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HomeMy WebLinkAboutMINUTES - 03241987 - 2.6 2-006 TO: BOARD OF SUPERVISORS Contra Ilra FROM: Harvey E. Bragdon Director of Community Development - Costa Cointy DATE: March 12, 1987 SUBJECT: Alamo Area Park Site Acquisition - County Service Area R-7A Request SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION RECOMMENDATIONS 1. Declare intent for County Service Area R7-A to purchase from the Trust for Public Lands, the property known .as the Magee Site, 1025 La Gonda Way, Danville, California and an addi- tional property to provide direct Alamo access across the San Ramon Creek, and to construct an access bridge across San Ramon Creek and develop at least 6 acres of the Magee site for park use subject to the following conditions: a. Arrangement of deferred financing through certificate of participation using the Contra Costa County Public Facilities Corporation; b. Agreement with the Town of Danville regarding joint ownership, future development, operation, maintenance, and debt service. 2. Direct staff to proceed with necessary actions to arrange apppropriate financing. FISCAL IMPACT Substantially commits County Service Area R-7A revenues to this singular project for as long as 20 years. The project would be financed through issuance of $2, 650,000 of deferred finaning to be jointly repaid by the Town of Danville and County Servic, A a R7-A. CONTINUED ON ATTACHMENT: YES YES SIGMA RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDAT16W OF 116AR4VCOMMITTEE APPROVE OTHER SIGNATURE(S) : ACTION OF BOARD ON March 24, 1987 APPROVED AS RECOMMENDED X OTHER VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A X UNANIMOUS (ABSENT I ) TRUE AND CORRECT COPY OF AN AYES: NOES: ACTION TAKEN AND ENTERED ON THE ABSENT: ABSTAIN: MINUTES OF THE BOARD OF SUPERVISORS ON THE DATE SHOWN. cc: Community Development ATTESTED 07'/, /98"l County Administrator PHIL BATCHELOR, CLERK OF County Service Area R7-A THE BOARD OF SUPERVISORS Town of Danville AND CO ADMINISTRATOR BY , DEPUTY HEB/DF/mb la/alamo.r7a Alamo Area°Park Site Acquisition - CSA R-7A Request Page 2 March 12, 1987 BACKGROUND/REASONS FOR RECOMMENDATIONS On October 1, 1985 the Board of Supervisors authorized the Public Works Department to begin negotiations for acquisition of properties identified by R7-A as the highest priority based on the R7-A Parks Plan. The Magee property was considered the number one priority. Subsequently, the Trust for Public Lands secured an option on the site to preclude a sale to private development interests. The option has been extended once and must be exercised by April 1, 1987 . The Citizens Advisory Committee for County Service Area R7-A and the Town of Danville recommend a joint purchase arrangement. The property is cut in half by the municipal boundary. Discussions have been undertaken for the past several months to refine the project content and develop terms acceptable to R7-A Alamo, the Town of Danville and the County. In addition, agreements are being drafted and financing arrangements are in the early stages. The Trust for Public Lands requires a strong indication that the project will proceed prior to exercising its option.