HomeMy WebLinkAboutRDA Reso 1999-1631 RESOLUTION 1631
RESOLUTION OF THE REDEVELOPMENT AG ENCY OF THE CITY
OF CHULA VISTA APPROVING A 180-DAY E(TENSION TO THE
CHRISMATT SEMI-EXCLUSIVE NEGOTIATINC AGREEMENT FOR
THE DEVELOPMENT OF PROPERTY L~)CATED AT THE
NORTHWEST CORNER OF THIRD AVENUE ,~ ND H STREET AND
APPROVING TRANSFER OF FUNDS FOR LEC- AL SERVICES
WHEREAS, the current semi-exclusive negotiating agreement (SENA) with the Chdsmatt
Corporation for development of approximately 4.5 acres of prol: erty located at the northwest corner
of Third Avenue and H Street will expire on June 16, 1999; and,
WHEREAS, Agency staff is currently evaluating a finan ;iai analysis prepared for the project
and is in the process of negotiating with the Chrismatt Cor )ration terms for a disposition and
development agreement; and,
WHEREAS, due to the anticipated complexity of the t~ 'ns of said agreement, Agency staff
and the Chrismatt Corporation agree that additional time is nec ~ssary to complete evaluations and
document preparation; and,
WHEREAS, the Chrismatt Corporation has requested a~ extension of the subject SENA for
180-days through December 17, 1999 and Agency staff concurs with the request.
WHEREAS, the Agency has an approved list of profess ionals to provide financial and legal
services on a project-by-project basis, and Straddling Yocca Car son and Rauth are included on said
list.
NOW, THEREFORE, BE IT RESOLVED that the Recevelopment Agency of the City of
Chula Vista does hereby grant a 180-day extension of the subject semi-exclusive negotiating
agreement between the Redevelopment Agency and the Chrisr~ att Corporation for the development
of approximately 4.5 acres of property located a Third Avenue ar d H Street.
BE IT FURTHER RESOLVED that the Redevelopment Agency of the City of Chula Vista
does hereby authorize transfer of $19,320 from Bayfront Prof,:ssional Services account 1o Town
Centre I Professional Services account to finance legal services to be provided by Straddling Yocca
Cadson and Rauth for the Chrismatt project.
Presented by: Approved ~s to form by:
Chris Salomone Jo~;l~ M ~,,heny
Director of Community Development A~ney
Resolution No. 1631
Page 2 of 2
PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF THE CITY OF
CHULA VISTA, CALIFORNIA this 22nd day of June, 1999 by the following vote:
AYES: Members Davis, Salas, Padilla and Chair/Mayor Horton
NOES: None
ABSENT: Moot
ABSTENTIONS: None
Shirley Hort(~
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.
1631 and that the same has not been amended or repealed.
Dated: June 23, 1999 ~'~'~'- ~
Chris Salomone
Executive Secretary