HomeMy WebLinkAboutMINUTES - 03111986 - 1.57 TO: REDEVELOPMENT AGENCY
FROM: Phil Batchelor, Contra
Executive Director
Costa
DATE: February27, 1986
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SUBJECT: Indemnity Agreements for property in the Pleasant Hill BART
Station Project Area.
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION
Approve and authorize the Executive Director to execute Indemnity
Agreements No, RA 86-9, RA 86-10, . and RA 86-11 on file with the
Clerk of the Board, between the Agency and First American Title
: .,. Guaranty Co. affecting properties described as 40 Wayne Court, 41
Wayne Court and 2980 Buskirk Avenue in the Pleasant Hill BART
Station Area.
FINANCIAL IMPACT
3
Nane, all 'casts are to be ' reimbursed by Taylor/Ward Properties,
. the Master. Developer of the affected Specific Plan Development
:d 5. Areas 7A & 8.
r
BACKGROUND/REASONS •FOR RECOMMENDATION
` on October~ 15, 1985, the Redevelopment Agency adopted a
" R.esd,1uti6n� of Necessity to condemn the subject properties. The;
Agency has filed for,- and the Superior Court has approved an
Order of Immediate Possession for each property. It is the
.intent of ' the Agency to turn over posession, and eventually
of the-. property,to :the affected developer. Since the'
y`reminent .domain, actions."ar:e , periding, on , these ;properties the title
r ,
1 insurance, company,. requires .an .indemnity agreement with the Agency
prior .to issuance `of a title 'insurance policy.
CONTINUED ON ATTACHMENT; YES SIGNATURE:
RECOMMENDATION OF EXECUTIVE DIRECTOR + RECO END ION OF GE OMMITTEE
APPROVE I
OTHER - -
x SIGNATURES)
ACTION OF AGENCY f APPROVED AS RECOMMENDED
OTHER
i
VOTE OF COMMISSIONERS L
UNANIMOUS (ABSENT r 1 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 gency ATTESTED -- f f flO
Auditor Controller PHIL BATCHELOR, AGENCY SECRETARY
Public Works
Contractor via Redevelopment
M382{7-88 BY
DEPUTY