HomeMy WebLinkAboutReso 2002-130 RESOLUTION NO. 2002-130
AGENCY RESOLUTION NO. 1776
RESOLUTION OF THE CITY COUNCIL AND THE
REDEVELOPMENT AGENCY OF THE CITY OF CHULA
VISTA AUTHORIZING THE USE OF CHULA VISTA/PORT
MEMORANDUM OF UNDERSTANDING FUNDS IN THE
AMOUNT OF $1,570,000 FOR SAN DIEGO UNIFIED PORT
DISTRICT ACQUISITION OF A 1.gl-ACRE PARCEL
LOCATED AT BAY BOULEVARD AND "J" STREET
WHEREAS, the San Diego Unified Port District (Port) desires to purchase approximately
1.81 acres of vacant land located at the northeast comer of Bay Boulevard and "J" Street in the
City of Chula Vista from Foster Investment Corporation for $1,540,000 plus approximately
$30,000 in associated closing costs by using City/Port Memorandum of Understanding (MOU)
funds; and
WHEREAS, the property is adjacent to tidelands and is strategically located between the
"J" Street exit from Interstate 5 and the District's proposed 200-acre Chula Vista Bayside
Development Project; and
WHEREAS, it is anticipated that when development of the Chula Vista Bayside Project
commences, the parcel's value will increase dramatically; and
WHEREAS, the site could become the location for a high-quality signature project that
would increase the value of the Port's adjacent 200-acres or, if required, could be used to
enhance freeway access to the Bayside Development; and
WHEREAS, Port staff recently received Board approval on an updated Capital
Development Program (CDP) having approximately $17 million in Chula Vista projects that
included acquisition of the subject parcel;
NOW, THEREFORE, BE IT RESOLVED the City Council and Redevelopment Agency
of the City of Chula Vista do hereby authorize the use of up to $1,570,000 Chula Vista/Port
MOU funds for Port acquisition of the 1.81-acre parcel.
Presented by Approved as to form by
Chris Salomone Jo~3tl'2Vl. Kaheny /
Community Development Director ff~l'ty Attorney and Agency CO/tms~
Resolution 2002-130
Page 2
PASSED, APPROVED, and ADOPTED by the City Council and the Redevelopment
Agency of the City of Chula Vista, Califomia, this 23rd day of April, 2002, by the following
vote:
AYES: Agency/Councilmembers: Padilla, Rindone, Salas, and Horton
NAYS: Agency/Councilmembers: None
ABSENT: Agency/Councilmembers: Davis
Shirley Hortor~qChair/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 tbregoing City
Council Resolution No. 2002-130/Redevelopment Agency Resolution No. 1776 was duly
passed, approved, and adopted by the City Council and Redevelopment Agency at a regular
meeting held on the 23rd day of April, 2002.
Executed this 23rd day of April, 2002.
Susan Bigelow, City Clerk