HomeMy WebLinkAboutReso 1994-17516 RESOLUTION NO. 17516
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING THE COSTS FOR THE CONVERSION OF
ELECTRIC UTILITIES ASSOCIATED WITH TELEGRAPH CANYON
ROAD - PHASE II AND ESTABLISHING A REIMBURSEMENT
DISTRICT FOR THE LEVY AND COLLECTION OF THE COSTS
HEREOF
WHEREAS, in October 1990, by Resolution 15893, the City Council authorized
Eastlake Development Company to construct a portion of Telegraph Canyon Road from east
of Paseo Ladera to east of Apache Drive and further agreed that the costs associated with
said construction would be eligible for Transportation Development Impact Fee (DIF) credit;
and,
WHEREAS, EastLake Development Company has requested that the underground
conversion costs associated with this project be DIF eligible; and,
WHEREAS, however, these costs have typically not been eligible and City staff
recommends that a Reimbursement District be formed instead and that Eastlake be
compensated through a reimbursement district since the property owners who are adjacent
to the subject facilities have benefitted and therefore should shoulder their prorata share of
the cost; and,
WHEREAS, staff further recommends that Eastlake Development Company be
compensated for their undergrounding costs with Transportation Development Impact Fee
funds (in the form of credits) and that the City reimburse the Transportation DIF with funds
collected through the proposed Reimbursement District since property owners within the
proposed district would only have to pay when they developed their land, which may take
years and the burden of timing and full reimbursement would be placed on the Transportation
DIF rather than on Eastlake Development Company; and,
WHEREAS, the method used to spread the cost was based on the requirements as
given in Section 15.32.020 of the Municipal Code; and,
WHEREAS, reimbursement shall be subject to an annual seven percent interest charge
as provided in Section 15.50.090, six percent of which shall be payable to the Transportation
DIF for the advancement of funds and one percent shall be payable to the City general fund
to cover administrative costs in the handling and collection of such funds with the
reimbursement being coUected when the benefitted parcels subdivide or apply for building
permits and the date of commencement shall be the date the district is established, tentatively
June 7, 1994.
Resolution No. 17516
Page 2
WHEREAS, the property to be included in the district consists of those portions of
Quarter Sections 37 and 16 of Rancho De La Nacion in the county of San Diego, State of
California, according to Map thereof No. 166 filed in the Office of the County Recorder of San
Diego County that are southeasterly of the Centerline of Telegraph Canyon Road; and,
WHEREAS, inclusion into the reimbursement district will be required as a condition of
annexation; and,
WHEREAS, pursuant to Section 15.50.090 of the Chula Vista Municipal Code, the
amount of changes for each parcel are as follows:
Assessor's % Share Estimated
Property Owner Parcel Nos. of Cost Reimbursement
Baldwin Development Co. 642-050-14 31% $28,357
Baldwin Development Co. 642-050-24 40% 36,950
Baldwin Development Co. 642-040-07 29% 26,527
100% $91,474
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista, after
conducting a public hearing on June 7, 1994, does hereby approve the costs for the
conversion of electric utilities associated with Telegraph Canyon Road - Phase II and establish
a reimbursement district for the levy and collection of the costs thereof.
Resolution No. 17516
Page 3
PASSED, APPROVED and ADOPTED by the City Council of the City of Chula Vista,
California, this 7th day of June, 1994, by the following vote:
YES: Councilmembers: Moore, Rindone, Nader
NOES: Councilmembers: None
ABSENT: Councilmembers: Fox, Horton
ABSTAIN: Councilmembers: None
Tim Nader, Mayor
ATTEST:
~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. 17516 was duly passed, approved, and adopted by the City
Council at a regular meeting of the Chula Vista City Council held on the 7th day of June,
1994.
Executed this 7th day of June, 1994.
~Auth'elet, City Clerk