HomeMy WebLinkAboutMINUTES - 04211992 - 1.78 CORRECTED COPY! ?e
PLEASE DESTROY
PREVIOUS ISSUE
TO: REDEVELOPMENT AGENCY/BOARD-OF -,SUPERVISORS �` -`O?
a �., _ -- Contra
FROM: Phil Batchelor �' _ s Costa
o: ^;ate
Executive Director County
DATE: April 21, 1992
SUBJECT: Purchase Agreement - 3120 Wayside Lane, Pleasant Hill BART Station
Area (Sutter)
SPECIFIC REQUEST(S) OR RECOMMENDATIONS (S) & BACKGROUND .AND JUSTIFICATION
RECOMMENDATIONS
Approve Settlement Agreement with John H. Sutter; Approve Purchase
Contract and accept Grant Deed from John H. Sutter and authorize the
Redevelopment Director or his Designee to execute said agreement on
behalf of the Agency; and Approve an estimated revenue adjustment and
appropriation adjustment for $445, 000.
FISCAL IMPACT
The Contract provides for the Agency to acquire the above referenced
property and settle a claim .for damages for an all-inclusive price of
$445, 000. The Agency will be receiving an advance from funds other
than Fund 111300 to cover these costs.
BACKGROUND/REASONS FOR RECOMMENDATIONS
The subject property is part of development Area 4 in the Pleasant
Hill BART Station Area. This development area was originally to be
developed by a partnership of Glenfed Development Corp. and Desco
Investment. That partnership was unable to perform and will not be
pursuing development on this site. Because of the developers
inability to perform, Mr. Sutter filed a . claim for damages. The
Settlement Agreement, and the consideration provided therein,
dismisses all claims.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMEND MN OF AG CY COMMIT E
APPROVE OTHER
SIGNATURE(S)
ACTION OF AGENCY ON April 21 , 1992 APPROVED AS RECOMMENDED X OTHER
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: Community Development
Redevelopment Agency ATTESTED April 21 , 1992
Public Works-Real Property PHIL BATCHELOR,
Auditor-Controller AGENCYSEC ETARY
(via Real Property)
Public Works-Accounting
CAO BYA A. 0,/ , DEPUTY
County Counsel
SRA24/sutter.bos