HomeMy WebLinkAboutReso 2001-057 RESOLUTION NO 2001-057
(AGENCYRESOLUTIONNO. 1716)
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AND THE CHULA VISTA
REDEVELOPMENT AGENCY AUTHORIZING THE
APPPROPRIATION AND PAYMENT OF $545,000 TO THE
SWEETWATER UNION HIGH SCHOOL DISTRICT FROM
THE REDEVELOPMENT AGENCY LOW AND MODERATE
iNCOME HOUSiNG FUND PURSUANT TO THE TERMS AND
CONDITIONS OF THE PROPERTY EXCHANGE
AGREEMENT APPROVED iN SEPTEMBER 1995, BETWEEN
THE CITY OF CHULA VISTA, CHULA VISTA
REDEVELOPMENT AGENCY AND THE SWEETWATER
UNION HIGH SCHOOL DISTRICT WHICH PROVIDED THE
LAND NECESSARY TO DEVELOP THE CHULA VISTA
VETERANS HOME
WHEREAS, in September 1995, the City of Chula Vista and its' Redevelopment Agency
CCity/Agency") approved a Property Exchange Agreement ("Agreement") with the
Sweetwater Union High School District ("District") that provided the land necessary for the
Chula Vista Veterans Home; and
WHEREAS, the differential in appraised values for the properties exchanged between the
City/Agency and the District was $545,000 in favor of the District; and
WHEREAS, pursuant to the terms and conditions of the Agreement, the City/Agency, in
co-operation with the District, was responsible for providing additional property (up to the
$545,000 value) for a new District Corporation Yard or, if the property was not obtained within
three (3) years of the effective date of the Agreement, the District could request full payment in
cash; and
WHEREAS, the District, in a letter dated February 1, 2001, to the City Manager,
formally requested payment in full for this outstanding debt; and
WHEREAS, staff recommends authorizing the repayment of $545,000 from the
unappropriated fund balance of the Low and Moderate Income Housing Fund; and
WHEREAS, the expenditure of Low/Moderate Fund monies for the Veterans Home
Project has been found consistent with Redevelopment Law because the Veterans Home
houses low and moderate income veterans and benefits the project areas.
NOW, THEREFORE, BE IT RESOLVED that the City CounciFRedevelopment Agency
of the City of Chula Vista authorizes the appropriation and payment of $545,000 to the
Sweetwater Union High School District pursuant to the terms and conditions of the Property
Exchange Agreement approved in September, 1995, between the City of Chula Vista, Chula
Vista Redevelopmerit Agency and the Sweetwater Union High School District which provided
the land necessary to develop the Chula Vista Veterans Home.
Resolution 2001-057
Page 2
BE IT FURTHER RESOLVED that the amount of $545,000 is hereby appropriated from
the unappropriated fund balance of the Low and Moderate Income Housing Fund to the
Sweetwater Union High School District.
BE IT FURTHER RESOLVED that the expenditure of Low and Moderate Income
Housing Fund monies for the development of the Veterans Home project is hereby found and
determined, pursuant to Health and Safety Code Section 33334.2(g), to be of benefit to the
Agency project areas by housing low and moderate income veterans; and that, to the extent
possible, use restrictions on the project have been imposed to ensure the continued
affordability of the project to low and moderate income residents.
Presented by Approved as to form by
o%s&% e,opmen, D,,ec,or
PASSED,hAPPROVED, and ADOPTED by the City CoEnci] of the City of Chnla Vista,
California, this 6t day of]~arch, 2001, by the following vote:
AYES: Councilmembers: Davis, Padilia, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: Rindone
Shirley Horto~f, Mayor '
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. 2001-057 was duly passed, approved, and hadopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 6t day of March, 2001.
Executed this 6th day of March, 2001. ~ JA~
Susan Bigelow, City Clerk