HomeMy WebLinkAboutReso 1987-13126 (a)
RESOLUTION NO. 13126
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING AN INCREASE IN THE FAIR
MARKET VALUE OF LAND FOR THE PURPOSE OF
ESTABLISHING THE IN-LIEU PARKING FEE
The City Council of the City of Chula Vista does hereby resolve as
follows:
WHEREAS, Chula Vista City Ordinance 19.62.040 states that the in-lieu
parking fee is based upon twenty-five percent of the fair market value of that
portion of the property which would have been required to be developed for
parking purposes; and
WHEREAS, for the purpose of establishing the in-lieu parking fee, the
fair market value of land has been computed at $16 per square foot; and
WHEREAS, the fair market value of land within the Downtown Parking
District has increased to $20 per square foot; and
WHEREAS, the Redevelopment Agency and the Town Centre Project Area
Committee have recommended an increase in the fair market value to $20 per
square foot for the purpose of establishing the in lieu parking fee.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Chula Vista approves an increase in the fair market value of land to $20 per
square foot for the purpose of establishing the in lieu parking fee pursuant
to City Ordinance 19.62.040.
Th a '
WPC 2992H
ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
L..jLA VISTA, CALIFORNIA, this 14th day of July
19 87 , by the following vote, to-wit:
AYES: Councilmembers Nayor Cox, Nader, l,loore, l,lcCandl~ss, Nalcolm
NAYES: Counci 1 members None
ABSTAIN: Councilmembers None
ABSENT: Counci]mernbe~'s None
,ayo.(Sf City of 'e, a vi. ta
S E OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Chula Vista, California,
DO HEREBY CERTIFY that the above and foregoing is a full, true end correct copy of
RESOLUTION N0, 1_3126 ,and that the same has not been amended or repealed.
DATED
(~ City Clerk
CIIY OF
CHULA
CC-660