HomeMy WebLinkAboutReso 1992-16689 CITY COUNCIL RESOLUTION NO. 16689
REDEVELOPMENT AGENCY NO. 1261
RESOLUTION OF THE CITY COUNCIL AND REDEVELOPMENT AGENCY
OF THE CITY OF CHULA VISTA APPROVING THE FIRST AMENDMENT
TO OPERATING LEASE AND FIRST AMENDMENT TO MEMORANDUM OF
LEASE WITH HOMART DEVELOPMENT COMPANY FOR THE LEASE OF
CERTAIN REAL PROPERTY LOCATED AT THE CHULA VISTA CENTER
IN THE CITY OF CHULA VISTA, CALIFORNIA
The City Council and Redevelopment Agency of the City of Chula Vista do
hereby resolve as follows:
WHEREAS, the City and Agency entered into a certain Operating Lease
Agreement with the Homart Development Company {"Homart") dated September 1, 1987
("the Lease") for certain real property located at the Chula Vista Center, 555
Broadway, within the City of Chula Vista, California; and,
WHEREAS, Homart and the Agency executed a Memorandum of Lease dated
September 1, 1987, pertaining to the Lease which was recorded in the San Diego
County Recorder's Office on September 23, 1987; and,
WHEREAS, Section 8 of the Operating Lease provides that Homart shall have
the right to substitute for the leased parcel in whole or in part any other
parcel situated within the site provided that certain conditions set forth in
said Section 8 are satisfied; and,
WHEREAS, Homart now request to substitute a portion of this site for a
portion of the leased parcel in order to accommodate the second expansion of the
Chula Vista Center; and,
WHEREAS, the conditions in Section 8 of the Operating Lease Agreement have
been satisfied and Homart and the Agency desire to amend the Lease and the
Memorandum to modify the leased parcel as herein set forth.
NOW, THEREFORE BE IT RESOLVED by the City Council and Redevelopmerit Agency
of the City of Chula Vista that the First Amendment to the Operating Lease and
First Amendment to the Memorandum of Lease with Homart Development Company, said
documents known as document number C092-098, a copy of which is on file in the
office of the City Clerk, and also known as Document RACO-17-g2 and on file in
the Office of the Secretary to the Redevelopment Agency, is hereby approved
Resolution No. 16689
Page 2
and the Mayor of the City of Chula Vista and Chairman of the Redevelopment Agency
of the City of Chula Vista is hereby authorized to execute said Agreement.
Presented by ~Z}~ ,/,_~
Approv as to fo
Chris Salomone
oogaard
Community Development Director City Attorney
Resolution No. 16689
Page 3
PASSED, APPROVED and ADOPTED by the City Council of the City of Chula
Vista, California, this 30th day of June, lg92, by the following vote:
YES: Councilmembers: Grasser Horton, Malcolm, Moore,
Rindone, Nader
NOES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
Tim Nader, Mayor
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. 16689 was duly passed, approved,
and adopted at a joint City Council/Redevelopment Agency meeting held by the City
Council held on the 30th day of June, 1992.
Executed this 30th day of June, 1992.