HomeMy WebLinkAboutRDA Reso 1999-1654 RESOLUTION NO. 1654
RESOLUTION OF THE REDEVELOPMENT A( ENCY OF THE CITY
OF CHULA VISTA APPROVING AN AMEND :-D AND RESTATED
OWNER PARTICIAPTION AGREEMENT WITtl 675 OXFORD, LLC
FOR THE DEVELOPMENT OF 76,885 SQUARE FOOT BUILDING
AT 690 OXFORD STREET WITHIN ]"HE SOUTHWEST
REDEVELOPMENT PROJECT AREA
WHEREAS, on September 22, 1998, the Redevelopm~nt Agency of the City of Chula Vista
approved an Owner Participation Agreement ("Original OF~,'') with the owner and developer
("Developer") of the property at 690 Oxford Street for the devel< ,ment of a 76,885 square foot office
building; and
WHEREAS, DEVELOPER, doing business as Palomar ;ration LLC, applied for and obtained
a Special Use Permit (SUPS-98-04) from the Chula Vista Rede~ Iopment Agency on May 19, 1998 for
the establishment of the San Diego County South Bay Heall & Human Services Agency Family
Resource Center at 690 Oxford Street (the "Project"); and
WHEREAS, Palomar Station, LLC applied for and brained Design Review Committee
approval for the Project; and
WHEREAS, on October 21, 1998, Palomar Station, LL: transferred the Project to an affiliate
by the name of 675 Oxford, LLC; and
WHEREAS, the parties desire to supersede the Original :)PA in its entirety by entering into this
Agreement.
NOW, THEREFORE, the Redevelopment Agency of the City of Chula Vista does hereby
find, order, determine and resolve as follows:
The proposed agreement is consistent with the ~uthwest Redevelopment Plan and shall
implement the purpose thereof.
2. The Amended and Restated Owner Participat n Agreement with 675 Oxford, LLC is
hereby approved in the form presented and the Chairman is author zed and directed to execute same.
3. The Secretary of the Redevelopment Agency is authorized and directed to record said
Amended and Restated Owner Participation Agreement in the Off ;e of the County Recorder of San Diego,
California.
PRESENTED BY APPRC VED AS TO FORM BY
Chris Salomone - '~ ~,.aheny t/ ~-,.[ "~ ' '~
Director of Community Development ~gency
Resolution No. 1654
Page 2 of 2
PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF THE CITY OF
CHULA VISTA, CALIFORNIA this 30th day of November, 1999 by the following vote:
AYES: Members Davis, Moot, Padilla, Salas, Chair/Mayor Horton
NOES: None
ABSENT: None
ABSTENTIONS: None
Shirley Hort~n
Chairman
ATTEST: ~//~...~c ~
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.
1654 and that the same has not been amended or repealed.
Dated: December 1, 1999 ~ ~ ~
Chris Salomone
Executive Secretary