HomeMy WebLinkAboutMINUTES - 04142007 - C.94 s_E-L
TO: Redevelopment Agency ��=��- ==-°�' Contra
FROM: John Cullen, Executive Director Cost',
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DATE: August 14, 2007 County
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SUBJECT: Developer Designation, 1250 Las Juntas Way, Walnut Creek/Contra Costa Centre Area
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
APPROVE the extension of an Exclusive Negotiating Rights Agreement with The Olson Company for
additional 120 days for the Agency owned property at 1250 Las Juntas Way, Walnut Creek; and
AUTHORIZE the Redevelopment Director to execute an extension agreement..
FISCAL IMPACT: None. No General Funds are involved.
BACKGROUND:
On January 16, 2007, the Redevelopment Agency Governing Board approved the designation
of The Olson Company as the developer of Redevelopment Agency owned property at 1250
Las Juntas Way, Walnut Creek; and authorized execution of an Exclusive Negotiating Rights
Agreement (ENRA) for a period of up to 180 days. The ENRA was executed on February 20, 2007
and would expire on August 20, 2007. During the time period of the ENRA, the parties expected to
complete the negotiations for a Disposition and Development Agreement (DDA). Due to complexities
related to reconciling State Law requirements for density bonuses, California Redevelopment Law
and Walnut Creek's Inclusionary Program a DDA is not yet ready for approval and execution. Staff
is recommending that the Agency Board provide the Redevelopment Director with authority to
extend the ENRA for up to 120 days. The parties believe the additional time will permit resolution
of remaining issues.
J
CONTINUED ON ATTACHMENT: F1 YES SIGNATURE:
2-6E-COMMENDATION OF COUNTY ADMINISTRATOR ❑ RECO , E ATION OF OARD COMMITTE
Ea-<PPROVE ❑ OTHER i
SIGNATURE(S): %,. j �
ACTION OF BO R4::��4&1
ON
APPROVED AS RECOMMEND11D OTHER ❑
VOTE OF SUPERVISORS: I HEREBY CERTIFY THAT THIS IS A TRUE AND
CORRECT COPY OF AN ACTION TAKEN AND
—)!(UNANIMOUS(ABSENT ) ENTERED ON THE MINUTES OF THE BOARD OF
AYES: NOES: SUPERVISORS/AGENCY ON THE DATE SHOWN.
ABSENT: ABSTAIN: ATTESTEP., // J.O
Contact: Jim Kennedy JOHN CUL N, CLERK OF HE BOARD OF
335-7225 SUPERVISORS/AGENCY SECRETARY
orig: Redevelopment
cc: County Administrator By: Qeputy
County Counsel
via Redevelopment
• Goldfarb & Lipman
• The Olson Company
• City of Walnut Creek
G:\CDBG-REDEV\redev\Alicia(formally LNoble)\Personal\Board Orders and Greenies\BOARD.RDA.8.14.07 las juntas way.doc