HomeMy WebLinkAboutReso 1994-17473RESOLUTION NO. 17473
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA INITIATING PROCEEDINGS FOR FORMATION OF A
REIMBURSEMENT DISTRICT FOR THE CONVERSION OF
ELECTRIC UTILITIES ASSOCIATED WITH TELEGRAPH CANYON
ROAD - PHASE II, AND CALLING A PUBLIC HEARING FOR MAY
17, 1994 AT 6:00 p.m. TO ESTABLISH THE DISTRICT
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,
WHEREAS, staff recommends that Eastlake be compensated through a reimbursement
district because the property owners adjacent to the underground electrical utilities have
benefitted with increased property values and should shoulder their prorata share of the cost
once they develop; 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.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista
does hereby initiate proceedings for formation of a Reimbursement District for the conversion
of electric utilities associated with Telegraph Canyon Road - Phase II.
BE IT FURTHER RESOLVED that the City Clerk of the City of Chula Vista is hereby
directed to cause a notice of a public hearing on May 17, 1994 at :00 p.m.
Presented by APP ved as to ~o m by
J n P. Lippitt ~ Bruce M. Booga~r
City Attorney
f Public Works
Resolution No. 17473
Page 2
PASSED, APPROVED and ADOPTED by the City Council of the City of Chula Vista,
California, this 3rd day of May, 1994, by the following vote:
AYES: Councilmembers: Fox, Horton, Moore, Nader, Rindone
NOES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
F
Tim Nader, M~/'~r
ATTEST:
Beverly A uthelet, &ity Cler~
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
SS.
I, Beverly A.Authelet, City Clerk of the City of Chula Vista, California, do hereby certify that
the foregoing Resolution No. 17473 was duly passed, approved, and adopted by the City
Council held on the 3rd day of May, 1994.
Executed this 3rd day of May, 1994.
Beverly . Authelet, City Clerk
II