HomeMy WebLinkAboutReso 1994-17506RESOLUTION NO. 17506
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING A SiTE LEASE BY AND BETWEEN HO
RETAIL PROPERTIES I LIMITED PARTNERSHIP AND THE CITY
OF CHULA VISTA FOR THE CHULA VISTA CENTER PARKING
GARAGE
The City Council of the City of Chula Vista does hereby resolve as follows:
WHEREAS, on October 29, 1987, the Redevelopment Agency of the City of Chula
Vista ("Agency") entered into a Disposition and Development Agreement ("DDA") with the
Homart Development Company for the renovation and expansion of the Chula Vista Center;
and,
WHEREAS, on March 5, 1992, the Agency entered into the First Addendure to the
DDA ("Addendum DDA") for the second expansion of the Chula Vista Center which required
~2.6 million in assistance by the Agency towards construction of a parking garage; and,
WHEREAS, Certificates of Participation were recently sold by the City to satisfy the
$2.6 million Agency obligation; and,
WHEREAS, pursuant to the provisions of the Addendum DDA, ownership of CHula
Vista Center has recently been transferred to HO Retail Properties I Partnership ("Homart
Affiliate"); and,
WHEREAS, State law requires that assistance of the type contemplated by the
Addendum DDA be made only to facilities which are publicly owned (Health and Safety Code,
Section 33445); and,
WHEREAS, under the terms of the proposed site lease, the parking garage will be
leased by the Hornart Affiliate to the City creating the requisite public ownership.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista as
follows:
The City Council hereby approves a site lease by and between HO Retail Properties I
Limited Partnerships and the City of Chula Vista for the Chula Vista Center parking
garage, said site lease, known as document number CO94-088, a copy of which is on
file in the office of the City Clerk, may be revised as approved by the City Attorney in
a non-substantive manner.
......... T ....... III
Resolution No. 17506
Page 2
The Mayor is hereby authorized to execute the Site Lease together with any and all
documentation incident thereto on behalf of the City Council.
Presented by
Chris Salomone
Community Development Director
B~rr~uce M. Boogaard
City Attorney
II II
Resolution No. 17506
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: Horton, Moore, Rindone, Nader
NOES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: Fox
Tim Nader, Mayor
ATTEST:
~Aut~h~let, City Cler~T~
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
es.
I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do hereby certify that
the foregoing Resolution No. 17506 was duly passed, approved, and adopted by the City
Council at a joint City Council/Redevelopment Agency meeting held on the 7th day of June,
1994.
Executed this 7th day of June, 1994.
~uthelet, City Clerk