RECOMMENDATION(S): (CONT'D)
AUTHORIZE the Public Works Director, or designee, to execute said Purchase and Sale Agreement and Rental Agreement on behalf of Contra Costa County (County).
APPROVE payment of $9,750,000 for said property rights and AUTHORIZE the Auditor-Controller to issue a check in the amount of $1,799,000 payable to North American Title Company, 645 San Ramon Valley Blvd., Danville, CA 94526, Escrow No. 826013-08 to be forwarded to the Real Property Division for delivery.
DIRECT the Real Property Division to have the above referenced Grant Deed delivered to the Title Company for recording in the Office of the County Recorder.
FISCAL IMPACT:
There is no impact to the County General Fund. The activity is funded by Contra Costa Transportation Authority (100%)
BACKGROUND:
These property rights are required for the State Route 4 East, Somersville Road to State Route 160 project in accordance with the approved plans and specifications.
CONSEQUENCE OF NEGATIVE ACTION:
The project will not have sufficient land rights to allow construction in accordance with the approved plans and specifications.
CLERK'S ADDENDUM
Relisted to the May 19, 2009 agenda