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HomeMy WebLinkAboutReso 1991-16357 RESOLUTION NO. 16357 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA AUTHORIZING THE BALDWIN COMPANY TO CONSTRUCT A PORTION OF EAST H STREET FROM EASTLAKE DRIVE TO SAN MIGUEL ROAD, TO GRADE A PORTION OF SR-125 AND RECEIVE A CREDIT AGAINST TRANSPORTATION DEVELOPMENT IMPACT FEES The City Council of the City of Chula Vista does hereby resolve as follows: WHEREAS, the Baldwin Company has requested authorization to construct a portion of East H Street and SR 125 and receive credit against Transportation Development Impact Fees, pursuant to Ordinance No. 2251 as amended, for the construction of said roads; and, WHEREAS, Ordinance No. 2251 established a Development Impact Fee to pay for transportation facilities in the eastern territories of the City and said ordinance, as amended, provides that a developer may request authorization from the City Council to construct and receive a credit against Transportation Development Impact Fees for construction of facilities listed in the ordinance; and, WHEREAS, the segment of East H Street for which authorization is being requested is between EastLake Drive and San Miguel Road, and is approximately 3,900 feet; and, WHEREAS, pursuant to Ordinance No. 2251 as amended, prior to completion of the improvements, Baldwin can receive credit up to 75 percent of the approved cost estimate; and, WHEREAS, using the current estimate for East H Street and the estimated grading cost for SR 125, Baldwin will be entitled to an immediate credit of 0.75 (3,289,780) = $2,467,335; and, WHEREAS, the final amount of credit will be determined by the Director of Public Works after completion of improvements and will be based on actual final eligible cost. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista does hereby authorize the Baldwin Company to construct a portion of East H Street from EastLake Drive to San Miguel Road, to grade a portion of SR 125 Resolution No. 16357 Page 2 ' and receive an in~nediate credit of $2,467,335 against Transportation Development Impact Fees. Presented by Approved as to form by Resolution No. 16357 Page 3 PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 24th day of September, 1991 by the following vote: AYES: Councilmembers: Grasser Horton, Malcolm, Moore, Nader, Rindone NOES: Councilmembers: None ABSENT: Councilmembers: None ABSTAIN: Councilmembers: None Tim ~ayor ATTEST: BC~'e~e~~A/ut~let,/~~ 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. 16357 was duly passed, approved, and adopted by the City Council held on the 24th day of September, 1991. Executed this 24th day of September, 1991. Beverly A. Authelet, City Clerk