HomeMy WebLinkAboutReso 2002-033 RESOLUTION NO. 2002-033
AGENCY RESOLUTION NO. 1768
RESOLUTION OF THE CITY COUNCIL AND THE
REDEVELOPMENT AGENCY OF THE CITY OF CHULA
VISTA FORGIViNG AND ELIMiNATiNG ALL AMOUNTS
OWED BY THE NATURE CENTER TO THE CITY'S
GENERAL FUND AND THE REDEVELOPMENT AGENCY
AS OF THE DATE OF THE BAYFRONT CONSERVANCY
TRUST'S (BCT) DISSOLUTION, AND RATIFYiNG THE
BAYFRONT CONSERVANCY TRUST'S APPLICATION TO
THE SECRETARY OF STATE FOR CORPORATE
DISSOLUTION
WHEREAS, the Nature Center ("Center") has been funded by annual loans from the City
and the Agency, as well as by various intergovernmental grants and donations; and
WHEREAS, there has never been the capacity to repay any portion of the annual loans
from the City and the Agency, and it is not expected that there ever will be such a capacity; and
WHEREAS, since the Center is now formally becoming part of the City, it makes sense
to forgive and eliminate this amount owed by the Center to the City and the Agency; and
WHEREAS, all future funding for Center operations from the Agency will be considered
a subsidy and will not be subject to repayment; and
WHEREAS, operating loans from both the City and the Agency have accumulated over
the years, but have been fully reserved as uncollectable, will be forgiven and eliminated from the
balance sheets of both entities; and
WHEREAS, the Agency funds have been used by the Center to encourage tourism; and
WHEREAS, the Agency funds have been used by the Center to provide needed
improvements to the community's recreational, cultural, and other community facilities; and
WHEREAS, the Agency funds have been used by the Center to promote public
improvement of facilities which are sensitive to the unique environmental qualities of the area;
and
WHEREAS, the use of Agency funds by the Center to accomplish these goals is
consistent with Community Redevelopment Law and the Bayfront Redevelopment Plan by
alleviating and preventing the spread of blight and deterioration of the project area; and
WHEREAS, the Agency loans recommended for forgiveness are approximately
$4,599,064; and
Resolution 2002-033 -
Page 2
WHEREAS, the BCT was created in 1985, and was focused around active efforts to hold
and restore land at the Sweetwater Marsh Complex; and
WHEREAS, a number of events have transpired which have impacted the BCT's need
and ability to perform the original goals including the 1988 designation of the Sweetwater Marsh
Complex as a National Wildlife Refuge and the lack of Bayfi'ont development to generate the
revenue necessary to independently operate the Center; and
WHEREAS, at its December 5, 2001 meeting, the BCT unanimously approved the
dissolution of the BCT and recommended the formation of a City Board to advise the Council on
matters associated with the Center.
NOW, THEREFORE, BE IT RESOLVED that the City and Redevelopment Agency of
the City of Chula Vista does hereby:
1. Approve the resolution forgiving and eliminating all amounts owed by the Nature Center
to the City's General Fund and the Redevelopment Agency as of the date of Bayfront
Conservancy Trust dissolution.
2. Ratify the Bayfront Conservancy Trust's application to the Secretary of State for
corporate dissolution.
Presented by Approved as to form by
Nature Center Director Lc'fty Attorney -
Resolution 2002-033
Page 3
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 5th day of February, 2002, by the following vote:
AYES: Councilmembers: Davis, Padilla, Rindone, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
Shirley Horton~Mayor
ATTEST:
Susan Bigelow, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2002-033 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 5th day of February, 2002.
Executed this 5th day of February, 2002.
Susan Bigelow, City Clerk