HomeMy WebLinkAboutRDA Reso 1996-1504 RESOLUTION 1504
RESOLUTION OF THE REOEVELOPMENT AGENCY OF THE CITY OF
CHULA VISTA AUTHORIZING AMENDMENT OF THE EXCHANGE
AGREEMENT BETWEEN THE CITY OF CHULA VISTA, THE
REDEVELOPMENT AGENCY, AND SWEETWATER UNION HIGH
SCHOOL DISTRICT TO EXTEND THE CLOSE OF ESCROW FROM
JUNE 1, 1996 TO SEPTEMBER 1, 1996 FOR THE VETERANS HOME
PROJECT
WHEREAS, on October 25, 1994 the Chula Vista City Council and
Redevelopment Agency conceptually approved the donation of 30 acres of land
currently owned by the Sweetwater Union High School District and the exemption
of the majority' of development fees in support of the Veterans Home project, and
~ ~ ~' WHEREAS, on October 27, 1994 the Governor's Task Force voted in
favor of recommending the Medical Center Drive site in Chula Vista as the location
for the development of the next Veterans Home facility, and
WHEREAS, on November 14, 1994, the Chula Vista Redevelopment
Agency, the City of Chula Vista, and the District entered into a Memorandum of
Understanding regarding the Agency's proposed acquisition of the Medical Center
Drive site owned by the District in exchange for the Agency-owned Windmill Farms
site on Third Avenue and other consideration to make up the difference in property
value, and
WHEREAS, on September 7, 1995 the District Board of Trustees
approved the Property Exchange Agreement implementing the earlier MOU, and
WHEREAS, on September 26, 1995 the City Council and the
Redevelopment Agency also approved the Agreement, and
WHEREAS, on October 19, 1995 escrow was opened with Spring
Mountain Escrow for the Veterans Home project with a scheduled closing date of
December 1, 1995.
WHEREAS, on January 9, 1996 the Redevelopment Agency, the City
of Chula Vista and Sweetwater Union High School District agreed to extend the of
escrow from December 1, 1995 to June 1, 1996.
WHEREAS, an additional extension of the Exchange Agreement
escrow is necessary in order to accommodate the project·
NOW THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
CHULA VISTA does hereby find, order, determine and resolve as follows:
1. An Amendment of the Exchange Agreement between the City of
Chula Vista, Redevelopment Agency, and the Sweetwater Union High School
District is hereby approved to extend the close of escrow from June 1, 1996 to
September 1, 1996.
2. The Chairman is authorized to sign such an amendment in final
form approved by the City Attorney.
PRESENTED BY: APPROVED AS TO FORM BY:
cCoh ~mSuanli~)~/elo p me nt Directo r ~;oun~ ~ ~
Resolution No. 1504
PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF
THE CITY OF CHULA VISTA, CALIFORNIA this 18th day of June 1996 by the
following vote:
AVES: Members Alevy, Moot, Horton
NOES: None
ABSENT: Member Padilla
ABSTENTIONS: Member Rindone
Shirley Horto~
Chairman
Chris Salomone
Executive Secretary
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss:
CITY OF CHULA VISTA )
I, Chris Salomone, Executive Secretary to the Redevelopment Agency of the City of Chula
Vista, California DO HEREBY CERTIFY that the foregoing is a full, true and correct copy
of Resolution No. 1504 and that the same has not been amended or repealed.
Dated: June.__[9_. I. ,996 ~' ~--~~_ ~
Chris Salomone
Executive Secretary