(313-2348) ATTESTED: - 0
cc: Public works Accounting PHIL BATC E R, Clerk o;the Board
R.Bruno,Construction of S-6-abrvi and ty Administrator
Current Planning,Community Development 71
Parkway Housing,Inc. v
M AAA AAF YJ
1452 Filbert Street,Richmond,CA 94801 B - Deputy
Reliance Insurance Company
580 California Street,San Francisco,CA 94104