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HomeMy WebLinkAboutAgenda Statement 1973/06/12 Item 07~" AGENDA ITEM N0. [ 7 ] CHULA VISTA CITY COUNCIL MEETING OF: JUNE 12, 1973 ITEM TITLE: RESOLUTION - APPROVING DEED RESTRICTION, PER GRANT REQUIREMENTS FOR OPEN SPACE LAND (OTAY AND LARKHAVEN PARK SITES) INITIATED BY: DIRECTOR OF FINANCE BACKGROUND Recipients of Open Space Grants are required to record a restriction on the Deed or Land Records that the property's ownership cannot be transferred without the prior approval of the Secretary of Housing and Urban Development. Once the deed restriction has been recorded the City of Chula Vista will be eligible to recoup $72,079.82. ATTACHED: Resolution [X] Financial Statement: N/A Commission-Board Recommendation: Department Head Recommendation City Manager Recommendation: Recommend approval Ordinance [ ] Agreement [ ] Plat [ ] See EXHIBITS [XX] No. 1 Recommend Approval ~'~~b'y