HomeMy WebLinkAboutReso 2014-095 RESOLliT10?� ?��0. 2014-09>
RESOLUTIO?�' OF THE CITI' COUT�CIL OF THE CITY OF
CHULA V"ISTA .APPROVI?�G THE SECOND .A�4E?�TDMENT
TO TIIE E�CLliSIVE NEGOTIATII�'G AGREE?�4E\'T
BETV��EE?�T THE CITl .�v�TD HO?�gFED CORPORATIOi�' FOR
THE U�IVERSITl' PARK AIvD I?�?vOVATIO?�' DISTRICT
R�HEREAS, the Cin� of Chula V'ista has lono had a eoal of de��elopina a hioher education.
presencein the Ciri�_ and �
WHEREAS. the Cih of Chula Vista has solidified this eoal in the Cit��`s General Plan
and Ota�� Ranch General Development Plan; and
WHEREAS, the City has been ��orking for se��eral years to acquire all the land necessar��
to develop the Uni��ersitv Park and Innovation District; and
V�'HERE.AS; in 2008 and 2010, the Ciri� enrered into land offer agreements that pro��ide
for the acquisition of the final properties necessan• to create the Universit�� Park and Innovation
District: and
WHEREAS, the Cin� determined that it did not emplo}� staff���ith the level of e�pertise in
this ��en� specific type and maenirude of project and N�ished to ezplore an arrangement ���th
HomeFed to sen=e as I�4aster Developer for the Uni��ersity Park and Inno��ation District project;
and
l�'HEREAS. on December 11. 2012 the Citv entered into an Exdusive I�'eaotiatin¢
Agreement �aith HomeFed to enter into a Master De��elopment A�reement for planning and
development of the University Park and Innovation District that included an Initial Neeotiation
Period of ninet}� (90) davs �a�ith the potential for two Extended Neeotiatine Periods of an
additional ninet�� (90) davs each; and
VJHEREAS. Staff has e�tended the Ezclusi��e Neeotiatine AQreement on n4arch 7. 2013
and aeain on June 6. 2013: and
R�HEREAS. the Cit}� Council appro��ed the first amendment to the initial ENA on
September 12. 2012 extending the term of the agreement b}� an additional nvo hundred and
sevenrv da�s: and
�'�'HEREAS, due to the comples nature of neeotiating the Master Development
Aereement. neeotiations have taken loneer than expected and staff �ti�ould like to extend the
Eaclusive Negotiating .4Rreement term bv two (2) additional ninet�� (90) dav periods.
Resolution?vo. 2014-09�
Pave ?
I�'O�'; THEREFORE, BE IT RESOLVED the Cit�� Council hereby approve Amendment
No. 2 to the Exclusive Neeotiating Agreement bet��een the City of Chula Vista and HomeFed
Corporation reearding the plannine and development of the Universitti� Park and Research Center
project in the form presented. �vith such minor modifications as may be required or approved b}
the City Attornev, a final copy of which shall be kept on file with the City Clerk and herebv
authorize the Citv Mana�er to eaecute the same.
Presented bv Approved as to form by
t/1/� •
Kelly G. B u_ ton, FASLA G en R. oogins ( � '
Director of Development Semices Ci mey �J
PASSED, APPROVED. and ADOPTED by the City Council of the City of Chula Vista,
California, this l Oth da}� of June 2014 by the followin� ��ote:
AYES: Councilmembers: Aguilar, Bensoussan, Ramirez, Salas and Co�
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
Cheryl Cox, A or
ATTEST:
l.(.tR� .
Donna R. Norris, Nrf, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Donna R. Norris, City Clerk of Chula Vista, California, do hereby certify that the fore�oing
Resolution No. 2014-09� was dul}� passed, approved. and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the l Oth day of.Iune 2014.
Esecuted this l Oth dav of June 2014.
��°�6����-
Donna R. Norris. CMG Ciri Clerk