HomeMy WebLinkAboutReso 2017-165RESOLUTION NO. 2017-165
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING A PURCHASE OPTION
AGREEMENT TO SELL CITY -OWNED LAND LOCATED
NORTH OF E STREET AND WEST OF I-5 TO LAND
DEVELOPERS & ASSOCIATES FOR USE IN THE
DEVELOPMENT OF ADJACENT LAND
WHEREAS, Land Developers & Associates Corporation (LDA) is the owner of two
parcels of land currently identified as San Diego County Assessor's Parcel No.'s 565-310-09 and
565-310-25, said land being located north of E Street and adjacent to Interstate 5; and
WHEREAS, the City of Chula Vista (City) is the owner of a strip of land immediately
adjacent to and abutting LDA's land which LDA desires to purchase this land for the use in the
development of their land; and
WHEREAS, City has no current or anticipated future use for said strip of land; and
WHEREAS, LDA will not require said land until their property is ready to be developed
and therefor has requested an option to purchase at this time.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista
that it approves the Purchase Option Agreement with Land Developers & Associates, Inc. in the
form presented, with minor modifications as may be required or approved by the City Attorney,
and authorizes the City Manager, or his designee, to execute all documents necessary to
effectuate the same.
Presented by
ric Crockett
Director, Economic Development
Approved as to form by
Glen R. G07 ns
Cit} A. ey
Resolution No. 2017-165
Page No. 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 12th day of September 2017 by the following vote:
AYES: Councilmembers: Aguilar, Diaz, McCann, Padilla, and Salas
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
i/ ��M
'b
Mayor
ATTEST:
LI'l"I r� 0, - - 7, —
Kerry K. B'gelow, C, Acting City Clerk
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
I, Kerry K. Bigelow, Acting City Clerk of Chula Vista, California, do hereby certify that the
foregoing Resolution No. 2017-165 was duly passed, approved, and adopted by the City Council
at a regular meeting of the Chula Vista City Council held on the 12th day of September 2017.
Executed this 12th day of September 2017.
Kerry K. Bi e w, M , Acting City Clerk