Agenda

Return

C. 33

To:	Board of Supervisors
From:	John Kopchik, Director, Conservation & Development Department
Date:	March 9, 2021

Contra

Costa

County

Subject:

Amended Exclusive Negotiating Agreement-Rodeo Plaza

APPROVE	OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR	RECOMMENDATION OF BOARD COMMITTEE

Action of Board On: 03/09/2021

APPROVED AS RECOMMENDED

OTHER

Clerks Notes:

VOTE OF SUPERVISORS

AYE:

John Gioia, District I Supervisor
Diane Burgis, District III Supervisor
Karen Mitchoff, District IV Supervisor
Federal D. Glover, District V Supervisor

ABSENT:

Candace Andersen, District II Supervisor

Contact:

Maureen Toms, 925-674-7878

I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown.
ATTESTED: March 9, 2021
Monica Nino, County Administrator

BY:	, Deputy

RECOMMENDATION(S):

APPROVE and AUTHORIZE the Conservation and Development Director, or designee, to execute an amendment to the Exclusive Negotiating Agreement between the County and City Ventures Homebuilding, LLC, dated March 26, 2019, to extend its term through March 26, 2022.

FISCAL IMPACT:

No impact to the General Fund. Staff project costs are covered by the Housing Successor budget.

BACKGROUND:

The County and City Ventures Homebuilding, LLC (Developer), entered into an exclusive negotiating agreement dated March 26, 2019, under which the County granted the Developer an exclusive right, through March 26, 2021, to determine the feasibility of developing a project on County-owned property located at 223 Parker Avenue in Rodeo, California, and to negotiate a disposition and development agreement for the acquisition of the property by the Developer. If the Developer acquires the property, the Developer plans to construct a mixed-use development, consisting of 24 townhomes and approximately 2,000 square feet of commercial space, and a public plaza on the property.

BACKGROUND: (CONT'D)

The disposition and development agreement between the County and the Developer has not been completed. The amendment that is the subject of this board order will extend the term of the exclusive negotiating agreement for one year to enable the parties to finalize the terms of the transfer of the property.

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.

CONSEQUENCE OF NEGATIVE ACTION:

Development of a Housing Successor asset will be delayed.