HomeMy WebLinkAboutReso 1996-18280 RESOLUTION NO. 18280
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING AN AGREEMENT WITH JOSEF AND LENORE
CITRON DBA BROADWAY VILLAGE BUSINESS HOMES, L.P.
FOR THE DEFERMENT OF PARK ACQUISITION (PAD) FEES AS
AUTHORIZED UNDER SECTION 17.10o 1 O0 OF THE CITY CODE
WHEREAS, at their meeting of April 16, 1996, the Redevelopment Agency authorized
staff to negotiate a loan with the developers of the Broadway Business Homes to cover the
cost of development permit fees for the project including PAD fees; and
WHEREAS, however, PAD fees must be paid prior to recordation of the final map for
the project which is a condition for escrow to close; and
WHEREAS, funds for the Agency loan are to come from the Agency's escrow proceeds
from sale of the project site to the Developer; and
WHEREAS, staff is in the process of preparing loan documents for Agency approval,
however, the documents are not scheduled to come before the Agency until June 1996,
which will delay the close of escrow; and
WHEREAS, City Code Section 17.10.100 allows the City Council to enter into an
agreement to defer the payment of PAD fees for up to 60 days following map approval
subject to certain conditions; and
WHEREAS, approval of such an agreement by the Council would allow escrow to close
much earlier and allow the demolition of the existing buildings to proceed.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does
hereby approve an Agreement with Josef and Lenore Citron dba Broadway Village Business
Homes, L.P. for the Deferment of Park Acquisition (PAD) Fees as authorized under Section
17.10. 1 O0 of the City Code in the form present, an executed copy of which shall be kept on
file in the office of the City Clerk as Document No. CO96-054.
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.
BE IT FURTHER RESOLVED that the requirement under Municipal Code Section
17.10.100 for a letter of credit or surety to secure payment of the deferred PAD Fees is
hereby waived based on and expressly limited to the following circumstances:
(a) Such security is unnecessary in light of the commitment by Developer to
develop the Project and pay all applicable fees contained in the DDA.
,' (b) The Project is in the Southwest Redevelopment Project Area and such waiver
is necessary and appropriate to facilitate the redevelopment of the Property.
Resolution 18280
Page 2
as to form
Chris Salomone uce M Boogaard
Community Development Director City AttOrney
Resolution 18280
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PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 14th day of May, 1996, by the following vote:
AYES: Councilmembers: Alevy, Moot, Padilia, Rindone, Horton
NAYES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
Shirley Horton, Mayor
ATTEST:
Beverly/1(. Authelet, 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. 18280 was duly passed, approved, and adopted by the City
Council at a regular meeting of the Chula Vista City Council held on the 14th day of May,
1996.
Executed this 14th day of May, 1996.
Beverly A./Authelet, City Clerk