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HomeMy WebLinkAboutReso 1993-17130 RESOLUTION NO. 17130 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING THE MEMORANDUM OF UNDERSTANDING (MOU) WITH THE REDEVELOPMENT AGENCY AND THE PRICE COMPANY WHEREAS, The Price Company desires to improve access to the Price Club shopping center off Palomar and Broadway; and, WHEREAS, the City Council desires to improve traffic conditions on Palomar Street and Broadway Avenue; and, WHEREAS, the City Council in conjunction with the Price Company, have identified an approach to implementing such improvements via acquiring right-of- way, realigning an existing private driveway and relocating an existing traffic signal to a newly created four-way intersection; and, WHEREAS, the City Council finds that the proposed acquisition and improvements are of benefit to the City and the Southwest Redevelopmerit Project Area based upon: - Improved traffic flow on Palomar between Industrial Boulevard and Broadway Avenue - Lessened congestion at the intersection of Palomar and Broadway - Improved access to the commercial and industrial businesses north of Palomar - Generally improved traffic circulation within the Project Area; and, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CHULA VISTA does hereby find, order, determine and approve the MOU providing for cooperation and cost sharing between the Redevelopmerit Agency, the City of Chula Vista and the Price Company, known as document number C093-097, a copy of which is on file in the office of the City Clerk, as relates to public improvements benefiting the City and the Southwest Project Area. Presented by ~as t~ irm y~ Chris Salomone Bruce M. Boogaar Community Development Di rector City Attorney Resolution No. 17130 Page 2 PASSED, APPROVED and ADOPTED by the City Council of the City of Chula Vista, California, this 25th day of May, 1993, by the following vote: YES: Councilmembers: Fox, Horton, Moore, Rindone NOES: Councilmembers: None ABSENT: Councilmembers: Nader ABSTAIN: Councilmembers: None yor, ATTEST: 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. 17130 was duly passed, approved, and adopted by the City Council at a joint City Council/Redevelopment Agency meeting held on the 25th day of May, 1993. Executed this 25th day of May, 1993. Beverly A.~'uthelet, City Cl k ~ 1 II]