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HomeMy WebLinkAboutReso 2001-386 RESOLUTION NO. 2001-386 (AGENCY RESOLUTION NO. 1756) RESOLUTION OF THE CITY COUNCIL AND THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA AMENDiNG THE STOREFRONT RENOVATION PROGRAM BY INCREASiNG REBATE AMOUNTS FOR ELIGIBLE PROJECTS iN THE TOWN CENTRE I REDEVELOPMENT PROJECT AREA, AND EXPANDiNG THE PROGRAM TO ELIGIBLE PROJECTS iN THE H STREET CORRIDOR BETWEEN BROADWAY AVENUE AND INTERSTATE - 5, TRANSFERRING FUNDS FOR THE PROGRAM FROM THE TOWN CENTRE I PROFESSIONAL SERVICES FUND TO THE COMMUNITY DEVELOPMENT SPECIAL PROJECTS FUND, AND AUTHORIZING THE COMMUNITY DEVELOPMENT DIRECTOR TO ENTER INTO AGREEMENTS WITH ELIGIBLE PARTICIPANTS WHEREAS, the Storefront Renovation Program was established by Joint Resolution on November 14, 2000, establishing matching rebates for eligible fagade and signage projects in a target area of the Town Centre I Redevelopment Project Area; and WHEREAS, City Council authorized the H Street Beautification Program by resolution on September 18, 2001, authorizing a beautification of a primary entryway to the City on H Street between Broadway Avenue and Interstate 5; and WHEREAS, City Council has determined to increase Storefront Renovation Program rebate amounts to more closely match current market conditions; and WHEREAS, City Council has determined to extend the Storefront Renovation Program to the H Street Beautification Project area between Broadway Avenue and Interstate-5 and to modify the program to suit needs in the H Street area; and NOW, THEREFORE, BE IT RESOLVED the City Council and Redevelopment Agency of the City of Chula Vista do hereby amend the Storefront Renovation Program to: 1. Provide a 50-pement matching rebate for eligible full fagade improvements in target areas up to a maximum amount of $10,000. 2. Provide a 30-percent matching rebate for eligible storefront sign projects up to a maximum amount of $4,000. 3. Provide 50-percent matching rebates for eligible monument sign projects in the H Street Corridor target area up to a maximum amount of $8,000. FURTHER, BE IT RESOLVED, the City Council and Redevelopment Agency of the City of Chula Vista do hereby authorize the transfer of program funds from the Town Centre I Professional Services Fund to the Community Development Special Projects Fund; and Resolution 2001-386 Page 2 FURTHER, BE IT RESOLVED, the City Council and Redevelopment Agency of the City of Chula Vista do hereby authorize the Community Development Director to enter into agreements with eligible participants. Presented by Approved as to form by Chris Sa~mone J~o~/M. Kaheny Community Development Director Llgity Attorney and Agency ClYunsel PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, Califomia, this 13th day of November, 2001, by the following vote: AYES: Councilmembers: Davis, Padilla, Rindone, Salas, and Horton NAYS: Councilmembers: None ABSENT: Councilmembers: None Shiley Horto~, Mayor ATTEST: Susan Bigelow, City Cle~rk 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. 2001-386 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 13th day of November, 2001. Executed this 13th day of November, 2001. Susan Bigelow, City Clerk