HERCULES -- The City Council will meet in special session Tuesday to revisit the Victoria Crescent real estate issue that appeared to have died last week.
On Jan. 8, the council discussed a draft resolution to extend an important deadline in a purchase-and-sale agreement with developer City Ventures LLC for the 6.37-acre tract along San Pablo Avenue north of Highway 4, known as Victoria Crescent. But it did not come to a vote, after no one seconded Councilman Dan Romero's motion to adopt.
City Ventures has a Jan. 18 deadline to conduct a feasibility study to determine whether it should proceed with the purchase, for about $2.1 million. The developer wants to build a residential project of 36 to 44 units that would be equipped with solar panels and other "green" features.
Opponents have criticized housing plans for Victoria Crescent, saying the city's development mix is too skewed in favor of housing over commercial and retail activities that create jobs.
City Manager Steve Duran said in a staff report that the proposed deadline extension was dictated largely by the extra time the city needed to transfer the property to the redevelopment successor agency in accordance with state law related to the dissolution of redevelopment agencies statewide.
Victoria Crescent and another, 17.27-acre property known as Parcel C, are attached under a 2011 court settlement with the city's bond insurer, Ambac Assurance Corp. Many details of the settlement are not known, but city administrative officials have warned that failure to quickly sell the properties could have dire consequences for the city.
On Monday, Mayor John Delgado said he called Tuesday's special meeting because three council members had made positive remarks about the resolution at last week's meeting and because, even though it is unusual, a mayor can second a motion.
"I don't want this thing to fail because of a parliamentary mistake," Delgado said.
It was unclear Monday why none of the other council members seconded Romero's motion last week.
Tuesday's special council meeting will be at 6 p.m. and will precede a 7 p.m. special joint meeting with the West Contra Costa Unified School District board. Both meetings will be in the council chamber at Hercules City Hall, 111 Civic Dr.
And on Wednesday, the oversight board of the Hercules Redevelopment Agency successor agency will take up the Victoria Crescent extension issue, at 7 p.m., also in the council chamber.