HomeMy WebLinkAbout2011/11/29 Item 02
RESOLUTION NO.
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA SUPPORTING THE PHASE III EXPANSION OF
THE SAN DIEGO CONVENTION CENTER PROVIDED THAT
THE BOARD OF PORT COMMISSIONERS SUPPORT
FINANCING FOR EXISTING AND FUTURE SOUTH BAY
PROJECTS
WHEREAS, the proposed $550 million expansion of the San Diego
Convention Center would create the largest contiguous exhibit hall west of the
Mississippi River with the largest ballroom of any conventional facility along the
West Coast; and
WHEREAS, the San Diego Unified Port District (Port) will hold a special
meeting on November 29, 2011 to consider the request from the Mayor of the
City of San Diego that the Port commit $3 million annually for twenty years
towards the proposed expansion of the San Diego Convention Center; and
WHEREAS, the City of Chula Vista ("Chula Vista'') supports expanding the
San Diego Convention Center for the economic well-being of the region and
appropriate levels of Port funding therefor; and
WHEREAS, Chula Vista and Port approved the Chula Vista Bayfront
Master Plan (CVBMP), certified an environmental impact report in connection
therewith, and expect to receive approval of the Plan from the California Coastal
Commission in early 2012; and
WHEREAS, the CVBMP is a project important to the well-being of the
region and will be an economic driver for Chula Vista and the other Port member
cities; and
WHEREAS, Chula Vista and Port are in the process of finalizing a
financing agreement for the implementation of the CVBMP (the "CVBMP
Financing Agreement"), pursuant to which the Port agrees to pledge 100% of its
CVBMP related lease revenues and the City and Redevelopment Agency agree
to pledge 100% of their CVBMP related Transient Occupancy Tax and Tax
increment revenues, respectively; and
WHEREAS, other existing and proposed capital projects within the South
Bay tidelands are important and necessary for the economic success of the
South Bay member cities and the region.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City
of Chula Vista hereby:
G~
Supports the Port's proposed funding for the Phase III expansion of the
San Diego Convention Center provided that the Board of Port
Commissioners also support and approve funding for (a) the CVBMP
Financing Agreement; (b) the currently approved Port Capital
Improvement Program; and (c) the completion of the H Street
Extension project by December 2012; and
2. Requests that new Port revenues in excess of the $3 million required
for the Phase III Expansion, including the $4.5 million in annual
savings from the expiration of the Port's commitment to the Phase II
Expansion, and/or other available funds, be equitably distributed for
the benefit of member cities, including, as necessary to expedite the
CVBMP and/or implement other Chula Vista Bayfront projects as
determined by the City Council.
PASSED and ADOPTED this 29t" day of November, 2011.
Presented by
James D. Sandoval
City Manager
Approved as to form by
Glen R. Googin ,
orney
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