HomeMy WebLinkAboutReso 2002-043 RESOLUTION NO. 2002-043
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING CITY PAYMENT OVER TEN
YEARS OF $157,170 IN PUBLIC FACILITY DEVELOPMENT
IMPACT FEES (PFDIF), WAIVING $45,341 IN VARIOUS
PROCESSING AND PERMIT FEES, AND APPROPRIATING
$15,717 FROM THE UNAPPROPRIATED BALANCE OF THE
GENERAL FUND FOR THE FIRST YEAR PAYMENT OF
PFDIF
WHEREAS, the proposed Business Incentive agreement provides for EastLake to assume
$935,000 in Transportation Development Impact Fee (TDIF) obligations for the Hitachi project
and to assume liability for the $120,000 Interim SR125 fee - for a total cost to EastLake of
$1,101,314; and
WHEREAS, THE city agrees to award Hitachi a $91,742 Community Development
Block Grant (CDBG) grant and to assume Hitachi's PFDIF obligation; and
WHEREAS, the City shall assume Hitachi's PFDIF obligation in the amount of $157,170
to be paid over a ten-year period at $15,717 each year; and
WHEREAS, Hitachi must reimburse the City for the City's incentives if they do not meet
their required conditions, including the requirement to operate in Chula Vista for ten years
minimum.
WHEREAS, the City's payment of Hitachi's fees provides an inducement to Hitachi
locating within the City of Chula Vista thereby creating quality employment opportunities and
enhancing Chula Vista's image in the region.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista does hereby approve City payment over ten years of $157,170 in Public Facility
Development Impact Fees (PFDIF) and waiving $45,341 in various processing and permit fees
and appropriate $15,717 from the unappropriated balance of the General Fund for payment of
Hitachi's Public Facilities Development Impact Fee (PFDIF) for the first Year's payment.
BE IT FURTHER RESOLVED that the City Council of the City of Chula Vista does
hereby waive $45,341 in processing and permit fees.
Presented by Approved as to form by
Chris Salomone John/M. Kaheny ~
Community Development Director ,~C~i~ Attorney
Resolution 2002-043
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 12th day of February, 2002, by the following vote:
AYES: Councilmembers: Davis, Padilla, Rindone, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
ATTEST: Shirley Horto?, Mayor
Susan Bigelow, City Clerk ,o
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. 2002-043 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 12th day of February, 2002.
Executed this 12th day of February, 2002.
Susan Bigelow, City Clerk