HomeMy WebLinkAboutReso 1996-18348 - RESOLUTION NO. 18348
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA AUTHORIZING AMENDMENT OF THE EXCHANGE
AGREEMENT BETWEEN THE REDEVELQPMENT AGENCY, THE
CITY OF CHULA VISTA, AND SWEETWATER UNION HIGH
SCHOOL DISTRICTTO EXTEND THE CLOSE OF ESCROW FROM
JUNE 1, 1996 TO SEPTEMBER 1, 1996 FOR THE VETERANS
HOME PROJECT
WHEREAS, on October 25, 1994 the Chula Vista City Council and Redevelopment
Agency conceptually approved the donation of 30 acres of land currently owned by the
Sweetwater Union High School District and the exemption of the majority of development fees
in support of the Veterans Home project; and
WHEREAS, on October 27, 1994 the Governor's Task Force voted in favor of
recommending the Medical Center Drive site in Chula Vista as the location for the
development of the next Veterans Home facility; and
WHEREAS, on November 14, 1994, the Chula Vista Redevelopment Agency, the City
of Chula Vista, and the District entered into a Memorandum of Understanding regarding the
Agency's proposed acquisition of the Medical Center Drive site owned by the District in
" exchange for the Agency-owned Windmill Farms site on Third Avenue and other consideration
to make up the difference in property value; and
WHEREAS, on September 7, 1995 the District Board of Trustees approved the Property
Exchange Agreement implementing the earlier MOU; and
WHEREAS, on September 26, 1995 the City Council and the Redevelopment Agency
also approved the Agreement; and
WHEREAS, on October 19, 1995 escrow was opened with Spring Mountain Escrow
for the Veterans Home project with a scheduled closing date of December 1, 1995.
WHEREAS, on January 9, 1996 the Redevelopment Agency, the City of Chula Vista
and Sweetwater Union High School District agreed to extend the escrow from December 1,
1995 to June 1, 1996.
WHEREAS, an additional extension of the Exchange Agreement escrow is necessary
in order to accommodate the project.
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF CHULA VISTA does hereby
find, order, determine and resolve as follows:
1. An Amendment of the Exchange Agreement between the Redevelopment
.. Agency, City of Chula Vista, and the Sweetwater Union High School District is hereby
r approved to extend the close of escrow from June 1, 1996 to September 1, 1996. Said
agreement to be placed on file in the City Clerk's Office as Document No. CO96-097.
Resolution 18348
Page 2
2. The Mayor is authorized to sign such an amendment in final form approved
by the City Attorney.
Presented by Approved as to form by
Chris Salomone Ann Y. Moorer
Community Development Director Interim City Attorney
Resolution 18348
Page 3
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 18th day of June, 1996, by the following vote:
AYES: Councilmembers: Alevy, Moot, Horton
NAYES: Councilmembers: None
ABSENT: Councilmembers: Padilia
ABSTAIN: Councilmembers: Rindone
Shirle/Horton, Mayor
ATTEST:
Beverl~A. 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, 18348 was duly passed, approved, and adopted by the City
Council at a regular meeting of the Chula Vista City Council held on the 18th day of June,
1996.
Executed this 18th day of June, 1996.
~Authelet, City Clerk