HomeMy WebLinkAboutMINUTES - 06201989 - 1.68 TO: REDEVELOPMENT AGENCY
FROM: PHIL BATCHELOR, Conl++
m
EXECUTIVE DIRECTOR �a
DATE: June 13, 1989 County
SUBJECT: Payment Agreement with Contra Costa County for Hookston Station,
Pleasant Hill Area
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) .& BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Adopt Resolution approving a Payment Agreement with the County of
Contra Costa.
FISCAL IMPACT
The Payment Agreement provides for the Redevelopment Agency to
provide funds for the purchase of the Hookston Station property in
the Pleasant Hill area. The Agency has sufficient funds from its
prior issuance of Tax Allocation Notes. The Agency expects to be
reimbursed for approximately $750,000 of the purchase price from
State funds.
BACKGROUND/REASONS FOR RECOMMENDATIONS
In a concurrent action, the Board of Supervisors will be approving
a Purchase Agreement relative to the Hookston Station property in
the Pleasant Hill area. Title of this property must be taken in
the name of the County in order to qualify for a partial state
reimbursement of costs. The County does not have sufficient funds
.to consummate the purchase. The Redevelopment Agency has funds
programmed for this purpose.
CONTINUED ON ATTACHMENT: YES SIGNATURE: '
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION O AGENCY OMM-I
APPROVE OTHER
SIGNATURE(S) :
ACTION OF AGENCY ON June 20 , 1989 APPROVED AS RECOMMENDED X OTHER
The Commissioners approved the above recommendation and ADOPTED Resolution
No. RA 89-10 .
VOTE OF COMMISSIONERS
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 REDEVELOPMENT
AGENCY ON THE DATE SHOWN.
cc: Redevelopment Director ATTESTED June 20, 1989
Public Works/Real Property PHIL BATCHELOR,
County Administrator AGENCY SECRETARY
Public Wozks/Accounting
Auditor/Controller o
Goldfarb & Lipman BY (1AO , DEPUTY
RA38/payagre.bos
I-OGS
RESOLUTION NO. RA 89-10
RESOLUTION OF THE CONTRA COSTA COUNTY REDEVELOPMENT
AGENCY AUTHORIZING AND APPROVING AN AGREEMENT BETWEEN
THE COUNTY OF CONTRA COSTA AND THE CONTRA COSTA
COUNTY REDEVELOPMENT AGENCY RELATING TO PAYMENT OF
COSTS IN CONNECTION WITH PURCHASE OF CERTAIN REAL
PROPERTY CONSTITUTING A PORTION OF THE FORMER SOUTHERN
PACIFIC RIGHT OF WAY BETWEEN MAYHEW AND HOOKSTON ROADS
WHEREAS, the County of Contra Costa ("County") has or
will contract to purchase a portion of the former Southern
Pacific right of way between Mayhew and Hookston Roads in the
County of Contra Costa (the "Property") for construction of a
road and related improvements including transit improvements;
and
WHEREAS, in the absence of assistance from the Contra
Costa Redevelopment Agency, the County would have no
reasonable means of financing the acquisition of the Property;
and
WHEREAS, the Redevelopment Plan ("Plan") for the Pleasant
Hill BART Station Area Redevelopment Project ( "Project" )
provides for construction of a road on the Property and
adjoining property to improve access and circulation in the
area of the Project; and
WHEREAS, the acquisition of the Property will benefit the
Project by facilitating construction of the aforementioned
road and related improvements; and
-1-
RA 89-10
WHEREAS, the Agency desires to contribute funds to the
County 's purchase of the Property;
THEREFORE, the Contra Costa Redevelopment Agency hereby
resolves as follows:
1 . The Agency finds and determines that the acquisition
of the Property will benefit the Project and that there is no
other reasonable means of financing the acquisition of the
Property other than by the Agency contributing to the cost of
the County' s acquisition of the Property.
2 . The Executive Director or his designee is authorized
to execute on behalf of the Agency the Payment Agreement
presented to the Agency in connection with this resolution
providing for the Agency' s contribution of$7,595,751.60 to the
County' s acquisition of the Property subject to such minor
changes in the Payment Agreement as the Executive Director
deems appropriate.
Passed this 20th day of June, 1989, by the following
vote:
AYES: Commissioners Powers, Fanden, Schroder, McPeak and Torlakson
NOES: None
ABSTAIN: None
ABSENT: None
1 hereby certify that this is a trueandcorrect copy of
an action taken and entered on the minutes of the
Redevelopmen Agency on the date shown.
ATTESTED: te
PH BATCHELOR,Agency Secretary
0
By Deputy
RA� 89-10