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HomeMy WebLinkAboutReso 1988-13386 RESOLUTION NO. 13386 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING AGREEMENT BETWEEN THE CITY OF CHULA VISTA AND SOUTH BAY PIONEERS GUARANTEEING CONSTRUCTION OF STREET IMPROVEMENTS ALONG SOUTH SIDE OF THE 200 BLOCK OF "C" STREET AND AUTHORIZING THE MAYOR TO EXECUTE SAID AGREEMENT The City Council of the City of Chula Vista does hereby resolve as follows: NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista that that certain agreement between THE CITY OF CHULA VISTA, a municipal corporation, and SOUTH BAY PIONEERS guaranteeing construction of street improvements along the south side of the 200 block of "C" Street dated the ]Stb day of D~mh~r , 1987, a copy Of which is attached hereto and incorporated herein, the same as though fully set forth herein be, and the same is hereby approved. BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista be, and he is hereby authorized and directed to execute said agreement for and on behalf of the City of Chula Vista. Presented by Approved s to form by r on City 0374a ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF CHULA VISTA, CALIFORNIA, this lSth day of, December 19 87 , by the following vote, to-wit: AYES: Councilmen Moore. Malcolm~ Nader NAYES: Councilmen None ABSTAIN: CoL~cilmen None ABSENT: Councilmen cox, McCandliss MAYOR PRO TEMPORE OF THE CITY OF CHULA VISTA ATTEST ,~"'~~ ~' ~ STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) ss. CITY OF CHULA VISTA ) I, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Chulo Vista, Colifornio, DO HEREBY CERTIFY thor the obove ond foregoing is 0 full, true ond correct copy of RESOLUTION NO. 13386 ,ond thor the some hos not been omendad or repeoled. DATED  City Clerk CRY OF CHULA VISI'A CC-660 AGREEMENT BETWEEN THE CITY OF CHULA VISTA AND THE SOUTH BAY PIONEERS FOR THE INSTALLATION OF IMPROVEMENTS ON "C" STREET ADJACENT TO THE SOUTH BAY PIONEERS THIS AGREEMENT, is made and entered into this 15th day of December, 1987 by and between THE CITY OF CHULA VISTA, a municipal corporation, hereinafter called "City" and SOUTH BAY PIONEERS, hereinafter called "Pioneers; WHEREAS, the South Bay Pioneers are completing the construction of a 18 unit apartment complex, and WHEREAS, as a condition of their development and building permit, the Pioneers are required to install pavement, curb, gutter and sidewalk adjacent to their property at 270 A, B, C, D & E "C" Street, Assessors Parcel Number 566-060-001, and WHEREAS, the cost estimate for all the improvements is $210,000, and WHEREAS, the City has budgeted ~160,000 in the FY 1987-88 Capital Improvement Program in Community Development Block Grant Funds for the City's participation in the cost of these improvements, and WHEREAS, the improvements are designated as Project ST-411. WITNESSETH: The City and the Pioneers agree as follows: 1. The recitals listed above are incorporated into this Agreement. 2. The City will contribute funds in the maximum amount of $160,000. 3o Pioneers will be responsible for all project costs which exceed $160,000. This includes costs of improvements, engineering, surveying, soils investigation and testing, inspection, project management, utilities relocation and right of way acquisition. 4o City will prepare the required environmental review, plans, specifications, cost estimate, advertise for bids and cause the improvements to be constructed under a City Public Works Contract, all of which shall become part of the project cost. -1- 5. City will provide all engineering, surveying, soils investigation and testing, inspection, project management, utilities relocation and right of way acquisition, which shall become a project cost. 6. Pioneers will deposit with the City Finance Officer the sum of $50,000 upon approval of this agreement and before occupancy of any of the 18 apartment units. Interest shall accrue to this deposit and shall be used to pay the cost of the project that exceeds ~160,000. If the $50,000 and accrued interest is not sufficient to cover project costs which exceed ~160,000, Pioneers will deposit additional funds with the City Finance Officer upon written notice by the City Engineer. Upon completion of the project, any excess funds deposited by Pioneers which are not needed shall be returned to Pioneers. 7. Pioneers agree to grant any right of way or letters of entry required for the construction of the improvements. THE CITY OF CHULA VISTA SOUTH BAY PIONEERS Approved as to form by -2-