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HomeMy WebLinkAboutReso 1998-19231 RESOLUTION NO.19231 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING PURCHASE AGREEMENT AND ESCROW INSTRUCTIONS BY AND BETWEEN THE CITY OF CHULA VISTA (SELLER) AND THE EASTLAKE COMPANY LLC (BUYER) FOR THE ACQUISITION OF 16.711 ACRES INCLUDING STREET RIGHTS-OF-WAY AND ASSOCIATED EASEMENTS FOR THE IMPROVEMENT OF HUNTE PARKWAY AND OLYMPIC PARKWAY WHEREAS, the development of the Eastlake Greens and the Arco Olympic Training Center (OTC) projects required the construction of portions of Hunte Parkway and Olympic Parkway which requirement is documented through map conditions and Public Facility Financing Plans for the projects; and WHEREAS, in order to complete the acquisition of the property by Eastlake for future right-of-way without entering into condemnation proceedings, a purchase agreement with the Eastlake Company LLC is necessary. NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does hereby approve Purchase Agreement, a copy of which is kept on file in the office of the City Clerk, known as Document Number C098-194, and Escrow Instructions by and between the City of Chula Vista (Seller) and the Eastlake Company LLC (Buyer) for the acquisition of 16.711 acres including street rights-of-way and associated easements for the improvement of Hunte Parkway and Olympic Parkway. BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista is hereby authorized and directed to execute said Purchase Agreement and Escrow Instructions on behalf of the City of Chula Vista. Presented by Approved as to form by Resolution 19231 Page 2 PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 20th day of October, 1998, by the following vote: AYES: Councilmembers: Moot, Rindone, Padilia and Horton NAYS: Councilmembers: None ABSENT: Councilmembers: Salas ABSTAIN: Councilmembers: None Shirley H~rt~,"~ayor ATTEST: ~uthelet, 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. 19231 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 October, 1998. Executed this 20th day of October, 1998.