HomeMy WebLinkAboutReso 1995-17986 RESOLUTION NO. 17986
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING AN AGREEMENT WITH EASTLAKE
DEVELOPMENT COMPANY REQUIRING EASTLAKE TO
TRANSFER ECONOMIC INCENTIVES TO NYPRO SAN DIEGO, A
HIGH TECH COMPANY WISHING TO RELOCATE AND EXPAND
WITHIN THE CITY'S HIGH TECH/BIOTECH ZONE, IN EXCHANGE
FOR THE CITY PROVIDING CERTAIN CONCESSIONS TO
EASTLAKE
WHEREAS, Council has created a High Tech/Biotech Zone within the EastLake Business
Center to offer incentives to attract targeted High Tech/Biotech and Biomed companies; and
WHEREAS, the attraction of these high growth companies will result in new, quality
jobs for local residents; and
WHEREAS, NYPRO San Diego, a biomed manufacturer, is considering relocating and
expanding outside of the City of Chula Vista, and the City wishes to encourage NYPRO to
relocate and expand within the High Tech/Biotech Zone; and
WHEREAS, NYPRO employs up to 100 people now and will employ up to 120 at its
expanded facility, including well paid management, engineers and technicians; and
WHEREAS, staff analysis of the proposed Chula Vista site and the "competitor" site
reveals that the cost of combined assessment district and development fees are significantly
higher in Chula Vista and recommends that through a creative partnership with EastLake a fee
write-down of $324,000 be provided at no cost to the City; and
WHEREAS, such a recommendation was approved by Council in concept in April 1995
and is now provided for in an agreement between the City and EastLake, requiring EastLake
to pay the write-down in exchange for concessions from the City.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CHULA VISTA DOES
HEREBY RESOLVE AS FOLLOWS:
1 ) The City Council approves the First Concession Granting Agreement (Version
2) with EastLake Development Company, a copy of which is on file in the
Office of the City Clerk known as Document No. CO95-191.
2) The Council reserves the right in its sole and unfettered discretion to approve
or disapprove any concessidns requiring public hearings.
3) The Mayor of the City of Chula Vista is hereb' authorized and directed to
on be alf of the ty of Chula Vista.
PRESENTED BY ~ TO FOR BY
Chris Salomone Bruce M. Bo~
Director of Community Development City Attorne
Resolution No. 17986
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula
Vista, California, this 3rd day of October, 1995, by the following vote:
AYES: Councilmembers: Alevy, Moot, Padilia, Horton
NAYES: Councilmembers: Rindone
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
h ~
~orton, Mayor
ATTEST:
Beverly ,~,v/fAutl~elet, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do hereby certify that
the foregoing Resolution No. 17986 was duly passed, approved, and adopted by the City
Council at a regular meeting of the Chula Vista City Council held on the 3rd day of October,
1995.
Executed this 3rd day of October, 1995.
Beverly ~Autl~elet, city ~l~rk