HomeMy WebLinkAbout192-97RESOLUTION NO. 192-97
APPROVING RE-PURCHASE OF FEE CREDITS IN CONJUNCTION WITH
THE PURCHASE OF PARCEL B OF MS 856-96
WHEREAS, Doug Oftenhartz is the owner of Parcel B of MS 856-96, immediately adjacent to
Green Valley Elementary School in the Town of Danville ("the Town"); and
WHEREAS, through Resolution No. 183-97, the Town Council approved the joint purchase of the
site with the San Ramon Valley Unified School District ("the District") for the purchase price of
$385,000, to be paid through the waiver of $192,500 in development fees by the Town and $192,500
in development fees by the District; and
WHEREAS, through Resolution No. 176-97, the Town Council transferred funds from the General
Fund into the Building Special Revenue Fund in order to fund the cost of building permit fee waivers
to be granted by the Town to Mr. Oftenhartz; and
WHEREAS, the Town now desires to re-purchase the fee waivers granted to Mr. Oftenhartz by the
Town, for a purchase price of $177,100; and
WHEREAS, said re-purchase results in a substantial financial savings to the Town and constitutes
prudent and appropriate financial stewardship; and
WHEREAS, Mr. Oftenhartz assumes all responsibility for shared improvements and costs
associated with Parcel A of MS 856-96 (Oakmont of Danville); now therefore be it
RESOLVED, by the Danville Town Council that it approves the re-purchase of fee waivers granted
to Doug Offenhartz in conjunction with the joint Town of Danville/San Ramon Valley Unified
School District purchase of Parcel B of MS 856-96; and be it further
RESOLVED, that the Town Council hereby appropriates $177,100 from the Building Special
Revenue Fund for the re-purchase of the subject fee waivers and authorizes the Town Manager to
take all steps necessary to complete the purchase, including the execution of a purchase agreement
and any other necessary documents.
APPROVED by the Danville Town Council at a regular meeting on December 16, 1997, by the
following vote:
AYES: Waldo,
NOES: None
ABSTAINED: None
ABSENT: None
Arnerich, Doyle, Greenberg,
Shimansky
MAYOR
.~A~?~PPROVED AS TO FORM:
CITY ATTORNEY
ATTEST: