HomeMy WebLinkAboutReso 1999-19432 RESOLUTION NO. 19432
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING A DEFERRAL AGREEMENT WITH CENTEX
HOMES CONCERNING THE DEVELOPMENT OF CERTAIN LOTS
IN NEIGHBORHOODS R-3 AND R-8 OF OTAY RANCH SPA ONE,
VILLAGE ONE AND AUTHORIZING THE MAYOR TO EXECUTE
SAID AGREEMENT
WHEREAS, the Otay 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 (EDUs)
approved with each final map in the entire SPA; and
WHEREAS, the PFFP requires that an agreement to construct critical transportation
improvements, which are fully detailed in the Olympic Parkway Financing Agreement, shall
be approved before the final map for Neighborhood R-8 may be approved; and
WHEREAS, this Deferral Agreement will allow the approval of the final map for R-8 to
remain in compliance with the PFFP if the Olympic Parkway Financing Agreement is not
approved.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista
does hereby approve a Deferral Agreement with Centex Homes concerning the Development
of Certain Lots in Neighborhoods R-3 and R-8 of Otay Ranch SPA One, Village One, a copy
of which shall be kept on file in 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 on behalf of the City of Chula Vista.
Presented by Approved as to form by
City Attorney
Resolution 19432
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 13th day of April, 1999, by the following vote:
AYES: Councilmembers: Davis, Moot, Padilia, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
ATTEST:
usa 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. 19432 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 April, 1999.
Executed this 13th day of April, 1999.
Susan Bigelow, City Clerk