HomeMy WebLinkAboutReso 1998-19270 RESOLUTION NO.19270
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING AN AGREEMENT BETWEEN THE CITY OF
CHULA VISTA AND THE BOYS & GIRLS CLUB OF CHULA VISTA
TO RESTRUCTURE THE REPAYMENT OF A LOAN IN THE
AMOUNT OF $250,000 IN CONSIDERATION OF USE BY THE
CITY OF CHULA VISTA OF BOYS & GIRLS CLUB FACILITIES
WHEREAS, in a letter to the City Council dated September 11, 1998, the Boys & Girls
Club of Chula Vista requested a full waiver from the obligation to repay a loan from the City
of Chula Vista in the amount of $250,000; and
WHEREAS, the repayment period of the loan is scheduled to commence on February
23, 1999; and
WHEREAS, on August 19, 1986, the City Council approved an Agreement between
the City and the Boys and Girls Club for a loan amount not to exceed $250,000 for the
construction of a new Club facility; waived all permit fees; and approved a second amendment
to the land lease agreement between the City and the Boys & Girls Club for a lease of park
land in Greg Rogers Park; and
WHEREAS, the park lease agreement was approved by the City Council in November
1977, and was for a term of 40 years commencing December 1, 1977 and ending November
30, 2017, and the second amendment to the land lease agreement provided for a 90 day
notice to vacate the facility at Greg Rogers Park (the Club's Oleander site), should the City
need for the park land for redevelopment; and
WHEREAS, staff recommends restructuring the loan based on the Club's inability to
absorb the debt into their operating costs and the belief that should the Club have additional
debt, it may affect their ability to program recreation activities in the community and the likely
impact such a reduction would have on the City's budgeted recreation programs which would
need to be expanded to accommodate community needs.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista
does hereby approve an Agreement, a copy of which is on file in the office of the City Clerk,
known as Document Number CO98-232, between the City of Chula Vista and the Boys &
Girls Club of Chula Vista to restructure the repayment of a $250,000 loan in consideration of
the use of Boys & Girls Club facilities by the City of Chula Vista, in the form presented, with
such minor modifications as may be required or approved by the City Attorney.
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.
Presented by Approved as to form by
"' Joh M Kaheny
~sCi ager ney
Resolution 19270
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 24~h day of November, 1998, by the following vote:
AYES: Councilmembers: Moot, Rindone, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: Padilia
ABSTAIN: Councilmembers: None
Shirley H~ort~,~Mayor
ATTEST:
~Auth~let, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of Chula Vista, California, do hereby certify that the
foregoing Resolution No. 19270 was duly passed, approved, and adopted by the City Council
at a regular meeting of the Chula Vista City Council held on the 24'h day of November, 1998.
Executed this 24th day of November, 1998.
~elet,'City Clerk '