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HomeMy WebLinkAboutMINUTES - 02091988 - 1.67 TO: REDEVELOPMENT AGENCY 1-067 FROM: PHIL BATCHELOR, EXECUTIVE DIRECTOR DATE: February 9 , 1988 SUBJECT: Reimbursement to Oxford Development for Infrastructure Improvements in the Pleasant Hill BART Station Area. SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION RECOMMENDATIONS Authorize the Executive Director or his designee to execute a Reimbursement Agreement with Oxford Development Enterprises , Inc. , for infrastructure improvements in the Pleasant Hill BART Station Area. FISCAL IMPACT Construction funds from Assessment District 1983-1 administered by the Redevelopment Agency are available for payment of the noted reimbursement. BACKGROUND/REASONS FOR RECONIlMENDATIONS Various drainage improvements and road improvements of areawide benefit have been completed by Oxford Development Enterprises, Inc. These improvements, primarily drainage improvements that are part of Drainage District 44-B, are appropriate for payment from Pleasant Hill BART Specific Plan fees collected via Assessment District 1983-1. Improvements totaling $152,740. 60 have been completed by Oxford Development that are of an areawide benefit and would be authorized for reimbursement to Oxford with approval of the above referenced Agreement. The project engineer has reviewed all' items of work and their costs prior to development of the Reimbursement Agreement. CONTINUED ON ATTACHMENT: YES SIGNATURE: RECOMMENDATION OF EXECUTIVE DIRECTOR RECO14MENDATION OFQAG 17 APPROVE OTHER SIGNATURE(S) : ACTION OF AGENCY ON February 9, 1988 APPROVED AS RECOMMENDED X OTHER VOTE OF COMMISSIONERS X I HEREBY CERTIFY THAT THIS IS A UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN AYES: NOES: ACTION TAKEN AND ENTERED ON THE ABSENT: ABSTAIN: MINUTES OF THE REDEVELOPMENT AGENCY ON THE DATE SHOWN. cc: Redevelopment Director ATTESTED February 9, 1988 Oxford Development via PHIL BATCHELOR, Redevelopment AGENCY SECRETARY i BY DEPUTY REIMBURSEMENT AGREEMENT WHEREAS, the Contra Costa County Redevelopment Agency, pursuant to an agreement with Contra Costa County, has responsibility for administering funds obtained via the issuance of special assessment bonds (Assessment District 1983-1) for various infrastructure improvements in the Pleasant Hill BART Station Area; and WHEREAS, Oxford Development Enterprises Inc. , has constructed drainage and road improvements that are of benefit to the greater Pleasant Hill BART Station Area and Drainage .District 44-B; and i WHEREAS said improvements and their costs have been reviewed by the Pleasant Hill -BART Station Area project engineer, and found to be of areawide benefit and with the appropriate cost parameters. THEREFORE, the undersigned agree as follows: 1) That said construction conforms with County construction standards and design criteria; 2) That the cost of areawide benefitting drainage and road improvements completed by Oxford Development Enterprises, Inc. , total $152,740 .60 (as more specifically defined in Appendix A attached hereto) ; and 3 ) That the Redevelopment Agency of Contra Costa County will reimburse Oxford Development Enterprises, Inc. , for the $157 ,740 . 60 cost of said improvements. DATED: February 9 , 1988 i OXFORD DEVELOPMENT CONTRA COSTA COUNTY ENTERPRISES, INC. , REDEVELOPMENT AGENCY By: _ By:. I i i t r APPENDIX A AREAWIDE DRAINAGE Improvements (Appendix B) $92,873 . 60 Engineering (Appendix C) $21,919.00 CHERRY LANE - (Appendix D) Improvements $28,923 . 00 Engineering $9 ,025.00 TOTAL $152 ,740 . 60 JK:krc ra21: 2-9-88 .ra1