HomeMy WebLinkAboutReso 2002-491RESOLUTION NO. 2002-491
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING A RESTATEMENT
AGREEMENT BY AND BETWEEN THE CITY OF CHULA
VISTA, PACIFIC BAY PROPERTIES, AND CONTINENTAL
RESIDENTIAL, INC., AND AUTHORIZING THE MAYOR TO
EXECUTE SAID AGREEMENT
WHEREAS, on March 16, 1999, Council approved Resolution No. 19391, approving the
Subdivision Improvement Agreement (SIA) for improvements related to Rolling Hills Ranch
(Salt Creek Ranch) Neighborhood 2 Unit 7 and securing the duties and obligations of Pacific
Bay Properties to complete said improvements; and
WHEREAS, on March 28, 2002, McMillin Rolling Hills Ranch, LLC purchased said
property from Pacific Bay Properties and sold it to Continental Residential, Inc. Pacific Bay
Properties has requested that their bonds be released; and
WHEREAS, this agreement to restate said SIA assigns all related duties and obligations
from Pacific Bay Properties to Continental Residential, Inc. and to secure the agreement with
Continental's replacement bonds.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista does hereby approve the agreement between the City of Chula Vista, Pacific Bay
Properties, and Continental Residential, Inc. to restate the Subdivision Improvement Agreement
for Rolling Hills Ranch (Salt Creek Ranch) Neighborhood 2 Unit 7; and
BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista is hereby
authorized to execute said agreement on behalf of the City of Chula Vista.
Presented by
Approved as to form by
Jo~P. ~ipp!tt ~/~
Pffblic Works Director
~o1~ M. Kaheny
~[ty Attorney
Resolution 2002-491
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 10th day of December, 2002, by the following vote:
AYES:
Cotmcilmembers:
Davis, Rindone, Salas, McCann and Padilla
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
ATTEST:
Stephe~Padilla, Mayor
Susan Bigelow, City Clerk""
STATE OF CALIFORNIA )
COUN'I~ OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2002-491 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 10th day of December, 2002.
Executed this 10th day of December, 2002.
Susan Bigelow, City Clerk