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HomeMy WebLinkAboutMINUTES - 03112008 - C.114 04 TO: REDEVELOPMENT AGENCY � w''s.----- Son ra x Costa FROM: John Cullen, Executive ]Director DATE March 11 2008 _ County SUBJECT: Orbisonia Heights Property Acquisition,Bay Point Area SPECIFIC REQID3ST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION Recommended Action: A. APPROVE Purchase and Sale Agreement and ACCEPT the Grant Deed from Kathryn M. Qualls, for the purchase of 680 S. Broadway Avenue,Bay Point, identified as Assessor's Parcel Number 094-026-001. B. AUTHORIZE the Redevelopment Director to execute said Purchase and Sale Agreement on behalf of the Redevelopment Agency. C. APPROVE payment of$120,000 for said property rights and AUTHORIZE the Auditor-Controller to issue a check in said amount payable to Financial Title Insurance Company, 1676 North California Blvd. Suite P117, Walnut Creek, CA 94596, Escrow No. 43143364-510-HM, to be forwarded to the Real Property Division for delivery. D. Direct the Real Property Division to have the above referen ed Grant Deed deliv ed to the Title Company for recording in the Office of the; County Recorder. / Continued on Attachment: ® SIGNATURE: : E11RECOMMENDATION OF COUNTY ADMINISTRATOR ❑ RECOMMENDATION OF BOARD COMMITTEE PROVE OTHER SIGNATURE(S): ACTION OF B A ON� � �1 L .�pj APPROVE AS RECOMMENDED OMR VOTE OF SUPERVISORS V- UNANIMOUS(ABSENT J� ) AYES: NOES: n ABSENT: ABSTAIN: :csp G:\RealProp\Redevelopmem\BO Orbisonia Heights Qualls P'arcel.doc Ong.Div: Redevelopment Agency Contact: Maureen Toms—Redevelopment Agency(335-7230) I hereby certify that this is a true and Correct cc: County Administrator copy of an action taken and entered on the Assessor's Office+ minutes of the Board of Supervisors on the PW Read Property-C.Pina-Sandoval date shown. ATTESTED: �" ` s JOHN CULLEN,Cle k of the Board of Supervisors and County Administrator By� � �- Deputy M SUBJECT: Orbisonia Heights Property Acquisition,Bay,Point Area DATE: March 11, 2008 PAGE: 2 Fiscal Impact: This activity is funded by the Contra Costa County Redevelopment Agency(100%). No General Fund money was used on this project. Reasons for Recommendations and Background: This project is to redevelop approximately 7.6 acres of the Orbisonia Heights subdivision with residential mixed-use, transit-oriented development as described and planned for in the Pittsburg/Bay Point BART Station Specific Plan approved by the Contra Costa County Board of Supervisors. In order to meet the purpose of this portion of the Specific Plan acquisition of the existing residential properties southeast of the State Highway 4/Bailey Road Interchange must occur. Consequences of Negative Action: The Agency will not be able to assemble this property,with the current properties already acquired within the Specific Plan in the unincorporated community of Bay Point in Contra Costa County.