HomeMy WebLinkAboutReso 1994-17575 RESOLUTION NO. 17575
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING THE OPENING OF ESCROW FOR THE
PURCHASE OF REAL PROPERTY LOCATED AT 746 AND 750
ADA STREET FOR DEVELOPMENT OF AFFORDABLE HOUSING
AND DAY CARE FACILITY, WITH CLOSING OF ESCROW
SUBJECT TO FINAL CEQA AND NEPA REVIEW, AUTHORIZING
CITY MANAGER TO EXECUTE PURCHASE AND SALE
DOCUMENTS IN A FORM APPROVED BY THE CITY ATTORNEY
AND TO CONDUCT ALL NECESSARY PROPERTY ACQUISITION
ACTIVITIES, AND APPROPRIATING HOME PROGRAM FUNDS
THEREFOR
WHEREAS, Council authorized staff to finalize negotiations to acquire two adjacent
parcels (746 Ada Street/APN 622-020-20 and 750 Ada Street/APN 622-020-30) at the
northwest corner of the intersection of Industrial Boulevard and Ada Street for the purpose
of developing afforable housing and a child care facility associated with the development of
the Palomar Trolley Center shopping center; and,
WHEREAS, negotiations have been successfully concluded with the property owners
of the subject properties that have resulted in a purchase contract for the properties at the
fair market value of the properties as established by an appraisal commissioned by the City;
and,
WHEREAS, it is appropriate for the City to conclude the purchase of the subject
properties at the agreed-upon price in order to effectuate the development of affordable
housing and associated day care; and,
WHEREAS, sufficient funds to acquire the properties exist in the City's entitlement to
the federal HOME Program which can be appropriately used for te acquisition of proerty for
the development of affordable housing and which can be partially reimbursed to the HOME
Program to the degree that some portion of the subject properties are developed as day care
facilities; and,
WHEREAS, environmental review under CEQA and NEPA of the intended property
acquisition is currently being undertaken; the acquisition of the property is expressly
conditioned upon the completion of this process and the City approval, in its sole discretion,
of a Negative Declaration for the project, and no City funds are at risk pending completion of
such environmental review process.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CHULA VISTA does hereby
find, order, determine and resolve as follows:
1. The opening of escrow for the purpose of parcels APN 622-020-20 and APN 622-020-
30 is authorized in accordance with the terms of a Purchase Agreement in a final form
approved by the City Attorney, known as document number CO94-122, a copy of
Resolution No. 17575
Page 2
which is on file in the office of the City Clerk, with close of escrow subject to, among
other things set forth in the Purchase Agreement, final CEQA and NEPA review, at a
purchase price of $635,000.00, plus the actual cost of site clearance and tenant
relocation not to exceed $8,000.00, to be approved in advance by the City Manager
or his designee, for a total cost of ~643,000.00.
2. The City Manager is authorized to conduct all property acquisition activities and
execute all relevant documents to purchase the subject properties at the price
authorized above.
3. Three hundred twenty-two thousand dollars (~322,000.00) is hereby appropriated
therefor from the FY 1993-94 HOME Funds account.
4. Three hundred twenty-one thousand dollars ($321,000.00) is hereby appropriated
therefor from the FY 1994-95 HOME Funds account.
Presented by pp v d as to
Chns Salomone Bruce M. Boogaa
Community Development Director City Attorney
Resolution No. 17575
Page 3
PASSED, APPROVED and ADOPTED by the City Council of the City of Chula Vista,
California, this 19th day of July, 1994, by the following vote:
YES: Councilmembers: Fox, Horton, Moore, Rindone, Nader
NOES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
Tim Nader, Mayor
ATTEST:
B~. A'uthelet, 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. 17575 was duly passed, approved, and adopted by the City
Council at a regular meeting of the Chula Vista City Council held on the 19th day of July,
1994.
Executed this 19th day of July, 1994.
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everly ~ Authelet, City Clerk