HomeMy WebLinkAboutReso 1999-19667 COUNCIL RESOLUTION NO. 19667
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING AN ECONOMIC INCENTIVE
AGREEMENT BETWEEN THE CITY AND THE EASTLAKE
DEVELOPMENT COMPANY AND AUTHORIZING THE
MAYOR TO EXECUTE SAME
WHEREAS, the City of Chula Vista wishes to strengthen the local economy, ensuring both
a growing tax base and quality employment opportunities for Chula Vista residents, by undertaking
strategic business attraction efforts; and
WHEREAS, the City, in coordination with the EastLake Development Company, previously
established a High Tech/Biotech Incentive Zone via Ordinance No. 2621 in order to offer incentives
to qualifying technology-based companies to encourage their location within the EastLake Business
Center Phases I and II; and
WHEREAS, the City and EastLake are coordinating to encourage Leviton Manufacturing
Companyto locate its 90,000 sq. It. Western Regional office/R&D/warehouse facility and related 200
employees within EastLake Business Center II, and to make available, affordable, and ready for
development the balance of Phase II for recruitment of additional high tech employers; and
WHEREAS, costly City fees and assessments associated with the EastLake Business Center
have inhibited the development of Phase II; and
WHEREAS, Leviton's fees at the EastLake site are approximately $800,000 to $1 million
higher than other candidate sites that were being considered by the company; and
WHEREAS, the City of Chula Vista and the EastLake Development Company wish to
provide incentives to Leviton Manufacturing Company to locate within Chula Vista and to reduce
the Transportation Development Impact Fees (TDIF) for the entire Business Center II.
NOW, THEREFORE, BE IT RESOLVED, City Council of the City of Chula Vista does
hereby approve the economic incentive agreement between the City and the EastLake Development
Company, a copy of which is on file with the office of the City Clerk.
BE IT FURTHER RESOLVED, that the Mayor of the City of Chula Vista is hereby
authorized and directed to execute said agreement for and on behalf of the City of Chula Vista.
Resolution 19667
Page 2
Presented by Approved as to form by
Community Development Director
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 16th day of November, 1999, by the following vote:
AYES: Councilmembers: Davis, Padilia, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: Moot
Shirley Horton, I~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. 19667 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chula Vista City Council held on the 16'h day of November, 1999.
Executed this 16th day of November, 1999.
~~"~-~~ _,
Susan Bigelow, City Clerk