HomeMy WebLinkAboutReso 1992-16850 RESOLUTION NO. 16850
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA CONSENTING TO THE ASSIGNMENT OF RIGHTS AND
OBLIGATIONS UNDER THE CITY'S DEVELOPMENT AGREEMENT WITH
EASTLAKE DEVELOPMENT COMPANY ON THE PROPERTY KNOWN AS
SALT CREEK I FROM FN PROJECTS TO FN DEVELOPMENT
WHEREAS, FN Projects, Inc. is requesting that the City consent to the
assignment of their rights and obl i gati ons under the City ' s Development Agreement
with EastLake Development Company to FN Development Company for the property
known as Salt Creek I in the EastLake Planned Community; and,
WHEREAS, the Director of Finance has reviewed the proposed assignment and
has no objection to the City's consent thereto; and,
WHEREAS, in addition, staff is not aware of any factors which would prevent
the new property owner from meeting its obligations under the agreement.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista does hereby consent to the assignment of rights and obligations under the
City's Development Agreement with Eastlake Development Company on the property
known as Salt Creek I from FN Projects to FN Development.
Presented by ~a~o~u~
Iv ~x/
Robert A. Leiter Bruce M. Boogaard~y
t A
Director of Planning Ci y ttorney
Resolution No. 16850
Page 2
PASSED, APPROVED and ADOPTED by the City Council of the City of Chula
Vista, California, this 27th day of October, 1992, by the following vote:
YES: Councilmembers: Horton, Malcolm, Moore, Rindone, Nader
NOES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
Tim Nader, ~ ' ~ '~ !>~!'l~"~'
Y
ATTEST:
Authelet, City Clerk
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. 16850 was duly passed, approved,
and adopted by the City Council held on the 27th day of October, 1992.
Executed this 27th day of October, lg92.
Beverly A,~u~he~et, City Cl~rk