WHEREAS, Section 34191.5(b) requires the Successor Agency to prepare a long range property management plan (“LRPMP”) addressing the future disposition and use of all real properties of the Former Agency no later than six months following the Department of Finance’s (“DOF”) issuance to the Successor Agency of a finding of completion under Section 34179.7; and

 

WHEREAS, the Successor Agency received a Finding of Completion on August 7, 2013, and thereafter prepared its LRPMP, which was approved by the local oversight board on October 1, 2015 and then by the DOF in a decision letter issued and dated as of October 9, 2015; and

 

WHEREAS, the Successor Agency has negotiated the terms of a Purchase and Sale Agreement (“Agreement”) with Habitat for Humanity East Bay/Silicon Valley (“Purchaser”) related to the disposition of certain real  property of approximately 10,890 square feet of land with a common address of 250 Cleaveland Road, Pleasant Hill, California, and identified as Assessor’s Parcel Number (“APN”) 149-130-016, as listed on the LRPMP as Property No. 1 (“Property”); and

 

WHEREAS, the purchase price for the Property under the Agreement is $10; and

 

WHEREAS, the Purchaser has proposed to develop the Property with seven single-family units of affordable housing with low and moderate income ownership units; and

WHEREAS, the Successor Agency approved the Agreement at a special meeting on September 16, 2019 and submitted it to the Oversight Board for its review, consideration and approval; and

 

WHEREAS, in compliance with Section 34181(f), the Oversight Board published notice of its consideration of the Agreement at this Public meeting after at least 10 days’ notice to the public; and

 

WHEREAS, pursuant to Dissolution Act Section 34191.5(f), if the Oversight Board approves the Agreement, no further action by DOF is required to complete the transfer and transaction, therefore, this Agreement is not subject to submittal to, or further review and approval by DOF because this Agreement carries out the LRPMP and DOF approved that LRPMP in accordance with the Dissolution Act, including without limitation, Sections 34179, 34181 and 34191.5; and

 

WHEREAS, the transfer of the Property to the Purchaser under the Agreement complies with the Dissolution Act and is in the best interests of the taxing entities.

 

  

NOW, THEREFORE, THE CONTRA COSTA COUNTYWIDE OVERSIGHT BOARD DOES HEREBY FIND AND RESOLVE AS FOLLOWS:

Section 1. The above recitals are true and correct and are a substantive part of this Resolution.
 

Section 2. The Oversight Board hereby approves the transfer of the Property and approves the Agreement in substantially the form attached hereto as Exhibit “A”.
 

Section 3. The officers of the Oversight Board and the staff of the Successor Agency are hereby authorized and directed, jointly and severally, to do any and all things which they may deem necessary or advisable to effectuate this Resolution, and any such actions previously taken by such officers and staff are hereby ratified and confirmed.
 

Section 4. That a certified copy of this resolution shall be filed with the Successor Agency and Oversight Board Secretaries.