HomeMy WebLinkAboutMINUTES - 04151986 - 1.42 TO: BOARD OF SUPERVISORS/REDEVELOPMENT AGENCY
FROM: Phil Batchelor, Executive Director
DATE: March 24, .1986 �.
SUBJECT: Sale of vacated County rights of way to the Redevelopment Agency
SPECIFIC REQUEST(S) OR RECOMMENDATIONS) & BACKGROUND AND JUSTIFICATION
RECOMMENDED ACTION:
A. Action of Contra Costa County
1. Approve the sale of certain vacated road rights of way, described as
parcels P-3, P-19, S-6 and S-8, in the Pleasant Hill BART Station
Area, to the Redevelopment Agency.
2. Authorize the Chairman of the Board of Supervisors to execute a
Purchase and Sale Agreement (Contract No. RA 86 - 17 on file with the
Clerk of the Board) with the Agency providing for a total sales price
of $265,432.00 to be paid under the terms of the agreement.
3. Authorize the Chairman of the Board of Supervisors to execute deeds
on behalf of the County, and direct the Real Property Division to
deliver the deeds to the Agency following the effective recordation
of the respective resolution of vacation.
B. Action of the Redevelopment Agency
1. Approve the purchase of the subject vacated rights of way from the
County.
2. Authorize the Executive Director or his designee to execute a
Purchase and Sale Agreement (Contract No. RA 86 - 17 on file with the
the Clerk of the Board) with the County providing for a total sales
price of $265,432.00 to be paid under the terms of the agreement.
CONTINUED ON ATTACHMENT:_ YES SIGNATURE: ��
RECOMMENDATION OF CAO/EXECUTIVE DIRECTOR _RECOMMENDATION OF BOARD COMMITTEE
APPROVE
SIGNATURE(S):
ACTION OF BOARD/AGENCY APPROVED AS RECOMMENDEDX OTHER
VOTE OF SUPERVISORS/AGENCY MEMBERS
UNANIMOUS (ABSENT Jl� ) I HEREBY CERTIFY THAT THIS IS A TRUE AND
YES- NOES: CORRECT COPY OF AN ACTION TAKEN AND
ABSENT: ABSTAIN: ENTERED ON THE MINUTES OF THE BOARD OF
SUPERVISORS/REDEVELOPMENT AGENCY ON THE
DATE SHOWN.
cc: County Administrator ATTESTED
County Counsel
Goldfarb & Lipman l/
Public Works, Real Property PHIL BATCHELOR, CLERK OF THE BOARD
Redevelopment Agency OF SUPERVISORS, COUNTY ADMINISTRATOR,
REDEVELOPMENT AGENCY SECRETARY.AND
EXECU7T E D RECTOR
BY V DEPUTY
' a
3. Authorize the Executive Director or his Designee to execute such
other documents and take such actions as are reasonably necessary to
carry out the terms of the agreement.
4. Amend the Redevelopment Agency's Fiscal Year 1985-86 Budget
accordingly.
FINANCIAL IMPACT:
The total sale price of the property is $265,432.00, to be paid to the County
from tax increments generated by the Redevelopment Project. The sale price is
the estimated fair market value of the property consistent with qualified
appraisals. Since the Agency will pay the County over time dependent upon the
, availability of tax increment revenue, the County will receive interest on the
unpaid balance at the prime rate of interest plus 1%, which is consistent with
previous Agreements.
These purchases were not anticipated in the Agency's Fiscal Year 1985-86
Budget, which must be amended accordingly.
BACKGROUND/REASONS FOR RECOMMENDATIONS:
The Redevelopment Agency has applied for the vacation and abandonment of
several existing rights of way in the Pleasant Hill BART Station Area
Redevelopment Project no longer needed due to the reconfiguration of the
traffic circulation system. The vacations are necessary for the complete
assembly of various development areas within the project pursuant to the
Redevelopment Plan.
These parcels, which the County owns or expects to own upon relinquishment by
Caltrans, are to be conveyed to the Redevelopment Agency for reconveyance to
the designated developers under the terms of Disposition and Development
Agreements (DDA) negotiated with the developer. Conveyance of particular
parcels to the Agency will take place upon the effective date of vacation.
Subsequent reconveyance to the developer will be done as provided for in the
respective DDA.
O