HomeMy WebLinkAboutReso 2000-087-- COUNCIL RESOLUTION NO. 2000-087
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING THE REVISED INCENTIVE
AGREEMENT WITH LEVITON MANUFACTURING COMPANY
WHEREAS, on November 16, 1999, Council approved a Business Incentive Agreement with
the Leviton Manufacturing Company and a related Economic Incentive Agreement with the
EastLake Development Company; and
WHEREAS, the agreement with EastLake not only supported the attraction of Leviton, but
also resulted in making available EastLake's remaining net 80 acres of business park land for
development and job creation; and
WHEREAS, in exchange for City and EastLake incentives, Leviton is building a 90,000 sq.
ft. facility and hiring approximately 200 employees over a period of 5 years; and
WHEREAS, Leviton has requested the following minor modifications to the Incentive
Agreement:
1. Inserting "approximately" in reference to the building square footage; and "good faith
efforts" as relates to the number of employees to be hired after the initial 66;
2. Extending maximum construction time from 14 months to 16 months; and the
opening deadline from 14 to 16 months;
3. Clarifying that waived fees are "processing" fees;
4. Clarifying both parties' agreement that Leviton will not be responsible for any City
fees other than the Interim SR 125 fee (as described in the agreement) and that if
"conditions subsequent" are not met, Leviton is responsible for reimbursing the City
for City expenditures only (up to $110,630);
5. Moving Items 11 and 13 in terms of which fees are being paid by which sources in
order to be consistent with language in EastLake's agreement with Leviton;
6. Updating language where tasks have already been accomplished or are moot;
including deletion of Exhibit C, the project schedule. New language states that the
building permit will be issued with 60 days of approved submittals;
7. Item 23 will provide for an amortization of the fee reimbursement to the City if for
some reason Leviton is forced to relocate out of the City or close operations before
the end of 10 years; i.e. their reimbursement obligation is reduced by 10% for each
year.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does
hereby approve the revised Incentive Agreement with Leviton Manufacturing Company
Resolution 2000-087
Page 2
Presented by Approved as to form
7--
Chris Salomone Jo . Kaheny
Community Development Director y
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 2 1st day of March, 2000, by the following vote:
AYES: Councilmembers: Davis, Moot, Salas, and Horton
NAY S: Councilmembers: None
ABSENT: Councilmembers: Padilla
Shir ayor
ATTEST: /
Susan Bigelow, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2000-087 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chula Vista City Council held on the 21 st day of March, 2000.
Executed this 21 st day of March, 2000.
Susan Bigelow, City Clerk