The County, in its capacity as Housing Successor to the Contra Costa County Redevelopment Agency, is the owner of approximately 0.98 acres of vacant real property located near Willow Avenue and San Pablo Avenue in Rodeo, California, having Assessor’s Parcel No. 357-120-074. EAH, Inc. was the developer of the adjacent 50-unit senior housing, Rodeo Gateway Apartments. The County is also the owner of 189/199 Parker Avenue, Rodeo, the site of the existing Rodeo Senior Center. The County is exploring the possibility of selling the 189/199 Parker Avenue site and is exploring an alternative location to relocate the senior services.
The purpose of this Agreement is twofold. First, it is intended to enable the parties to assess the feasibility of the Development. Second, if the Development is determined to be feasible, it is intended to enable the parties to negotiate a disposition and development agreement (a “DDA”). Under the DDA, the Property would be conveyed to the Developer for construction of the Development. Because the vacant property is a housing asset of the former Redevelopment Agency, its disposition is governed by the County, in its capacity as Housing Successor.
Development of a Housing Successor asset will be delayed.