HomeMy WebLinkAboutReso 1998-19297 RESOLUTION NO.19297
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPRQVING A DEFERRAL AGREEMENT WITH MCMILLIN
OTAY RANCH LLC CONCERNING THE DEVELOPMENT OF
CERTAIN PARCELS IN THE OTAY RANCH SPA ONE AND
AUTHORIZING THE MAYOR TO EXECUTE SAID AGREEMENT
WHEREAS, the Qtay Ranch SPA One Public Facilities Financing Plan (PFFP) approved
by Council on October 6, 1998, establishes trigger points for constructing necessary
infrastructure improvements; and
WHEREAS, the trigger points are linked to cumulative Equivalent Dwelling Units (EDU's)
approved by the final map in the entire SPA; and
WHEREAS, the PFFP states that an agreement to construct two critical regional
transportation improvements needs to be entered into and secured (i.e., cash deposit or
bonding for the construction) before a final map can be approved which triggers the
cumulative EDUs; and
WHEREAS, the two transportation improvements and the cumulative EDUs that trigger
those improvements are: Telegraph Canyon Road at Qtay Lakes Road Intersection
improvements and Olympic Parkway - Brandywine Avenue to Paseo Ranchero; and
WHEREAS, in order to continue to process the single family development, the
developers have proposed to the City that they withhold development and defer building
permits on the commercial and community purpose lots until both of the above transportation
improvement projects are under construction.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista
does hereby approve a Deferral Agreement and Declaration of Covenants Running with the
Land, a copy of which is on file in the office of the City Clerk, as Document Number C098-
242, with McMillin Otay Ranch LLC concerning the Development of Certain Parcels in the
Otay Ranch SPA One.
BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista is hereby
authorized and directed to execute said Agreement on behalf of the City of Chula Vista.
Presented by Approved as to form by
~/~Jo~l~. Lippitt ~ ~
~'~ Public Works Director J~' n M. Kaheny
ey
Resolution 19297
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 8'h day of December, 1998, by the following vote:
AYES: Councilmembers: Davis, Padilia, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: Moot
S h~ M'M~
ATTEST:
Authelet, 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. 19297 was duly passed, approved, and adopted by the City Council
at a regular meeting of the Chula Vista City Council held on the 8'h day of December, 1998.
Executed this 8'h day of December, 1998.
uthelet, City Clerk