The General Fund, Org 4303, will receive 100% of the $425,000 sale proceeds. Of this amount, $42,500 will be transferred from the District I portion of the Livable Communities Trust Fund for the purchase of Parcel 2.
The County acquired Parcel 1 in 1997. The property is improved with a one-story structure containing approximately 1,620 square feet on a lot that is approximately 2,500 square feet in size. In 2000, the County leased Parcel 1 to Contra Costa Senior Legal Services, a California Corporation. In 2014, Contra Costa Senior Legal Services terminated its tenancy. Since that time, the Contra Costa County Employment & Human Services-Aging Adult Services (EHSD) has occupied the building. EHSD vacated the building in March 2019.
The County acquired Parcel 2 in 1976. Parcel 2 is unimproved land that is in the vicinity of Parcel 1. Parcel 2, which is approximately 5,000 square feet and 50 feet wide, has been used for parking purposes for staff at 4006 MacDonald Avenue.
RYSE has offered to pay $425,000 for the Property, which the Real Estate Division of the Public Works Department estimates is its fair market value. Following the acquisition of the Property, RYSE intends to house RYSE’s administrative activities and possibly some of RYSE’s existing programs and services as well as expand their facility parking.
The Livable Communities Trust Fund (Fund) is a Special Revenue Mitigation Fund established by the Board of Supervisors on November 15, 2005, following the approval of the Camino Tassajara Combined General Plan Amendment Project, also known as the Alamo Creek and Intervening Property residential project, to implement a condition of approval. The residential developers pay a fee of $8,000 per unit (excluding affordable housing portion of the projects) into the Fund. The Department of Conservation and Development administers the Fund. Upon completion of the build-out of the development project contributing to the fund revenue balance, deposits in to the Fund will total $8,448,000. As of February 22, 2019, the account has collected $8,096,000 in fees and $611,520.50 in accrued interest with $6,006,045.90 remaining in uncommitted funds. There have been $994,171.69 in expenditures. The project and previously approved Fund expenditures are shown in the “Livable Communities Trust Fund” attachment. The Fund was established to implement the County’s Smart Growth Action Plan. The acquisition of the property by RYSE supports goal four of the Smart Growth Action Plan to promote economic revitalization in urban infill communities.
If the conveyance of the Property in accordance with the Purchase and Sale Agreement and the allocation of Livable Communities Trust Funds monies are not approved, RYSE, Inc., will not be able to house their administrative activities, programs or services at 4006 MacDonald Ave. or expand their facility parking to include Unimproved land in the vicinity of 4006 MacDonald Ave.