HomeMy WebLinkAboutRDA Reso 1998-1603 RESOLUTION 1603
RESOLUTION OF THE REDEVELOPMENT AGENCY OF TH ~ CITY OF CHULA VISTA
APPROVING OWNER/TENANT PARTICIPATION AGREEMENT WITH FOSTER
DEVELOPMENT CORPORATION AND BUDGET RENT A CAR SYSTEMS, INC. FOR THE
DEVELOPMENT OF A TRUCK RENTAL AGENCY AT 690 L STR !ET LOCATED WITHIN THE
SOUTHWEST REDEVELOPMENT AREA.
WHEREAS, Foster Investment Corporation is the owner of the propert, located at 690 L Street, which is the subject
matter of the resolution and which is depicted in Locator Map attached and by 1 ~is reference made a part hereof; and,
WHEREAS, Budget Rent A Car Systems, Inc. has entered into an agreem ~nt with Foster Investment Corporation to lease
said property and develop an automobile rental agency; and
WHEREAS, Enterprise Rent A Car Company has presented developme Lt plane for the development of the automobile
rental agency ("Project"); and
WHEREAS, the site for the proposed Project is located within the Sou :hwest Redevelopment Project Area under the
jurisdiction and control of the Chula Vista Redevelopment Agency; and,
WHEREAS, the Environmental Review Coordinator reviewed the prop~ sod Project and determined that the project is
exempt from the environmental review as a Class 3c exemption in accordance v ith CEQA; and,
WHEREAS, the Design Review Committee reviewed and recommend~ J that the Redevelopment Agency approve the
proposed Project subject to the conditions listed in Exhibit B of the Owner/Tena it Participation Agreement; and,
WHEREAS, the Redevelopment Agency of the City of Chula Vista has been presented an Owner/Tenant Participation
Agreement, said agreement being on file in the office of the Secretary to the R ~development Agency and known as document
RACO 98-13, approving the development of an automobile rental agency locate I at 1059 Broadway, depicted in Exhibit A and
subject to conditions listed in Exhibits B and C of said agreement.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF I HULA VISTA does hereby find, order, determine
and resolve as fo/lows:
1. The proposed project is categorically exempt from environmental review as ~ Class 3c exemption in accordance with CEQA.
2. The proposed project is consistent with the Southwest Redevelopment PI an and shall implement the purpose thereof by
providing a new building, parking lot, and landscaped areas and by putting 3 vacant parcel to a higher and better use.
3. The Redevelopment Agency of the City of Chula Vista hereby approves the ( wnerlTenant Participation Agreement with The
Napasuca Trust and Enterprise Rent A Car Company for the development of in automobile rental agency at 1059 Broadway,
in substantially the form presented in accordance with plans attached thor ~to as Exhibit A and subject to conditions listed
in Exhibits B and C of said agreement.
4. The Chairman of the Redevelopment Agency is hereby authorized to el ecute the subject Owner/Tenant Participation
Agreement between the Redevelopment Agency and The Napasuca Trust a~ d Enterprise Rent A Car Company in a final form
approved by the Agency Attorney.
5. The Secretary of the Redevelopment Agency is authorized and directed to re~ ord said Owner/Tenant Participation Agreement
in the Office of the County Recorder of San Diego, California.
Presented by: )roved as to form by:
CC ho ~SmSu~i:~°Dn~elopment Direct o r ~ ~ney ~.~
Resolution No. 1603
Page 2
PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF THE CITY OF
CHULA VISTA, CALIFORNIA this 6th day of October, 1998 by the following vote:
AYES: Members Moot, Padilla, Salas and Chair Horton
NOES: None
ABSENT: Rindone
ABSTENTIONS: None
Shirley Hodo~
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.
1603 and that the same has not been amended or repealed.
Dated: OctoberT, 1998 _~"~ ~
Chris Salomone
Executive Secretary