HomeMy WebLinkAboutReso 1999-19410 RESOLUTION NO. 19410
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING AN AGREEMENT FOR THE FINANCING AND
CONSTRUCTION OF OLYMPIC PARKWAY PHASE I, II AND III
AND RELATED ROADWAYS BETWEEN THE CITY OF CHULA
VISTA, McMILLIN OTAY RANCH LLC AND OTAY RANCH
PROJECT LLC AND AUTHORIZING THE MAYOR TO EXECUTE
SAID AGREEMENT
WHEREAS, it is necessary to outline a financial plan for Olympic Parkway Phase I, II
and Ill and related roadways which extends from Brandywine Avenue to SR-125; and
WHEREAS, the goal of the financial plan is to be able to get Olympic Parkway
constructed in a timely fashion and at the same time allow subdivision development on the
Otay Ranch to proceed in an orderly manner; and
WHEREAS, the objectives of the financial plan are to outline the project costs and how
they apply to each party, to establish time frame milestones for the various work components
such as grading, channel and roadway construction, to establish financial guarantees to secure
the work, to decide how the work will be paid for and to construct the road when needed; and
WHEREAS, it is equally important to make sure that development does not out.pace the
road construction or result in an unacceptable level of service on Telegraph Canyon/Otay
Lakes Road.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista
in approving the Agreement for the Financing and Construction of Olympic Parkway Phase I,
II and III and related roadways between the City of Chula Vista, McMillin Otay Ranch LLC and
Otay Ranch Project LLC, a copy of which shall be kept on file in the office of the City Clerk,
is implementing a component of the Olympic Parkway Project, approved by Resolution No.
19431, a project for which the Council previously adopted a mitigated negative declaration
(IS-99-20).
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
G rge Kre'mpl '/ /" John M. Kaheny
Manager City Attorney
Resolution 19410
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 20th day of April, 1999, by the following vote:
AYES: Councilmembers: Davis, Padilia, Salas and Hotton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: Moot
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. 19410 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 20th day of April, 1999.
Executed this 20th day of April, 1999.
Susan Bigelow, City Clerk