HomeMy WebLinkAboutMINUTES - 03191985 - T.6 TO: REDEVELOPMENT AGENCY
FROM: Agency Executive Director ;; ' Contra
Costa
DATE: March 18, 1985 County
SUBJECT: In the matter of the sale of development
rights to Station West RESOLl1TI0N N0.?RA 85-7
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
Redevelopment Agency staff has presented an agreement for sale
of development rights owned by the Agency to Station West
Associates which agreement provides for sale of development
rights for 20,866.375 square feet of building at the price
of $208 ,663 .75.
The Agency has prepared a summary of the agreement and the
Agency and the Board of Supervisors has held a public hearing
to consider the agreement.
The agreement would be in the best interests of the County and
the Agency and would benefit the implementation of the Redevelop-
ment plan for the Pleasant Hill BART Station Project Area.
The. Agency finds that the purchase price Station West is to
pay for the development rights is not less than the fair
market value of those rights determined at the highest and
best use permitted under the Redevelopment Plan.
Therefore, the Agency hereby resolves that the Executive
Director is authorized to enter into on behalf of the Agency
an agreement with Station West Associates providing for the
Agency to sell and Station West to purchase development rights
for 20,866. 375 square feet of building for a purchase price of
not less than $208 ,663.75 and for such other terms and conditions
as the Executive Director deems fair and reasonable. The Agency
hereby authorizes the Executive Director to execute any documents
or take any actions necessary to carry out the agreement with
Sation West Associates.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF EXECUTIVE DIRECTOR. RECOMMENDATION OF AGENCY COMMITTEE
APPROVE OTHER
SIGNATURE(S)
ACTION OF AGENCY Olz - March 19. 1985 _ APPROVED AS RECOMMENDED X OTHER
VOTE of COM11ISSIONERS
_X UNANIMOUS (ABSENT ) I HEREBY CERTIFY THAT THIS IS A TRUE
AYES: NOES: AND CORRECT COPY OF AN ACTION TAKEN
ABSENT: ABSTAIN: AND ENTERED ON THE MINUTES OF THE REDEVELOP-
MENT AGENCY ON THE DATE SHOWN.
cc: Redevelopment Agency Director ATTESTED March 19, 1985
County Administrator PHIL BATCHELOR, AGENCY SECUI TAP.Y
Public Works
Planning
County Counsel
M382/7.98 BY _ il�Ha'71�"n/ DEPUTY
TO: BOARD OF SUPERVISORS
FROM: Anthony A. Dehaesus ; COntI"a
Director of Planning
Costa
DATE: March 18, 1985 y' �,...•!� County
SUBJECT: In the matter of the sale of development rights to Station West
RESOLUTION NO. 85/135
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
Redevelopment Agency staff has presented an agreement for sale of development rights owned by
the Agency to Station West Associates which agreement provides for sale of development rights for
20,866.375 square feet of building at the price of $208,663.75.
The Agency has prepared a summary of the -agreement and the Agency and the Board of Supervisors
has held a public hearing to consider the agreement.
The agreement would be in the best interests of the County and the Agency and would benefit the
implementation of the Redevelopment Plan for the Pleasant Hill BART Station Project Area.
The Board of Supervisors finds that the purchase price Station West is to pay for the development
rights is not less than the fair market value of those rights determined at the highest and best use
permitted under the. Redevelopment Plan.
Therefore, the Board of Supervisors hereby resolves that an agreement between the Redevelopment
Agency and Station West Associates for the Agency sale of development rights for 20,866.375 square
feet of building to Station West for a price of $208,663.75 is approved.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATURE(S)
ACTION OF'BOARD,ON Marrh 19, 1985 APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
X UNANIMOUS (ABSENT ) I HEREBY CERTIFY THAT.THIS IS A TRUE
AYES: NOES: AND CORRECT COPY OF AN ACTION TAKEN
ABSENT: ABSTAIN: AND ENTERED ON THE MINUTES OF THE BOARD
OF SUPERVISORS ON THE DATE SHOWN.
cc: Redevelopment Agency Director ATTESTED
County Administrator PHIL BATCHELOR, CLERK OF THE'BOARD OF
Public Works SUPERVISORS AND COUNTY ADMINISTRATOR
Planning
County Counsel
M38'/7-e9RESOLUTION 85��35 DEPUTY