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HomeMy WebLinkAboutMINUTES - 04051988 - 1.86 1-086 TO: REDEVELOPMENT AGENCY Contra Costa FROM: PHIL BATCHELOR, EXECUTIVE DIRECTOR Co CO DATE: March 23 , 1988 SUBJECT: Amended Reimbursement Agreement with Connecticut General Life Insurance Company (CIGNA) SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND- JUSTIFICATION RECOMMENDATIONS Authorize the Executive Director or his designee to prepare and execute a Reimbursement Agreement with Connecticut General Life Insurance Company (CIGNA) for landscaping improvements at the Buskirk/BART Office Building in the Pleasant Hill BART Station Redevelopment Project Area in an amount not to exceed $32, 944. FISCAL IMPACT Construction funds from Assessment District 1983-1 administered by the Agency are available for payment of the noted reimbursement. BACKGROUND/REASONS FOR RECOMMENDATIONS On March 8 , 1988 the Redevelopment Agency authorized the Executive Director or his designee to prepare and execute a Reimbursement Agreement with Connecticut General Life Insurance Company (CIGNA) for landscaping improvements in the Pleasant Hill BART Station Redevelopment Project Area. The Agency' s responsibility for these costs resulted from public improvements required by the Agency and detailed in the Disposition and Development Agreement (DDA) entered into with the developer. The original amount that was authorized for reimbursement was $29,794, and the total amount of the landscaping contract was $55,400. In reviewing the bid documents CIGNA realized that a $3 ,150 charge for tree removal was incorrectly assigned to CIGNA rather than the Agency. This should be added to the amount to be reimbursed to CIGNA, making the total reimbursable amount $32, 944. CONTINUED ON ATTACBMENT: YES SIGNATURE: RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BCO E APPROVE OTHER SIGNATURE(S) : ACTION OF BOARD ON April 5, 1988 APPROVED AS REC ED X OTHER VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A X UNANIMOUS (ABSENT ) 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: Redevelopment Director ATTESTED April 5, 1988 Public Works PHIL BATCHELOR, CLERK OF THE BOARD OF SUPERVISORS COUNTY ADMINISTRATOR BY ° , DEPUTY GR/jb GR5/congenrl.bo