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HomeMy WebLinkAboutReso 2011-241RESOLUTION NO. 2011-241 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA AUTHORIZING THE CITY ,MANAGER TO ENTER INTO A PURCHASE AND SALE AGREEMENT FOR A 1.89-ACRE PARCEL ("MCCUNE") TO BE EXCHANGED FOR A PARCEL IN THE LOWER SWEETWATER VALLEY FOR PARK PURPOSES FOR THE NEGOTIATED PRICE OF $940,000, APPROVING AN INTERFUND LOAN IN THE AMOUNT OF $310,000 FROM THE EASTERN PARKLAND ACQUISITION AND DEVELOPMENT FEE FUND TO THE WESTERN PARKLAND ACQUISITION AND DEVELOPMENT FEE FUND TO PARTIALLY FUND THE ACQUISITION OF THE SITE, AND APPROPRIATING FUNDS FROM THE EASTERN AND WESTERN PARKLAND ACQUISITION AND DEVELOPMENT FUNDS THEREFOR WHEREAS, the City of Chula Vista has proactively planned for the development and expansion of the auto park along the Main Street comdor east of the I-805 freeway between Brandywine Avenue and Maxwell Road; and WHEREAS, recently the City of Chula Vista Redevelopment Agency paid for the construction of an auto park directional sign to improve the visibility of the Chula Vista Auto Park; and WHEREAS, the City was approached by Tony McCune to purchase a 1.89-acre parcel (APN# 644-041-41) located in the Chula Vista Auto Park; and WHEREAS, the Agency prepared an appraisal for the site that determined the value to be $940,000 dollars; and WHEREAS, the seller agrees to accept monthly payments over a period of eleven months, at "no interest", from the City until the balance has been paid; and WHEREAS, the City proposes to use Park Acquisition and Development funds to purchase the1.89-acre parcel; and WHEREAS, the City will exchange the 1.89-acre parcel for property of equal size in the Lower Sweetwater Valley that will be used for public park purposes. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula does hereby approve a purchase and sale agreement fora 1.89-acre parcel (APN #644-041-41) in the Chula Vista Auto Park, in substantially the form presented with such minor modifications as may be required and approved by the City Attorney and authorizes the Mayor to execute the agreements or any other necessary agreement necessary to implement the agreements. Resolution No. 2011-241 Page 2 BE IT FURTHER RESOLVED that the City Council of the City of Chula does hereby appropriate $310,000 to the Transfers Out expense category of the Eastern Pazkland Acquisition and Development Fee Fund for a loan to the Western Parkland Acquisition and Development Fee Fund, and $598,000 to the Capital Expenses category of the Western Parkland Acquisition and Development Fee Fund for the purchase of land. Presented by Approved as to form by al i P. ., AICP len~~Googins Assistant i Manager/Director of ~ Atto ey Development Services PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 6th day of December 2011 by the following vote: AYES: Councilmembers: Aguilar, Bensoussan Castaneda, Ramirez and Cox NAYS: Councilmembers: None ABSENT: Councilmembers: None ATTEST: Donna R. Norris, CMC, City Clerk STATE OF CALIFORNIA COUNTY OF SAN DIEGO CITY OF CHULA VISTA Cheryl Cox, ayo I, Donna R. Norris, City Clerk of Chula Vista, California, do hereby certify that the foregoing Resolution No. 2011-241 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 6th day of December 2011. Executed this 6th day of December 2011. Donna R. Norris, CMC, City Clerk