HomeMy WebLinkAboutRDA Reso 1997-1565 RESOLUTION NO. 1565
RESOLUTION OF THE REDEVELOPMENT AGE NCY OF THE CiTY OF
CHULA VISTA AUTHORIZING THE COr~PLETION OF SOIL
REMEDIATION ON AGENCY-OWNED PROPEF TY LOCATED AT 760
BROADWAY, AUTHORIZING THE EXECL FIVE DIRECTOR TO
ARRANGE FOR CONTRACTUAL SERVICE~ FOR REMEDIATION
APPROVING A LOAN FROM THE O1 ~Y VALLEY ROAD
REDEVELOPMENT PROJECT AREA FUND O THE SOUTHWEST
REDEVELOPMENT PROJECT AREA FUND ND APPROPRIATING
FUNDS THEREFOR FROM THE SOUTHWES'I ~ROJECT AREA FUND
WHEREAS, contaminated soils have been ex~ avated and stockpiled on the subject
site in anticipation of a development project, the Broadway Business Homes; and
WHEREAS, the developer of that project ha~l agreed to share in the costs of the
final disposition of said contaminated soils, and has not yet made any contributions toward
remediation; and
WHEREAS, continued exposure of the conta ~inated soils poses potential risks to
the Agency; and
WHEREAS, in the event that the Broad~ay Business Homes project is not
constructed, the Agency would need to complete the soil 9mediation regardless; and
WHEREAS, because developer contributior; were relied upon to complete the
remediation and have not been advanced, no current fundil~g exists to complete the work;
NOW, THEREFORE, BE IT RESOLVED the .~development Agency of the City of
Chula Vista does hereby:
1) Authorize the completion of soil remediation on A ,~ncy-owned property located at 760
Broadway.
2) Subject to compliance with applicable purchasin procedures, authorize the Executive
Director to arrange for contractual services for rem~diation.
3) Approve a loan from the unappropriated I~alance in :he Otay Valley Road Redevelopment
Project Area fund to the Southwest Redevelopmen: Project Area fund in the amount of
$49,500, such loan to be paid back out of first avail ~ble funds with interest at the pooled
investment rate.
4) Appropriate funds in the amount of 849~500 for the ~pecified purpose from the Southwest
Redevelopment Project Area fund [A/C 985-9850-E 519].
Presented by Appro~ ed as to form by
Chris Salomone Johod . Kaheny - ~
Director of Community Development Age/.~ Attorney '
Resolution 1565
Page 2
PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF THE CITY OF
CHULA VISTA, CALIFORNIA this 28th day of October, 1997 by the following vote:
AYES: Members Rindone, Salas, Horton, Moot, Padilla
NOES: None
ABSENT: None
ABSTENTIONS: None
Shirley Horton
Chairman
ATTEST: ~ ~_
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. 1565 and that the same has not been amended or repealed.
Dated: October 29, 1997 ~'- ~
Chris Salomone
Executive Secretary